Nothing Special   »   [go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/p/arx/papers/2009.03160.html
   My bibliography  Save this paper

A graphical approach to carbon-efficient spot market scheduling for Power-to-X applications

Author

Listed:
  • Neeraj Bokde
  • Bo Tranberg
  • Gorm Bruun Andresen
Abstract
In the Paris agreement of 2015, it was decided to reduce the CO2 emissions of the energy sector to zero by 2050 and to restrict the global mean temperature increase to 1.5 degree Celcius above the pre-industrial level. Such commitments are possible only with practically CO2-free power generation based on variable renewable technologies. Historically, the main point of criticism regarding renewable power is the variability driven by weather dependence. Power-to-X systems, which convert excess power to other stores of energy for later use, can play an important role in offsetting the variability of renewable power production. In order to do so, however, these systems have to be scheduled properly to ensure they are being powered by low-carbon technologies. In this paper, we introduce a graphical approach for scheduling power-to-X plants in the day-ahead market by minimizing carbon emissions and electricity costs. This graphical approach is simple to implement and intuitively explain to stakeholders. In a simulation study using historical prices and CO2 intensity for four different countries, we find that the price and CO2 intensity tends to decrease with increasing scheduling horizon. The effect diminishes when requiring an increasing amount of full load hours per year. Additionally, investigating the trade-off between optimizing for price or CO2 intensity shows that it is indeed a trade-off: it is not possible to obtain the lowest price and CO2 intensity at the same time.

Suggested Citation

  • Neeraj Bokde & Bo Tranberg & Gorm Bruun Andresen, 2020. "A graphical approach to carbon-efficient spot market scheduling for Power-to-X applications," Papers 2009.03160, arXiv.org.
    • Handle: RePEc:arx:papers:2009.03160
    as

    Download full text from publisher

    File URL: http://arxiv.org/pdf/2009.03160
    File Function: Latest version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Bo Tranberg & Olivier Corradi & Bruno Lajoie & Thomas Gibon & Iain Staffell & Gorm Bruun Andresen, 2018. "Real-Time Carbon Accounting Method for the European Electricity Markets," Papers 1812.06679, arXiv.org, revised May 2019.
    2. Bailera, Manuel & Lisbona, Pilar & Romeo, Luis M. & Espatolero, Sergio, 2017. "Power to Gas projects review: Lab, pilot and demo plants for storing renewable energy and CO2," Renewable and Sustainable Energy Reviews, Elsevier, vol. 69(C), pages 292-312.
    3. Blanco, Herib & Faaij, André, 2018. "A review at the role of storage in energy systems with a focus on Power to Gas and long-term storage," Renewable and Sustainable Energy Reviews, Elsevier, vol. 81(P1), pages 1049-1086.
    4. Koj, Jan Christian & Wulf, Christina & Zapp, Petra, 2019. "Environmental impacts of power-to-X systems - A review of technological and methodological choices in Life Cycle Assessments," Renewable and Sustainable Energy Reviews, Elsevier, vol. 112(C), pages 865-879.
    5. Prakash, Vrishab & Ghosh, Sajal & Kanjilal, Kakali, 2020. "Costs of avoided carbon emission from thermal and renewable sources of power in India and policy implications," Energy, Elsevier, vol. 200(C).
    6. Mills, Andrew D. & Levin, Todd & Wiser, Ryan & Seel, Joachim & Botterud, Audun, 2020. "Impacts of variable renewable energy on wholesale markets and generating assets in the United States: A review of expectations and evidence," Renewable and Sustainable Energy Reviews, Elsevier, vol. 120(C).
    7. Neeraj Bokde & Andrés Feijóo & Daniel Villanueva & Kishore Kulat, 2019. "A Review on Hybrid Empirical Mode Decomposition Models for Wind Speed and Wind Power Prediction," Energies, MDPI, vol. 12(2), pages 1-42, January.
    8. Mohammadi Rad, Amin & Barforoushi, Taghi, 2020. "Optimal scheduling of resources and appliances in smart homes under uncertainties considering participation in spot and contractual markets," Energy, Elsevier, vol. 192(C).
    9. Panos, Evangelos & Kober, Tom & Wokaun, Alexander, 2019. "Long term evaluation of electric storage technologies vs alternative flexibility options for the Swiss energy system," Applied Energy, Elsevier, vol. 252(C), pages 1-1.
    10. Yao, Xing & Yi, Bowen & Yu, Yang & Fan, Ying & Zhu, Lei, 2020. "Economic analysis of grid integration of variable solar and wind power with conventional power system," Applied Energy, Elsevier, vol. 264(C).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Manisha Sawant & Sameer Thakare & A. Prabhakara Rao & Andrés E. Feijóo-Lorenzo & Neeraj Dhanraj Bokde, 2021. "A Review on State-of-the-Art Reviews in Wind-Turbine- and Wind-Farm-Related Topics," Energies, MDPI, vol. 14(8), pages 1-30, April.
    2. Amit Shewale & Anil Mokhade & Nitesh Funde & Neeraj Dhanraj Bokde, 2022. "A Survey of Efficient Demand-Side Management Techniques for the Residential Appliance Scheduling Problem in Smart Homes," Energies, MDPI, vol. 15(8), pages 1-34, April.
    3. Iva Ridjan Skov & Noémi Schneider & Gerald Schweiger & Josef-Peter Schöggl & Alfred Posch, 2021. "Power-to-X in Denmark: An Analysis of Strengths, Weaknesses, Opportunities and Threats," Energies, MDPI, vol. 14(4), pages 1-14, February.
    4. Manisha Sawant & Rupali Patil & Tanmay Shikhare & Shreyas Nagle & Sakshi Chavan & Shivang Negi & Neeraj Dhanraj Bokde, 2022. "A Selective Review on Recent Advancements in Long, Short and Ultra-Short-Term Wind Power Prediction," Energies, MDPI, vol. 15(21), pages 1-24, October.
    5. Zbigniew Skibko & Magdalena Tymińska & Wacław Romaniuk & Andrzej Borusiewicz, 2021. "Impact of the Wind Turbine on the Parameters of the Electricity Supply to an Agricultural Farm," Sustainability, MDPI, vol. 13(13), pages 1-15, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Iva Ridjan Skov & Noémi Schneider & Gerald Schweiger & Josef-Peter Schöggl & Alfred Posch, 2021. "Power-to-X in Denmark: An Analysis of Strengths, Weaknesses, Opportunities and Threats," Energies, MDPI, vol. 14(4), pages 1-14, February.
    2. Bokde, Neeraj Dhanraj & Tranberg, Bo & Andresen, Gorm Bruun, 2021. "Short-term CO2 emissions forecasting based on decomposition approaches and its impact on electricity market scheduling," Applied Energy, Elsevier, vol. 281(C).
    3. Guilera, Jordi & Andreu, Teresa & Basset, Núria & Boeltken, Tim & Timm, Friedemann & Mallol, Ignasi & Morante, Joan Ramon, 2020. "Synthetic natural gas production from biogas in a waste water treatment plant," Renewable Energy, Elsevier, vol. 146(C), pages 1301-1308.
    4. Martin Thema & Tobias Weidlich & Manuel Hörl & Annett Bellack & Friedemann Mörs & Florian Hackl & Matthias Kohlmayer & Jasmin Gleich & Carsten Stabenau & Thomas Trabold & Michael Neubert & Felix Ortlo, 2019. "Biological CO 2 -Methanation: An Approach to Standardization," Energies, MDPI, vol. 12(9), pages 1-32, May.
    5. Wolf, Isabel & Holzapfel, Peter K.R. & Meschede, Henning & Finkbeiner, Matthias, 2023. "On the potential of temporally resolved GHG emission factors for load shifting: A case study on electrified steam generation," Applied Energy, Elsevier, vol. 348(C).
    6. Thimet, P.J. & Mavromatidis, G., 2022. "Review of model-based electricity system transition scenarios: An analysis for Switzerland, Germany, France, and Italy," Renewable and Sustainable Energy Reviews, Elsevier, vol. 159(C).
    7. Laugs, Gideon A.H. & Benders, René M.J. & Moll, Henri C., 2024. "Maximizing self-sufficiency and minimizing grid interaction: Combining electric and molecular energy storage for decentralized balancing of variable renewable energy in local energy systems," Renewable Energy, Elsevier, vol. 229(C).
    8. Strübing, Dietmar & Moeller, Andreas B. & Mößnang, Bettina & Lebuhn, Michael & Drewes, Jörg E. & Koch, Konrad, 2018. "Anaerobic thermophilic trickle bed reactor as a promising technology for flexible and demand-oriented H2/CO2 biomethanation," Applied Energy, Elsevier, vol. 232(C), pages 543-554.
    9. Kolb, Sebastian & Plankenbühler, Thomas & Hofmann, Katharina & Bergerson, Joule & Karl, Jürgen, 2021. "Life cycle greenhouse gas emissions of renewable gas technologies: A comparative review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 146(C).
    10. Daniarta, S. & Sowa, D. & Błasiak, P. & Imre, A.R. & Kolasiński, P., 2024. "Techno-economic survey of enhancing Power-to-Methane efficiency via waste heat recovery from electrolysis and biomethanation," Renewable and Sustainable Energy Reviews, Elsevier, vol. 194(C).
    11. Zoltán Csedő & Botond Sinóros-Szabó & Máté Zavarkó, 2020. "Seasonal Energy Storage Potential Assessment of WWTPs with Power-to-Methane Technology," Energies, MDPI, vol. 13(18), pages 1-21, September.
    12. Kirchbacher, F. & Miltner, M. & Wukovits, W. & Harasek, M., 2019. "Economic assessment of membrane-based power-to-gas processes for the European biogas market," Renewable and Sustainable Energy Reviews, Elsevier, vol. 112(C), pages 338-352.
    13. Shan, Rui & Reagan, Jeremiah & Castellanos, Sergio & Kurtz, Sarah & Kittner, Noah, 2022. "Evaluating emerging long-duration energy storage technologies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 159(C).
    14. Bailera, M. & Lisbona, P. & Llera, E. & Peña, B. & Romeo, L.M., 2019. "Renewable energy sources and power-to-gas aided cogeneration for non-residential buildings," Energy, Elsevier, vol. 181(C), pages 226-238.
    15. Zoltán Csedő & Máté Zavarkó & Balázs Vaszkun & Sára Koczkás, 2021. "Hydrogen Economy Development Opportunities by Inter-Organizational Digital Knowledge Networks," Sustainability, MDPI, vol. 13(16), pages 1-26, August.
    16. Javier L'opez Prol & Wolf-Peter Schill, 2020. "The Economics of Variable Renewables and Electricity Storage," Papers 2012.15371, arXiv.org.
    17. Quarton, Christopher J. & Samsatli, Sheila, 2018. "Power-to-gas for injection into the gas grid: What can we learn from real-life projects, economic assessments and systems modelling?," Renewable and Sustainable Energy Reviews, Elsevier, vol. 98(C), pages 302-316.
    18. Carlos V. Miguel & Adélio Mendes & Luís M. Madeira, 2018. "An Overview of the Portuguese Energy Sector and Perspectives for Power-to-Gas Implementation," Energies, MDPI, vol. 11(12), pages 1-20, November.
    19. Eveloy, Valerie, 2019. "Hybridization of solid oxide electrolysis-based power-to-methane with oxyfuel combustion and carbon dioxide utilization for energy storage," Renewable and Sustainable Energy Reviews, Elsevier, vol. 108(C), pages 550-571.
    20. Valerie Eveloy & Tesfaldet Gebreegziabher, 2018. "A Review of Projected Power-to-Gas Deployment Scenarios," Energies, MDPI, vol. 11(7), pages 1-52, July.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arx:papers:2009.03160. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: arXiv administrators (email available below). General contact details of provider: http://arxiv.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.