Integration of Fluctuating Renewable Energy in Europe

Conference paper
Part of the Operations Research Proceedings book series (ORP)

Abstract

With increasing amounts of power generation from intermittent sources like wind and solar, capacity planning has not only to account for the expected load variations but also for the stochastics of volatile power feed-in. Moreover investments in power generation are no longer centrally planned in deregulated power markets but rather decided on competitive grounds by individual power companies. This poses particular challenges when it comes to dispatch. Within this article an approach is presented which allows assessing electricity market development in the presence of stochastic power feed-in and endogenous investments of power plants and renewable energies.

Keywords

Renewable Energy Hydro Power General Algebraic Modeling System Hydro Power Plant Conventional Power Plant 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 2012

Authors and Affiliations

  1. 1.Chair for Management Sciences and Energy EconomicsUniversity of Duisburg-EssenEssenGermany

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