The University of Southampton
University of Southampton Institutional Repository

Valuing the flexibility of alternative sources of power generation

Chapman, Chris and Ward, Stephen (1996) Valuing the flexibility of alternative sources of power generation Energy Policy, 24, (2), pp. 129-136. (doi:10.1016/0301-4215(95)00078-X).

Record type: Article

Abstract

Solar and other renewable technologies can provide increments to an existing energy system which are small in capacity with a short lead time. Such power generation units provide more flexibility in incremental provision than large, long lead time units such as nuclear power stations. However, small, short lead time units are not normally given explicit credit for the flexibility these attributes provide. This additional flexibility can be valued by assessing the costs arising from the relative inflexibility of large, long lead time units. Numerical examples illustrate the proposed approach and the scale of the values involved. Failure to consider such values provides a built-in bias against the selection of sources of energy available as units with a small capacity, short lead time, and other flexibility attributes, including mobility and modularity. The approach outlined in this paper can eliminate this bias in a manner which is transparent and open to effective sensitivity analysis.

Full text not available from this repository.

More information

Published date: 1996
Keywords: renewables, selection bias, flexibility

Identifiers

Local EPrints ID: 35679
URI: http://eprints.soton.ac.uk/id/eprint/35679
ISSN: 0301-4215
PURE UUID: 475eb7b1-b482-402e-b8b0-cae05c5dc3d5

Catalogue record

Date deposited: 01 Aug 2006
Last modified: 17 Jul 2017 15:47

Export record

Altmetrics

Contributors

Author: Chris Chapman
Author: Stephen Ward

University divisions

Download statistics

Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.

View more statistics

Atom RSS 1.0 RSS 2.0

Contact ePrints Soton: eprints@soton.ac.uk

ePrints Soton supports OAI 2.0 with a base URL of http://eprints.soton.ac.uk/cgi/oai2

This repository has been built using EPrints software, developed at the University of Southampton, but available to everyone to use.

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive cookies on the University of Southampton website.

×