Abstract
New theoretical results regarding the capacity value of additional generation are presented, the motivation being explanation of results from applied renewables integration studies. Of particular note are the dependence of calculated values on underlying risk level for any capacity of additional generation, the upper limit on capacity value where there is a given probability of near-zero available capacity, and a closed form result for the case where the distribution of available existing capacity may be approximated as an exponential function. Examples of how these main results may be applied are presented.
| Original language | English |
|---|---|
| Title of host publication | International Conference on Probabilistic Methods Applied to Power Systems (PMAPS) |
| Place of Publication | Durham, England |
| Publisher | Institute of Electrical and Electronics Engineers |
| Number of pages | 6 |
| DOIs | |
| Publication status | Published - 2014 |
Keywords / Materials (for Non-textual outputs)
- Capacity planning, Distribution functions, Educational institutions, Frequency modulation, Random variables, Wind, Power system operation, Power system planning, Power system reliability, Risk analysis,