Capacity determination of pumped storage projects using market electricity prices

Download
2014
Çetinkaya, Semih
Renewable and clean energy is gaining more importance after the nuclear disasters with increasing awareness of depletion of fossil fuels, concerns about the global warming and increasing energy demand. However, intermittency of renewable resources is the biggest challenge in the restructuring world energy market. Energy has to be stored against sudden changes in the production and consumption. In order to keep the continuity of the energy supply, pumped storage can be a remedy. Therefore, pumped storage projects have became popular again since 2000s. There are several projects under construction or in planning stages all around the world. In Turkey, there is no pumped storage project under construction or in operation although it has considerably long history of using hydropower. Recently, both the government institutions and the private sector are seriously considering developing pumped storage projects. Therefore, in the present thesis, software which is called PXSC in Microsoft Excel with VBA is developed to assess pumped storage projects by the market electricity prices. The tool consists of both hydraulic and economic analysis.

Suggestions

Electricity market modeling using stochastic and robust optimization
Yıldırım, Miray Hanım; Wilhelm Weber, Gerhard; Türker Bayrak, Özlem; Department of Scientific Computing (2015)
Sustainable development relying on sustainable and renewable energy systems is becoming one of the major policies of many countries. This forces the policy makers to establish many reforms and revolutions, which evolve electricity markets into a more competitive form. The competitive environment results in surging electricity demand and supply that brings in a critical challenge: uncertainty. In this thesis, the uncertainties with respect to prices and demand in the market are explored by using stochastic p...
GIS-based site selection methodology for hybrid renewable energy systems: A case study from western Turkey
Aydin, Nazli Yonca; Kentel Erdoğan, Elçin; Duzgun, H. Sebnem (Elsevier BV, 2013-06-01)
Renewable energy sources are presently being considered as alternatives to fossil fuels, because they are perpetual, environmentally friendly, and release negligible amounts of greenhouse gases to the atmosphere while producing energy. A disadvantage of renewable energy systems, however, is that continuous energy generation is not possible by using only one type of renewable energy system, since renewable energy resources depend on climate and weather conditions. Two or more renewable energy systems can be ...
Feasibility study of multiple hydropower project: case study of Baltacı stream, Trabzon, Turkey
Aydın, Boran Ekin; Kentel Erdoğan, Elçin; Altınbilek, Doğan H.; Department of Civil Engineering (2010)
High greenhouse gas emissions increased the importance of renewable energy resources. Hydropower is among the most widely used type of renewable energy. Oppositions to big hydropower projects with reservoirs increased the use of small hydropower plants. Development of a small hydropower project is a challenging engineering task. Different software’s are developed and used to make initial estimations of energy generation and initial costs of the project. RETScreen Clean Energy Analysis Software which can be ...
Feasibility of a supplementary water storage for birkapili hydroelectric power plant
Bozkurt, Melih; Yanmaz, Ali Melih; Bakır, Nadi; Department of Civil Engineering (2011)
Climate change concerns, high oil prices and increasing government support are some of the driving reasons of increasing renewable energy legislation, incentives, and commercialization. Hydroelectricity is the most widely used form of renewable energy and refers to electricity generated by hydropower. In this study, a storage facility is proposed to store some additional water and increase the profitability of the existing Birkapılı Hydroelectric Power Plant. The storage facility is composed of a gravity da...
Decarbonization of turkish public electricity sector: adopting sustainable energy portfolio
Şahin, Hasret; Soytaş, Uğur; Akınoğlu, Bülent Gültekin; Department of Earth System Science (2014)
Sustainable energy settles in the core of the economic activities since climate change issues have arisen. Decarbonization strategies of the electricity sector target to reach sustainable energy by liberalization movements. To adopt the sustainable energy portfolio similar to European Union ones’, Turkey took a step in decarbonization of the Turkish electricity sector by beginning with the public electricity sector. In this study, the decarbonization process of Turkish public electricity sector is projected...
Citation Formats
S. Çetinkaya, “Capacity determination of pumped storage projects using market electricity prices,” M.S. - Master of Science, Middle East Technical University, 2014.