TITLE:
Enabling Hybrid Projects through Appropriate Market Design
AUTHORS:
Dorel Soares Ramos, Roberto Castro, Luiz A. S. Camargo, Laís D. Leonel, Lucas Freitas de Paiva, Mateus Henrique Balan, Clarissa P. Gonçalves, Erika Borba Breyer, Sunny Jonathan, Renato Grigoletto de Biase
KEYWORDS:
Hybrid Projects, Renewable Generation, Electricity Market Design, Regulation
JOURNAL NAME:
Energy and Power Engineering,
Vol.14 No.2,
February
11,
2022
ABSTRACT: Large-scale hybrid power plants, composed of two or
more generation sources and with the participation of energy
storage systems, have driven important electricity
Market Design regulation discussions worldwide. Regulatory framework ought to be adapted to support technical particularities of these new
generation arranges. This paper presents an assessment of the main requirements
to be met by Market Design to enable hybrid power plants by means of assertive
market incentives. Assessing regulatory adjustments promoted in Australia,
United States, India, China, and Brazil, emphasizing the latter one, the
authors presents a case study by applying specific computational simulation and
optimization model to a hybrid Hydro-Solar plant, that supports the findings
for the necessary evolution needed in the national regulatory framework in
order to enable hybrid projects. The evaluation of international experiences
indicates that the insertion of hybrid projects is associated with the design
of the market they belong to and demand regulatory adjustments so that their
attributes can be properly valued for the benefit of all stakeholders,
especially for the electricity consumer.