Bidding strategy of a seasonal storage and pump storage hydropower plants in reserve markets
The increasing share of intermittent sources of energy will increase the need for frequency-control reserves. However, the current supply of reserves might decrease in the following years. The share of gas- and coal-fuel plants in the power mix is expected to decline in order to reduce greenhouse gas emissions. Hydropower technologies are often put forward as mature and low-carbon technologies able to contribute to cover this increasing need for reserves. Their flexibility and storage capability allow them to support the stable operation of the grid. The procurement of reserves being mostly market-based in Europe, the market design should send the correct price signals to encourage the participation in these markets.
Laureen Deman, Quentin Boucher, Sonia Djebali, Guillaume Guerard, Cédric Clastres
Presented at 1st International Association of Energy Economics online conference