Role of Pumped Storage Hydro Resources in Electricity Markets and System Operation: Preprint

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Description

The most common form of utility- sized energy storage system is the pumped storage hydro system. Originally, these types of storage systems were economically viable simply because they displace more expensive generating units. However, over time, as those expensive units became more efficient and costs declined, pumped hydro storage units no longer have the operational edge. As a result, in the current electricity market environment, pumped storage hydro plants are struggling. To offset this phenomenon, certain market modifications should be addressed. This paper will introduce some of the challenges faced by pumped storage hydro plants in today's markets and purpose ... continued below

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12 p.

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Ela, E.; Kirby, B.; Botterud, A.; Milostan, C.; Krad, I. & Koritarov, V. May 1, 2013.

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Description

The most common form of utility- sized energy storage system is the pumped storage hydro system. Originally, these types of storage systems were economically viable simply because they displace more expensive generating units. However, over time, as those expensive units became more efficient and costs declined, pumped hydro storage units no longer have the operational edge. As a result, in the current electricity market environment, pumped storage hydro plants are struggling. To offset this phenomenon, certain market modifications should be addressed. This paper will introduce some of the challenges faced by pumped storage hydro plants in today's markets and purpose some solutions to those problems.

Physical Description

12 p.

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  • To be presented at HydroVision International, 23-26 July 2013, Denver, Colorado

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  • Report No.: NREL/CP-5500-58655
  • Grant Number: AC36-08GO28308
  • Office of Scientific & Technical Information Report Number: 1080132
  • Archival Resource Key: ark:/67531/metadc840336

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  • May 1, 2013

Added to The UNT Digital Library

  • May 19, 2016, 9:45 a.m.

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  • April 3, 2017, 8:06 p.m.

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Ela, E.; Kirby, B.; Botterud, A.; Milostan, C.; Krad, I. & Koritarov, V. Role of Pumped Storage Hydro Resources in Electricity Markets and System Operation: Preprint, article, May 1, 2013; Golden, Colorado. (digital.library.unt.edu/ark:/67531/metadc840336/: accessed August 18, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.