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Further Results on the Probability Theory of Capacity Value of Additional Generation

Dent, C.J.; Zachary, S.

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Authors

C.J. Dent

S. Zachary



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.

Citation

Dent, C., & Zachary, S. (2014). Further Results on the Probability Theory of Capacity Value of Additional Generation. In Probabilistic Methods Applied to Power Systems (PMAPS), 2014 International Conference on (531-536). https://doi.org/10.1109/pmaps.2014.6960667

Conference Name International Conference on Probabilistic Methods Applied to Power Systems (PMAPS)
Conference Location Durham, England
Start Date Jul 7, 2014
End Date Jul 10, 2014
Publication Date Jul 10, 2014
Deposit Date Jun 26, 2014
Publicly Available Date Mar 29, 2024
Publisher Institute of Electrical and Electronics Engineers
Pages 531-536
Book Title Probabilistic Methods Applied to Power Systems (PMAPS), 2014 International Conference on.
DOI https://doi.org/10.1109/pmaps.2014.6960667
Keywords Capacity planning, Distribution functions, Educational institutions, Frequency modulation, Random variables, Wind, Power system operation, Power system planning, Power system reliability, Risk analysis, Wind energy.

Files

Accepted Conference Proceeding (308 Kb)
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