Search results for "Electricity"
showing 10 items of 1225 documents
Distribution of biomass and site location of combustion and gasification power plants in western Sicily
2012
The substitution of conventional fossil fuels with biomass for energy production results both in the reduction of greenhouse gases emissions and in the replacement of non-renewable energy sources. The use of biomass for energy production responds to the growing pressure of government policies towards the achievement of better environmental sustainability of power generation processes. This is particularly true for the agricultural areas of Sicily, where the realization of new economic dynamics can lead to development of a local economic system. However, at present, generating energy from biomass is rather expensive due to both technological limits related to low conversion efficiencies, and…
Hedging spark spread risk with futures
2018
Abstract This paper discusses the spark spread risk management using electricity and natural gas futures. We focus on three European markets in which the natural gas share in the fuel mix varies considerably: Germany, the United Kingdom, and the Netherlands. We find that spark spread returns are partially predictable, and consequently, the Ederington and Salas (2008) minimum variance hedging approach should be applied. Hedging the spark spread is more difficult than hedging electricity and natural gas price risks with individual futures contracts. Whereas spark spread risk reduction for monthly periods produces values of between 20.05% and 48.90%, electricity and natural gas individual hedg…
A Power Sector in Transition Understanding Transition Towards a Cleaner Grid and how Distributed Energy Resources Affect the Design and Operation of …
2018
Important changes in the supply and the demand side of electricity apparatus are now underway, triggered by a combination of drivers dramatically affecting the transmission sector of power systems: greenhouse gas emissions, distributed generation, energy efficiency and the full integration of the European energy market. A variety of accelerating factors - including active consumer, aggregators, energy storage, e-vehicles, etc..- are creating a new era for the many stakeholders, incl. system operators, regional entities, industry and consumer organizations, producers or their trade bodies, Regulators, public decision makers and the society at large. Entraining this background, ENTSO-E and th…
EU transition in power sector
2019
Abstract In the past, much of Europe’s electricity grid network has been designed in consideration of the locations of conventional generation plants. However, a large share of today's renewables production – notably variable wind and solar – does not correspond to this grid architecture. Interconnectors, in addition to internal infrastructure, are key to creating new electricity corridors to connect areas of surplus to areas of scarcity. In this context, in 2014 the European Council, in recognizing that a fundamental role of transmission infrastructure is to enable the integration of areas of high renewable energy potential with main consumption areas, endorsed the proposal by the European…
On the harvest of rainfall energy by means of piezoelectric transducer
2013
In this paper a detailed study on the harvest of the energy contained in rainfall by means of piezoelectric transducers is presented. Diverse studies agree on the level of suitable generated voltage on the electrodes of a piezoelectric transducer subjected to rainfall, but a complete characterization on the supplied power is still missing. This work, in order to limit optimistic forecasts, takes into account the behavior of the transducers subjected to real and also artificial rainfall, condition that has shown promising behavior in laboratory. In order to increase the energy harvesting and also define its limits different loads have been taken into account. Only commercial transducers have…
Maximizing energy transfer and RES integration using dynamic thermal rating
2019
Abstract The production of electricity from wind and other renewable sources is rapidly increasing all over the world, causing significant changes in the management of electrical systems. The current structural asset is not adequate to manage this growing generation of energy. The hypothesis of construction of new power lines would mean taking into consideration economic, political and social problems. The following paper reports the experience gained by the Italian TSO, Terna S.p.A, on the use of the DTR (Dynamic Thermal Rating), which is able to dynamically calculate the real transport capacity of an overhead power line. The results obtained are encouraging as they show how it is possible…
A simple operation strategy of battery storage systems under dynamic electricity pricing: An Italian case study for a medium-scale public facility
2014
In the electricity market, wholesale energy prices depend on the balance between energy production and load demand. In the last few years, electricity market has become more and more flexible as many utilities have started to replace the fixed retail prices schemes with prices changing during the day. Dynamic pricing, also known as Real-Time Pricing (RTP), reflects the trend of the wholesale market and allows to reduce the volatility of the wholesale prices, also contributing to a reduction of demand peaks. Electricity customers take advantage of dynamic pricing by shifting their consumption according to the real-time prices or by using Battery Energy Storage Systems (BESS) to shift electri…
Economic feasibility of a customer-side energy storage in the Italian electricity market
2015
Electricity prices show significant short-term variations during the day due to the need of balancing supply and demand in real time. Normally, customers are not exposed to these variations but pay a constant electricity price. In an attempt to reduce the volatility of the wholesale prices, several utilities are moving from conventional fixed-rate pricing schemes to new market-based models, where the electricity price can fluctuate during the day depending on the market conditions. Examples of time-dependent pricing schemes are Time-Of-Use (TOU) tariffs, where the electricity price can take two or three price levels during the day, or Real-Time Pricing (RTP) tariffs, where the energy price …
Causalities between CO2, electricity, and other energy variables during phase I and phase II of the EU ETS
2010
The topic of this article is the analysis of the interplay between daily carbon, electricity and gas price data with the European Union Emission Trading System (EU ETS) for CO2 emissions. In a first step we have performed Granger causality tests for Phase I of the EU ETS (January 2005 until December 2007) and the first year of Phase II of the EU ETS (2008). The analysis includes both spot and forward markets—given the close interactions between the two sets of markets. The results show that during Phase I coal and gas prices, through the clean dark and spark spread, impacted CO2 futures prices, which in return Granger caused electricity prices. During the first year of the Phase II, the sho…
Assessment of a pilot system for seawater desalination based on vacuum multi-effect membrane distillation with enhanced heat recovery
2018
Abstract This work presents the evaluation of an innovative system based on vacuum multi-effect membrane distillation modules (V-MEMD) for seawater desalination at pilot scale. This four-effect unit introduces a remarkable modification from previous V-MEMD systems, consisting of the use of the seawater feed flow as cooling in the condenser, rather than a separate circuit. Preheating the feed in the condenser improved heat efficiency (maximum gained output ratio obtained for seawater was 3.2). Maximum distillate fluxes reached 8.5 l h−1 m−2 for hot feed temperature 75 °C and feed flow rate 150 l h−1. Increasing both parameters to raise the productivity was hindered by the inability of the co…