Alternative and Sustainable Energy Intermittent Energy Resources for Electricity Markets Federico S....
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Alternative and Sustainable Energy
Intermittent Energy Resources for Electricity
MarketsFederico S. Fische
30th USAEE/IAEE North America Conference - October 2011
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Alternative and Sustainable Energy
The Old Model
•Vertically Integrated Monopoly
•Central Infrastructure Planning
•Government Price Policy
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Alternative and Sustainable Energy
Restructured Model
•Oligopolistic Franchises
• Infrastructure Planning “by Contract”
•Regulated Price
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Alternative and Sustainable Energy
Current Value Chain
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Alternative and Sustainable Energy
Value Chain Characteristics
•Regulatory framework• Infrastructure development tailored to
resources and profitable market segments•Self-serving price mechanism, at first•Fight/Adapt to Regulated Price, later•Consumer = Meter Count
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Alternative and Sustainable Energy
Three Pillars of the Perfect Market
•Regulation
• Infrastructure
•Certainty
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Alternative and Sustainable Energy
The Intermittent issue – Adapt or else
•Capital Investment Needs
•Availability and Dispatch effectiveness
•Price Parity and certainty
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Alternative and Sustainable Energy
Demystify Capital Uncertainties (2016)
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Alternative and Sustainable Energy
No all Renewables are created equal
•Renewable Energy Technology Characterization (TR-109496, Dec 1997) shows that biomass, biofuels, modern hydro and geothermal source have similar availability and dispatch effectiveness (intermittency) than traditional resources, like nuclear and fossil fuels.
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Alternative and Sustainable Energy
The Real Challenge
We should focus on how to adapt the system to the nature of power resources
and changes in technology, doing the opposite is a virtually impossible.
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Alternative and Sustainable Energy
Framework for New Market Design
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Alternative and Sustainable Energy
New Value Chain
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Alternative and Sustainable Energy
Looking ForwardThe success of renewable and efficient energy requires a change in the energy
market culture, an understanding of the new dynamics that renewables bring in the market, the adoption of multi-level
solutions and strategies that are responsive to our energy challenges and
the environmental impact of energy generation in our ecosystem