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Norwegian pumped hydro for providing peak power in a low-carbon European power market - Cost comparison against OCGT and CCGT

Norwegian pumped hydro for providing peak power in a low-carbon European power market - Cost comparison against OCGT and CCGT

Category
Part of a book/report
Abstract
This paper presents an analysis of the cost of providing peak generation from new OCGT, CCGT and Norwegian pumped hydro plants in a European power system with high penetration of wind and solar power. A method for calculation of the Levelized Cost of Peak Generation (LCPG) is proposed, which builds on the well-established metric Levelized Cost of Electricity (LCOE). Results from a case study shows that building new reversible pumping stations between existing reservoirs in the Norwegian hydro system are economical advantageous over new CCGT and OCGT plants in Northern Europe, taking into account additional costs of subsea cables across the North Sea and corresponding reinforcements of the mainland grid. The study also shows the importance of giving interconnectors access to capacity markets across borders to obtain as low cost as possible for firm capacity in a future European system dominated by variable renewable production
Client
  • Norges forskningsråd / 228714
  • Norges forskningsråd / 193818
Language
English
Author(s)
Affiliation
  • Norwegian University of Science and Technology
  • SINTEF Energy Research / Energisystemer
  • SINTEF Energy Research / Stab
Year
2015
Published in
International Conference on the European Energy Market
ISSN
2165-4093
Publisher
IEEE Press
Book
12th International conference on the European Energy Market, EEM 2015
Booklet
2015
ISBN
978-1-4673-6691-5