Reconciling high renewable electricity ambitions with market economics and system operation: Lessons from Ireland's power system

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dc.contributor.authorGaffney, Fiac
dc.contributor.authorDeane, J. Paul
dc.contributor.authorÓ Gallachóir, Brian P.
dc.contributor.funderBord Gáis Energyen
dc.date.accessioned2019-10-06T20:36:30Z
dc.date.available2019-10-06T20:36:30Z
dc.date.issued2019-07-30
dc.description.abstractThe integration of variable generation challenges electricity systems globally. Using Ireland's electricity sector as a case study, we highlight multiple challenges in reconciling ambition for variable renewable integration with market economics and system operation. Ireland has the highest share of non-synchronous variable renewable electricity on a single synchronous power system. This case study examines the strategy being implemented to optimally balance between efficiency, flexibility and adequacy while maintaining a fully functional system that strives to adapt to evolving conditions. The transition that the Single Electricity Market underwent to comply with the EU Target Market was a major overhaul of what made the all-island market a success. Volume-based reliability options have distinct advantages over capacity payments. System services are critical for system stability and 14 separate system services are being developed. These actions, when taken together, provide an insight into the lengths to which this electricity market must go to transform from its cost-based nature to a value-based alternative that rewards flexible and reliable capacity with the ability to evolve with market conditions of the future.en
dc.description.statusPeer revieweden
dc.description.versionPublished Versionen
dc.format.mimetypeapplication/pdfen
dc.identifier.articleid100381en
dc.identifier.citationGaffney, F., Deane, J. P. and Ó Gallachóir, B. P. (2019) 'Reconciling high renewable electricity ambitions with market economics and system operation: Lessons from Ireland's power system', Energy Strategy Reviews, 26, 100381 (12pp). DOI: 10.1016/j.esr.2019.100381en
dc.identifier.doi10.1016/j.esr.2019.100381en
dc.identifier.eissn2211-4688
dc.identifier.endpage12en
dc.identifier.issn2211-467X
dc.identifier.journaltitleEnergy Strategy Reviewsen
dc.identifier.startpage1en
dc.identifier.urihttps://hdl.handle.net/10468/8693
dc.identifier.volume26en
dc.language.isoenen
dc.publisherElsevier Ltden
dc.relation.urihttps://www.sciencedirect.com/science/article/pii/S2211467X19300744?via%3Dihub
dc.rights©2019 Elsevier Ltd. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/BY-NC-ND/4.0/)en
dc.rights.urihttp://creativecommons.org/licenses/BY-NC-ND/4.0/en
dc.subjectTarget modelen
dc.subjectI-SEMen
dc.subjectElectricity market transformationen
dc.subjectSystem servicesen
dc.subjectCapacity remuneration mechanismen
dc.titleReconciling high renewable electricity ambitions with market economics and system operation: Lessons from Ireland's power systemen
dc.typeArticle (peer-reviewed)en
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