Mini-Symposium Energy Systems (KU Leuven)
by IEEE Distinguished Lecturer prof. Pierluigi Mancarella (University of Melbourne) and dr. Marten Ovaere (Yale)
The IEEE Benelux chapter PELS/IAS/PES organizes a mini-symposium with two experts on energy system
IEEE PES distinguished lecture hosted by KU Leuven
This event comprises two lectures about integrated energy systems:
1) Flexibility, Reliability and Resilience in Integrated Energy Systems by prof. Pierluigi Mancarella (university of Melbourne, Australia)
The aim of this IEEE Power and Energy Society Distinguished Lecture is to discuss the main concepts about provision of power system flexibility and grid services from the so-called multi-energy systems (MES) whereby electricity interacts with other energy vectors and sectors such as heating, cooling, transport, gas, hydrogen, etc. Specific use cases and applications, covering technical, commercial and regulatory aspects, will refer to a number of recent projects in the UK, Europe and Australia. These include ongoing work with electricity and gas system operators, transmission and distribution network operators, and energy regulators to address how MES could support an affordable, reliable and resilient development of low-carbon electricity and gas grids with deep penetration of renewable energy sources. Longer-term potential energy futures that envision electricity-hydrogen systems with renewables penetration (much) greater than 100% will also be discussed.
2) The Heterogeneous Value of Solar and Wind Energy: Empirical Evidence from the United States and Europe by dr. Marten Ovaere (Yale university, USA)
We develop a methodology to quantify the marginal costs and benefits of intermittent renewables in all stages of the electricity supply chain. Using an extensive and novel hourly 2014-2018 dataset, we estimate the marginal value of solar and wind generation in all liberalized electricity markets in the United States and nine European countries, covering around a third of installed worldwide renewable capacity. We find considerable heterogeneity between countries, which implies that investment focused on high-value regions would have increased annual surplus by 5 to 13 billion dollars. In most of Europe, the estimated value of utility-scale solar is below its cost, while it is above its cost for wind. In all U.S. regions, the estimated values of solar and wind are above their costs. We also find that a percentage point increase in the share of renewable generation decreases its total value by more than $1.5 per MWh. Lastly, if we were to replace current feed-in and net-metering policies for distributed solar generation with a tariff equal to its value to the electricity system, investment in distributed solar would decrease significantly in almost all regions.
Date and Time
Location
Hosts
Registration
- Date: 17 Dec 2019
- Time: 04:00 PM to 06:30 PM
- All times are (UTC+01:00) Amsterdam
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- Kasteelpark Arenberg 10
- Heverlee, Unknown
- Belgium 3001
- Building: ESAT
- Room Number: Auditorium R
- Click here for Map
- Starts 27 November 2019 09:28 PM
- Ends 16 December 2019 09:28 PM
- All times are (UTC+01:00) Amsterdam
- No Admission Charge
Speakers
Pierluigi Mancarella of Melbourne University, Australia
Flexibility, Reliability and Resilience in Integrated Energy Systems
The aim of this IEEE Power and Energy Society Distinguished Lecture is to discuss the main concepts about provision of power system flexibility and grid services from the so-called multi-energy systems (MES) whereby electricity interacts with other energy vectors and sectors such as heating, cooling, transport, gas, hydrogen, etc. Specific use cases and applications, covering technical, commercial and regulatory aspects, will refer to a number of recent projects in the UK, Europe and Australia. These include ongoing work with electricity and gas system operators, transmission and distribution network operators, and energy regulators to address how MES could support an affordable, reliable and resilient development of low-carbon electricity and gas grids with deep penetration of renewable energy sources. Longer-term potential energy futures that envision electricity-hydrogen systems with renewables penetration (much) greater than 100% will also be discussed.
Biography:
Pierluigi Mancarella is Chair Professor of Electrical Power Systems at The University of Melbourne, Australia, and Professor of Smart Energy Systems at The University of Manchester, UK. He received the MSc and PhD degrees from the Politecnico di Torino, Italy, worked as a post-doc at Imperial College London, UK, and held visiting positions in the US (NREL), France (Ecole Centrale de Lille), Chile (University of Chile), and China (Tsinghua University). His research interests include multi-energy systems, energy system planning under uncertainty, and reliability and resilience of future networks. He has been involved in/led more than 50 research projects worldwide and actively engaged with energy policy in Europe and Australia. Pierluigi is author of several books and of over 200 research publications, an Editor of the IEEE Transactions on Power Systems and of the IEEE Transactions on Smart Grid, the convenor of the Cigre C6/C2.34 Working Group on “Flexibility from distributed energy resources”, and an IEEE Power and Energy Society Distinguished Lecturer. Pierluigi was awarded the 2017 veski Innovation Fellowship by the Victorian Government of Australia for his “FlexCity” project on multi-energy urban virtual power plants, and an international Newton Prize 2018 for his UK-Chile Newton-Picarte project on power system resilience.
Marten Ovaere of Yale University, New Haven, CT
The Heterogeneous Value of Solar and Wind Energy: Empirical Evidence from the United States and Europe
We develop a methodology to quantify the marginal costs and benefits of intermittent renewables in all stages of the electricity supply chain. Using an extensive and novel hourly 2014-2018 dataset, we estimate the marginal value of solar and wind generation in all liberalized electricity markets in the United States and nine European countries, covering around a third of installed worldwide renewable capacity. We find considerable heterogeneity between countries, which implies that investment focused on high-value regions would have increased annual surplus by 5 to 13 billion dollars. In most of Europe, the estimated value of utility-scale solar is below its cost, while it is above its cost for wind. In all U.S. regions, the estimated values of solar and wind are above their costs. We also find that a percentage point increase in the share of renewable generation decreases its total value by more than $1.5 per MWh. Lastly, if we were to replace current feed-in and net-metering policies for distributed solar generation with a tariff equal to its value to the electricity system, investment in distributed solar would decrease significantly in almost all regions.
Biography:
Marten Ovaere is a Postdoctoral Associate at Yale University. He obtained a PhD in Economics at KU Leuven and has a background in both energy engineering and economics. He is specialized in the economics and regulation of electricity markets and electricity networks, with a focus on electricity reliability and renewable energy.
Agenda
Programme:
16h00-16h45: prof. Pierluigi Mancarella - Flexibility, Reliability and Resilience in Integrated Energy Systems
16h45 – 17h30: Dr. Marten Ovaere - The Heterogeneous Value of Solar and Wind Energy: Empirical Evidence from the United States and Europe
17h30 – 18h30: Closing reception