On the Economics of Ramping Rate Restrictions at Hydro Power Plants: Balancing Profitability and Environmental Costs

التفاصيل البيبلوغرافية
العنوان: On the Economics of Ramping Rate Restrictions at Hydro Power Plants: Balancing Profitability and Environmental Costs
المؤلفون: Shilei Niu, Margaret Insley
المصدر: University of Waterloo, Department of Economics, Working Papers.
الوصف: This paper examines the impact of ramping rate restrictions imposed on hydro operations to protect aquatic ecosystems. A dynamic optimization model of the profit maximizing decisions of a hydro operator is solved for various restrictions on water flow, using data for a representative hydro operation in Ontario. Profits are negatively affected, but for a range of restrictions the impact is not large. Ramping restrictions cause a redistribution of hydro production over a given day, which can result in an increase in total hydro power produced. This affects the need for power from other sources with consequent environmental impacts.
Original Identifier: 1017
نوع الوثيقة: redif-paper
اللغة: English
الإتاحة: https://ideas.repec.org/p/wat/wpaper/1017.html
رقم الأكسشن: edsrep.p.wat.wpaper.1017
قاعدة البيانات: RePEc