BEGIN:VCALENDAR VERSION:2.0 PRODID:IEEE vTools.Events//EN CALSCALE:GREGORIAN BEGIN:VTIMEZONE TZID:US/Eastern BEGIN:DAYLIGHT DTSTART:20210314T030000 TZOFFSETFROM:-0500 TZOFFSETTO:-0400 RRULE:FREQ=YEARLY;BYDAY=2SU;BYMONTH=3 TZNAME:EDT END:DAYLIGHT BEGIN:STANDARD DTSTART:20211107T010000 TZOFFSETFROM:-0400 TZOFFSETTO:-0500 RRULE:FREQ=YEARLY;BYDAY=1SU;BYMONTH=11 TZNAME:EST END:STANDARD END:VTIMEZONE BEGIN:VEVENT DTSTAMP:20220329T212740Z UID:1C5C3898-8791-4817-8BFF-5F01DDEB0D37 DTSTART;TZID=US/Eastern:20210817T114500 DTEND;TZID=US/Eastern:20210817T130000 DESCRIPTION:Abstract:\n\nThe rapid increase of renewable generation and its anticipated continued growth requires greater operational flexibility in modern power systems. One of the methods to increase flexibility in the ge neration side is to enhance existing generators such as combined-cycle nat ural gas power plants which\, are widely used. Potential flexibility upgra des to existing thermal plants include modifications that enable faster ra mp rates\, increase maximum load levels\, decrease minimum load levels\, a nd provide faster and lower cost startup operations. This research analyze s the effect that specific flexibility upgrades have on the operation of e xisting natural gas power plants and the value associated with these enhan cements. In this research\, we apply a unit commitment model to analyze th e impact that each specific upgrade has on their operational dynamics and profitability from both the system perspective and from the asset owner pe rspective.\n\nThe research publication\, The Impacts of Distinct Flexibili ty Enhancements on the Value and Dynamics of Natural Gas Power Plant Opera tions\, is available on [IEEE Xplore](https://www.linkedin.com/company/iee e-xplore/) as an Early Access paper\, [The Impacts of Distinct Flexibility Enhancements on the Value and Dynamics of Natural Gas Power Plant Operati ons | IEEE Journals & Magazine | IEEE Xplore](https://ieeexplore.ieee.org/ abstract/document/9442870?casa_token=StBxY3MHGGoAAAAA:jd9KpVJbEtEZKh25rezX v99IaES4Q0BGr7u2rB5rEAm1mxxcBCsQtK_UGchZ6kLb185qR9EM1Q).\n\nKey takeaways: \n\n- Enhancing combined cycle plant flexibility DOES reduce system operat or and consumer cost while maintaining system reliability\n- Enhancing fle xibility DOES increase unit owner net revenue (profit)\n- Benefits of flex ibility DEPEND on: type of flexibility enhancement\, current unit capacity factor\, and unit historical usage pattern\n- Implementing multiple types of flexibility simultaneously on a given power plant is more valuable tha n the sum of individual enhancements\n- The greater the share of non-dispa tchable wind and solar capacity on the grid\, the greater the value of com bined cycle plant flexibility\n- Market designers should consider addition al market mechanisms and incentives for existing generators to invest in i ncreased flexibility\n\nSpeaker(s): Anupam Narula\, Bob Bellis\n\nAgenda: \n11:30 Check-in and Presentation Technology Check\n\n11:45 Presentation\n \n12:45 Q&A\n\nAtlanta\, Georgia\, United States\, Virtual: https://events .vtools.ieee.org/m/278042 LOCATION:Atlanta\, Georgia\, United States\, Virtual: https://events.vtools .ieee.org/m/278042 ORGANIZER:AtlantaPES10@gmail.com SEQUENCE:6 SUMMARY:The Impacts of Flexibility Enhancements on the Value of Gas Plant O perations URL;VALUE=URI:https://events.vtools.ieee.org/m/278042 X-ALT-DESC:Description: <br /><p><u>Abstract:</u></p>\n<p>The rapid increas e of renewable generation and its anticipated continued growth requires gr eater operational flexibility in modern power systems. One of the methods to increase flexibility in the generation side is to enhance existing gene rators such as combined-cycle natural gas power plants which\, are widely used. Potential flexibility upgrades to existing thermal plants include mo difications that enable faster ramp rates\, increase maximum load levels\, decrease minimum load levels\, and provide faster and lower cost startup operations. This research analyzes the effect that specific flexibility up grades have on the operation of existing natural gas power plants and the value associated with these enhancements. In this research\, we apply a un it commitment model to analyze the impact that each specific upgrade has o n their operational dynamics and profitability from both the system perspe ctive and from the asset owner perspective.</p>\n<p>The research publicati on\, <em>The Impacts of Distinct Flexibility Enhancements on the Value and Dynamics of Natural Gas Power Plant Operations</em>\, is available on&nbs p\;<a href="https://www.linkedin.com/company/ieee-xplore/">IEEE Xplore</a> &nbsp\;as an Early Access paper\, <a href="https://ieeexplore.ieee.org/abs tract/document/9442870?casa_token=StBxY3MHGGoAAAAA:jd9KpVJbEtEZKh25rezXv99 IaES4Q0BGr7u2rB5rEAm1mxxcBCsQtK_UGchZ6kLb185qR9EM1Q">The Impacts of Distin ct Flexibility Enhancements on the Value and Dynamics of Natural Gas Power Plant Operations | IEEE Journals &amp\; Magazine | IEEE Xplore</a>.</p>\n <p>&nbsp\;</p>\n<p><u>Key takeaways:</u></p>\n<ul>\n<li>Enhancing combined cycle plant flexibility DOES reduce system operator and consumer cost whi le maintaining system reliability</li>\n<li>Enhancing flexibility DOES inc rease unit owner net revenue (profit)</li>\n<li>Benefits of flexibility DE PEND on: type of flexibility enhancement\, current unit capacity factor\, and unit historical usage pattern</li>\n<li>Implementing multiple types of flexibility simultaneously on a given power plant is more valuable than t he sum of individual enhancements</li>\n<li>The greater the share of non-d ispatchable wind and solar capacity on the grid\, the greater the value of combined cycle plant flexibility</li>\n<li>Market designers should consid er additional market mechanisms and incentives for existing generators to invest in increased flexibility</li>\n</ul><br /><br />Agenda: <br /><p>11 :30&nbsp\; Check-in and Presentation Technology Check</p>\n<p>11:45&nbsp\; Presentation</p>\n<p>12:45&nbsp\; Q&amp\;A</p>\n<p>&nbsp\;</p> END:VEVENT END:VCALENDAR