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Optimal production allocation of load-following nuclear units in an electricity market in the early stages of competition
- Source :
- Energy Systems, Energy Systems, Springer, 2021, 12, pp.1047-1080. ⟨10.1007/s12667-020-00375-y⟩
- Publication Year :
- 2021
- Publisher :
- HAL CCSD, 2021.
-
Abstract
- International audience; Electricity systems are quitting monopoly for an operation framed by competitive markets. It therefore questions how the operation of nuclear plants capable of load-following is expected to change at the transition stage in a challenging economic environment for nuclear producers given the high penetration of renewables and the increase of nuclear production costs for renovation and safety reasons. To answer this question, we are focusing on a month-by-month management horizon of the nuclear fuel given the technico-economical features of the operation of flexible nuclear plants. The resolution of the month-by-month profit maximization problem contributes to identify potential difficulties and limits of production optimization and provides us with an equilibrium which proves the existence of an optimal production path. This benchmark could serve as a reference providing valuable insight on the resolution of more complex optimisation problems.
- Subjects :
- Economics and Econometrics
020209 energy
Nuclear fuel stock
Electricity system
Production optimization
02 engineering and technology
010501 environmental sciences
7. Clean energy
01 natural sciences
Seasonal demand
Competition with reservoir
JEL: C - Mathematical and Quantitative Methods/C.C6 - Mathematical Methods • Programming Models • Mathematical and Simulation Modeling/C.C6.C63 - Computational Techniques • Simulation Modeling
Electricity market
JEL: C - Mathematical and Quantitative Methods/C.C6 - Mathematical Methods • Programming Models • Mathematical and Simulation Modeling/C.C6.C61 - Optimization Techniques • Programming Models • Dynamic Analysis
0202 electrical engineering, electronic engineering, information engineering
Industrial organization
0105 earth and related environmental sciences
JEL: D - Microeconomics/D.D2 - Production and Organizations/D.D2.D24 - Production • Cost • Capital • Capital, Total Factor, and Multifactor Productivity • Capacity
Nuclear fuel
business.industry
Month-by-month profit maximization
Profit maximization
Load following power plant
[SHS.ECO]Humanities and Social Sciences/Economics and Finance
Renewable energy
JEL: L - Industrial Organization/L.L1 - Market Structure, Firm Strategy, and Market Performance/L.L1.L11 - Production, Pricing, and Market Structure • Size Distribution of Firms
General Energy
13. Climate action
Modeling and Simulation
JEL: D - Microeconomics/D.D4 - Market Structure, Pricing, and Design/D.D4.D41 - Perfect Competition
business
Monopoly
Load-following units
Subjects
Details
- Language :
- English
- ISSN :
- 18683967 and 18683975
- Database :
- OpenAIRE
- Journal :
- Energy Systems, Energy Systems, Springer, 2021, 12, pp.1047-1080. ⟨10.1007/s12667-020-00375-y⟩
- Accession number :
- edsair.doi.dedup.....292e29ce3a32eaca33c501e916a36485
- Full Text :
- https://doi.org/10.1007/s12667-020-00375-y⟩