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Operations Research Proceedings 2011 pp 141–146Cite as

Integration of Fluctuating Renewable Energy in Europe

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Abstract

With increasing amounts of power generation from intermittent sources like wind and solar, capacity planning has not only to account for the expected load variations but also for the stochastics of volatile power feed-in. Moreover investments in power generation are no longer centrally planned in deregulated power markets but rather decided on competitive grounds by individual power companies. This poses particular challenges when it comes to dispatch. Within this article an approach is presented which allows assessing electricity market development in the presence of stochastic power feed-in and endogenous investments of power plants and renewable energies.

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References

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Author information

Authors and Affiliations

  1. Chair for Management Sciences and Energy Economics, University of Duisburg-Essen, 45117, Essen, Germany

    Stephan Spiecker & Christoph Weber

Authors
  1. Stephan Spiecker
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  2. Christoph Weber
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Corresponding author

Correspondence to Stephan Spiecker .

Editor information

Editors and Affiliations

  1. Institut für, Betriebswirtschaftslehre, Universität Zürich, Moussonstrasse, Zurich, 8044, Switzerland

    Diethard Klatte

  2. Inst. Operations Research, ETH Zürich, Rämistr. 101, Zürich, 8092, Switzerland

    Hans-Jakob Lüthi

  3. Institut für, Betriebswirtschaftslehre, Universität Zürich, Moussonstrasse 15, Zurich, 8044, Switzerland

    Karl Schmedders

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Spiecker, S., Weber, C. (2012). Integration of Fluctuating Renewable Energy in Europe. In: Klatte, D., Lüthi, HJ., Schmedders, K. (eds) Operations Research Proceedings 2011. Operations Research Proceedings. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-29210-1_23

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