Techno-economical design study for a sustainable power station powered by simultaneity of wind, solar, and an integrated Li-ion battery

Our present-day society is utterly dependant on electricity. This dependence will only grow as electrification of sectors such as manufacturing, transportation and building heating takes off. Most of the electricity these days comes from conventional plants running on coal and natural gas. Despite that these are reliable and cheap, the...

Implementing capacity subscription in the Dutch electricity market: An impact assessment using fundamental analysis

The production of renewable energy is steadily going up, and as a result of the (almost) zero-marginal cost renewables, the marginal cost based electricity prices go down. While the need for backup generation increases due to the fluctuating availability of renewable energy, the generation units that supply electricity during demand peaks see...

An analysis of a forward capacity market with long-term contracts

We analyze the effectiveness of a forward capacity market (FCM) with long-term contracts in an electricity market in the presence of a growing share of renewable energy. An agent-based model is used for this analysis. Capacity markets can compensate for the deteriorating incentive to invest in controllable power plants when the share of...