Integration of Hybrids into Wholesale Power Markets

Technical Report · Sat Aug 12 04:00:00 EDT 2023

DOI:https://doi.org/10.2172/1994813· OSTI ID:1994813

Singhal, Nikita G. ^[1]; Bansal, Rajni Kant ^[2]; Kemp, Julie Mulvaney ^[3]; Ela, Erik ^[1]; Heleno, Miguel ^[3]

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1. Electric Power Research Institute, Knoxville, TN (United States)
2. Electric Power Research Institute, Knoxville, TN (United States); Johns Hopkins University, Baltimore, MD (United States)
3. Lawrence Berkeley National Laboratory (LBNL), Berkeley, CA (United States)

With growing commercial activity around utility-scale hybrid storage projects in the Unites States, independent system operators (ISOs) and regional transmission organizations (RTOs) are faced with making decisions on how to represent such emerging technology resources in the market clearing software through the definition of hybrid resource participation models. System operators are facing increasing uncertainties around efficient and reliable ways to operate these resources given the ambiguity around their impacts, particularly when high levels of hybrid resources are present. This study aimed to evaluate and compare the performance implications of different hybrid resource participation models in a realistic wholesale electricity market setting with significant deployment of hybrid resources, and to provide the industry with metrics that quantify the advantages and disadvantages of different participation options using realistic electricity market simulations. The different participation models are compared in terms of the impact to reliability of the overall system, the ability of the market to access the full capabilities of hybrid resources as measured by the economic efficiency, and asset profitability.

• Research Organization: Lawrence Berkeley National Laboratory (LBNL), Berkeley, CA (United States)
• Sponsoring Organization: USDOE Office of Energy Efficiency and Renewable Energy (EERE)
• DOE Contract Number: AC02-05CH11231
• OSTI ID: 1994813
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY