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Publications

Publications by CPES

2015

Profitability measures and cost minimization in electricity generation investments

Authors
Campos, FA; Villar, J; Cervilla, C;

Publication
International Conference on the European Energy Market, EEM

Abstract
Net Present Value (NPV), Weighted Average Cost of Capital (WACC), Internal Rate of Return (IRR), and Total-Life Cost of Capital (TLCC) are economic concepts widely used in capital budgeting to measure and compare the profitability of investments. More specifically, in the electricity sector these measures, with the Levelized Cost of Energy (LCOE), are very often used to assess investments in generation assets. At the same time, electricity generation models based on mathematical programming and game theory have also been developed to determine optimal expansion plans of the generation capacity for long-term horizons. Though these two techniques have both been applied in the literature to assess generation investments in the electricity sector, taking into account, among others, investment, maintenance and operation costs, their mathematical relationships have been rarely reported or even understood. Here we provide some insight on the mathematical links existing between both approaches. © 2015 IEEE.

2015

Bi-level optimization of electricity tariffs and PV distributed generation investments

Authors
Cervilla, C; Villar, J; Campos, FA;

Publication
International Conference on the European Energy Market, EEM

Abstract
Distributed Generation (DG) is providing end consumers the possibility to satisfy part of their electricity consumption by using their own small-scale power generators. To regulate DG, new regulation schemes are needed, being net metering one of the most used. However, regulators appreciate that net metering could jeopardize the incomes to cover the regulated activities' cost. This paper proposes a mathematical bi-level model to obtain the evolution of the access tariffs and their corresponding incomes needed to cover the regulated costs, as well as the optimal DG investment of the consumers under a net metering regulation, in a simplified framework. © 2015 IEEE.

2015

Optimal planning and operation of distributed energy resources considering uncertainty on EVs

Authors
Martin, F; Sanchez Miralles, A; Villar, J; Calvillo, CF; Soder, L;

Publication
2015 IEEE 1st International Smart Cities Conference, ISC2 2015

Abstract
Operation of distributed energy resources is taking importance nowadays. This paper proposes an optimal planning and operation model of distributed energy resources in a district taking into account the mobility of consumers using conventional fuel vehicles (FV) or electric vehicles (EV). The stochastic model considers the uncertainty of the type of vehicle, availability and distance traveled, and then it manages the available resources to obtain the maximum benefit from the grid. Results show that the EVs assist to achieve greater benefits of the distributed resources. Moreover, the costs per driven km are mainly independent of the type of vehicle considered. © 2015 IEEE.

2015

Grid harmonic impact of multiple electric vehicle fast charging

Authors
Lucas A.; Bonavitacola F.; Kotsakis E.; Fulli G.;

Publication
Electric Power Systems Research

Abstract
Fast charging is perceived by users as a preferred method for extending the average daily mobility of electric vehicles (EV). The rated power of fast chargers, their expected operation during peak hours, and clustering in designated stations, raise significant concerns. On one hand it raises concerns about standard requirements for power quality, especially harmonic distortion due to the use of power electronics connecting to high loads, typically ranging from 18 to 24 kW h. On the other hand, infrastructure dimensioning and design limitations for those investing in such facilities need to be considered. Four sets of measurements were performed during the complete charging cycle of an EV, and individual harmonic's amplitude and phase angles behaviour were analysed. In addition, the voltage and current total harmonic distortion (THD) and Total Demand Distortion (TDD) were calculated and the results compared with the IEEE519, IEC 61000/EN50160 standards. Additionally, two vehicles being fast charged while connected to the same feeder were simulated and an analysis was carried out on how the harmonic phase angles would relate. The study concluded that the use of TDD was a better indicator than THD, since the former uses the maximum current (IL) and the latter uses the fundamental current, sometimes misleading conclusions, hence it is suggested it should be included in IEC/EN standard updates. Voltage THD and TDD for the charger analysed, were within the standard's limits of 1.2% and 12% respectively, however individual harmonics (11th and 13th) failed to comply with the 5.5% limit in IEEE 519 (5% and 3% respectively in IEC61000). Phase angles tended to have preferential range differences from the fundamental wave. It was found that the average difference between the same harmonic order phase angles was lower than 90°, meaning that when more than one vehicle is connected to the same feeder the amplitudes will add. Since the limits are dependable on the upstream short circuit current (ISC), if the number of vehicles increases (i.e. IL), the standard limits will decrease and eventually be exceeded. The harmonic limitation is hence the primary binding condition, certainly before the power limitation. The initial limit to the number of chargers is not the power capacity of the upstream power circuit but the harmonic limits for electricity pollution.

2015

Not all low-carbon energy pathways are environmentally "no-regrets" options

Authors
Konadu D.D.; Mourão Z.S.; Allwood J.M.; Richards K.S.; Kopec G.M.; McMahon R.A.; Fenner R.A.;

Publication
Global Environmental Change

Abstract
Energy system pathways which are projected to deliver minimum possible deployment cost, combined with low Greenhouse Gas (GHG) emissions, are usually considered as 'no-regrets' options. However, the question remains whether such energy pathways present 'no-regrets' when also considering the wider environmental resource impacts, in particular those on land and water resources. This paper aims to determine whether the energy pathways of the UK's Carbon Plan are environmental "no-regrets" options, defined in this study as simultaneously exhibiting low impact on land and water services resulting from resource appropriation for energy provision. This is accomplished by estimating the land area and water abstraction required by 2050 under the four pathways of the Carbon Plan with different scenarios for energy crop composition, yield, and power station locations. The outcomes are compared with defined limits for sustainable land appropriation and water abstraction.The results show that of the four Carbon Plan pathways, only the "Higher Renewables, more energy efficiency" pathway is an environmental "no-regrets" option, and that is only if deployment of power stations inland is limited. The study shows that policies for future low-carbon energy systems should be developed with awareness of wider environmental impacts. Failing to do this could lead to a setback in achieving GHG emission reductions goals, because of unforeseen additional competition between the energy sector and demand for land and water services in other sectors.

2015

Land use implications of future energy system trajectories-The case of the UK 2050 Carbon Plan

Authors
Konadu D.D.; Mourão Z.S.; Allwood J.M.; Richards K.S.; Kopec G.; McMahon R.; Fenner R.;

Publication
Energy Policy

Abstract
The UK's 2008 Climate Change Act sets a legally binding target for reducing territorial greenhouse gas emissions by 80% by 2050, relative to 1990 levels. Four pathways to achieve this target have been developed by the Department of Energy and Climate Change, with all pathways requiring increased us of bioenergy. A significant amount of this could be indigenously sourced from crops, but will increased domestic production of energy crops conflict with other agricultural priorities?To address this question, a coupled analysis of the UK energy system and land use has been developed. The two systems are connected by the production of bioenergy, and are projected forwards in time under the energy pathways, accounting for various constraints on land use for agriculture and ecosystem services. The results show different combinations of crop yield and compositions for the pathways lead to the appropriation of between 7% and 61% of UK's agricultural land for bioenergy production. This could result in competition for land for food production and other land uses, as well as indirect land use change in other countries due to an increase in bioenergy imports. Consequently, the potential role of bioenergy in achieving UK emissions reduction targets may face significant deployment challenges.

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