Generation portfolio analysis for a carbon constrained and uncertain future

Ruth Doherty; H. Outhred; M. O'Malley

doi:10.1109/FPS.2005.204266

Generation portfolio analysis for a carbon constrained and uncertain future

Ruth Doherty, H. Outhred, M. O'Malley

School of Geosciences

Research output: Contribution to conference › Paper › peer-review

Abstract

Many modern electricity systems are faced with the challenge of reducing green house gas emissions and dealing with increasing and more volatile fuel prices. Adequately dealing with these issues requires the evolution of suitable generation portfolios. However, doubts remain if the liberalized marketplace will deliver such portfolios. Analysis is undertaken to try and determine how the generation portfolio on the all-Ireland system may evolve by 2020. Resulting portfolios are examined with respect to the impact of carbon costs on the development of the portfolio and in particular wind energy. An assessment is made of the exposure of the portfolios to fuel price volatility and how portfolios may wish to diversify to avoid this. The analysis endeavors to gain insight into the future generation portfolios with the aim of informing how policy instruments may be tailored to address these issues.

Original language	English
Pages	391-396
Number of pages	6
DOIs	https://doi.org/10.1109/FPS.2005.204266
Publication status	Published - Nov 2005
Event	2005 International Conference on Future Power Systems - , United Kingdom Duration: 18 Nov 2005 → 18 Nov 2005

Conference

Conference	2005 International Conference on Future Power Systems
Country/Territory	United Kingdom
Period	18/11/05 → 18/11/05

Keywords / Materials (for Non-textual outputs)

Energy resources
environmental factors
fuel diversity
generation planning
power system economics

Access to Document

10.1109/FPS.2005.204266

01600539Final published version, 1.54 MB

http://ieeexplore.ieee.org/xpls/abs_all.jsp?arnumber=1600539&tag=1

Cite this

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title = "Generation portfolio analysis for a carbon constrained and uncertain future",

abstract = "Many modern electricity systems are faced with the challenge of reducing green house gas emissions and dealing with increasing and more volatile fuel prices. Adequately dealing with these issues requires the evolution of suitable generation portfolios. However, doubts remain if the liberalized marketplace will deliver such portfolios. Analysis is undertaken to try and determine how the generation portfolio on the all-Ireland system may evolve by 2020. Resulting portfolios are examined with respect to the impact of carbon costs on the development of the portfolio and in particular wind energy. An assessment is made of the exposure of the portfolios to fuel price volatility and how portfolios may wish to diversify to avoid this. The analysis endeavors to gain insight into the future generation portfolios with the aim of informing how policy instruments may be tailored to address these issues.",

keywords = "Energy resources, environmental factors, fuel diversity, generation planning, power system economics",

author = "Ruth Doherty and H. Outhred and M. O'Malley",

year = "2005",

month = nov,

doi = "10.1109/FPS.2005.204266",

language = "English",

pages = "391--396",

note = "2005 International Conference on Future Power Systems ; Conference date: 18-11-2005 Through 18-11-2005",

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TY - CONF

T1 - Generation portfolio analysis for a carbon constrained and uncertain future

AU - Doherty, Ruth

AU - Outhred, H.

AU - O'Malley, M.

PY - 2005/11

Y1 - 2005/11

N2 - Many modern electricity systems are faced with the challenge of reducing green house gas emissions and dealing with increasing and more volatile fuel prices. Adequately dealing with these issues requires the evolution of suitable generation portfolios. However, doubts remain if the liberalized marketplace will deliver such portfolios. Analysis is undertaken to try and determine how the generation portfolio on the all-Ireland system may evolve by 2020. Resulting portfolios are examined with respect to the impact of carbon costs on the development of the portfolio and in particular wind energy. An assessment is made of the exposure of the portfolios to fuel price volatility and how portfolios may wish to diversify to avoid this. The analysis endeavors to gain insight into the future generation portfolios with the aim of informing how policy instruments may be tailored to address these issues.

AB - Many modern electricity systems are faced with the challenge of reducing green house gas emissions and dealing with increasing and more volatile fuel prices. Adequately dealing with these issues requires the evolution of suitable generation portfolios. However, doubts remain if the liberalized marketplace will deliver such portfolios. Analysis is undertaken to try and determine how the generation portfolio on the all-Ireland system may evolve by 2020. Resulting portfolios are examined with respect to the impact of carbon costs on the development of the portfolio and in particular wind energy. An assessment is made of the exposure of the portfolios to fuel price volatility and how portfolios may wish to diversify to avoid this. The analysis endeavors to gain insight into the future generation portfolios with the aim of informing how policy instruments may be tailored to address these issues.

KW - Energy resources

KW - environmental factors

KW - fuel diversity

KW - generation planning

KW - power system economics

U2 - 10.1109/FPS.2005.204266

DO - 10.1109/FPS.2005.204266

M3 - Paper

SP - 391

EP - 396

T2 - 2005 International Conference on Future Power Systems

Y2 - 18 November 2005 through 18 November 2005

ER -

Generation portfolio analysis for a carbon constrained and uncertain future

Abstract

Conference

Keywords / Materials (for Non-textual outputs)

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Cite this