Assessing the Impact of Wind/PV Power Generation and Market Policies on Decentralized Hybrid Systems

Luciana S.M. Arnoux, Leonardo Santiago

Research output: Contribution to conferencePaperResearchpeer-review

Abstract

In this paper, we offer a comprehensive approach to assess the impact of wind and photovoltaic power generation on decentralized hybrid systems. In particular, we focus on three performance measures of the energy system, namely reliability, costs, and efficiency. Most of the current studies focus either on forecasting the energy potential or assessing the expected economic viability of the hybrid system. However, our approach allows decision makers to investigate the impact of key design features and market policies on several levels of system performance metrics, as opposed to only the expected level. Therefore, we appropriately assess the inherent uncertainty and design options. First, we use linear and quantile regression models to estimate the wind speed and solar insolation. Then, we use different quantiles as an input for the hybrid system design to assess market policies (e.g., net metering). Finally, we shed light on the performance metrics of the energy system: reliability, economy, and efficiency. We illustrate our approach by using data from a city in Brazil and analyze the behavior of system’s key parameters. We close by suggesting possible implications for managing new technologies (e.g., smart metering) and policy design.
Original languageEnglish
Publication date2016
Number of pages14
Publication statusPublished - 2016
Event2016 R&D Management Conference: From Science to Society: Innovation and Value Creation - University of Cambridge, Cambridge, United Kingdom
Duration: 3 Jul 20166 Jul 2016
http://www.rnd2016.eng.cam.ac.uk/

Conference

Conference2016 R&D Management Conference
LocationUniversity of Cambridge
CountryUnited Kingdom
CityCambridge
Period03/07/201606/07/2016
Internet address

Bibliographical note

CBS Library does not have access to the material

Cite this

S.M. Arnoux, L., & Santiago, L. (2016). Assessing the Impact of Wind/PV Power Generation and Market Policies on Decentralized Hybrid Systems. Paper presented at 2016 R&D Management Conference, Cambridge, United Kingdom.
S.M. Arnoux, Luciana ; Santiago, Leonardo . / Assessing the Impact of Wind/PV Power Generation and Market Policies on Decentralized Hybrid Systems. Paper presented at 2016 R&D Management Conference, Cambridge, United Kingdom.14 p.
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abstract = "In this paper, we offer a comprehensive approach to assess the impact of wind and photovoltaic power generation on decentralized hybrid systems. In particular, we focus on three performance measures of the energy system, namely reliability, costs, and efficiency. Most of the current studies focus either on forecasting the energy potential or assessing the expected economic viability of the hybrid system. However, our approach allows decision makers to investigate the impact of key design features and market policies on several levels of system performance metrics, as opposed to only the expected level. Therefore, we appropriately assess the inherent uncertainty and design options. First, we use linear and quantile regression models to estimate the wind speed and solar insolation. Then, we use different quantiles as an input for the hybrid system design to assess market policies (e.g., net metering). Finally, we shed light on the performance metrics of the energy system: reliability, economy, and efficiency. We illustrate our approach by using data from a city in Brazil and analyze the behavior of system’s key parameters. We close by suggesting possible implications for managing new technologies (e.g., smart metering) and policy design.",
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S.M. Arnoux, L & Santiago, L 2016, 'Assessing the Impact of Wind/PV Power Generation and Market Policies on Decentralized Hybrid Systems' Paper presented at, Cambridge, United Kingdom, 03/07/2016 - 06/07/2016, .

Assessing the Impact of Wind/PV Power Generation and Market Policies on Decentralized Hybrid Systems. / S.M. Arnoux, Luciana; Santiago, Leonardo .

2016. Paper presented at 2016 R&D Management Conference, Cambridge, United Kingdom.

Research output: Contribution to conferencePaperResearchpeer-review

TY - CONF

T1 - Assessing the Impact of Wind/PV Power Generation and Market Policies on Decentralized Hybrid Systems

AU - S.M. Arnoux, Luciana

AU - Santiago, Leonardo

N1 - CBS Library does not have access to the material

PY - 2016

Y1 - 2016

N2 - In this paper, we offer a comprehensive approach to assess the impact of wind and photovoltaic power generation on decentralized hybrid systems. In particular, we focus on three performance measures of the energy system, namely reliability, costs, and efficiency. Most of the current studies focus either on forecasting the energy potential or assessing the expected economic viability of the hybrid system. However, our approach allows decision makers to investigate the impact of key design features and market policies on several levels of system performance metrics, as opposed to only the expected level. Therefore, we appropriately assess the inherent uncertainty and design options. First, we use linear and quantile regression models to estimate the wind speed and solar insolation. Then, we use different quantiles as an input for the hybrid system design to assess market policies (e.g., net metering). Finally, we shed light on the performance metrics of the energy system: reliability, economy, and efficiency. We illustrate our approach by using data from a city in Brazil and analyze the behavior of system’s key parameters. We close by suggesting possible implications for managing new technologies (e.g., smart metering) and policy design.

AB - In this paper, we offer a comprehensive approach to assess the impact of wind and photovoltaic power generation on decentralized hybrid systems. In particular, we focus on three performance measures of the energy system, namely reliability, costs, and efficiency. Most of the current studies focus either on forecasting the energy potential or assessing the expected economic viability of the hybrid system. However, our approach allows decision makers to investigate the impact of key design features and market policies on several levels of system performance metrics, as opposed to only the expected level. Therefore, we appropriately assess the inherent uncertainty and design options. First, we use linear and quantile regression models to estimate the wind speed and solar insolation. Then, we use different quantiles as an input for the hybrid system design to assess market policies (e.g., net metering). Finally, we shed light on the performance metrics of the energy system: reliability, economy, and efficiency. We illustrate our approach by using data from a city in Brazil and analyze the behavior of system’s key parameters. We close by suggesting possible implications for managing new technologies (e.g., smart metering) and policy design.

M3 - Paper

ER -

S.M. Arnoux L, Santiago L. Assessing the Impact of Wind/PV Power Generation and Market Policies on Decentralized Hybrid Systems. 2016. Paper presented at 2016 R&D Management Conference, Cambridge, United Kingdom.