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Curtailment (electricity)
In electric grid power generators, curtailment is the deliberate reduction in output below what could have been produced in order to balance energy supply and demand or due to transmission constraints. The definition is not strict, and several types of curtailment exist. "Economic dispatch" (low market price) is the most common. Curtailment is a loss of potentially useful energy, and may impact power purchase agreements. However, utilizing all available energy may require costly methods such as building new power lines or storage, becoming more expensive than letting surplus power go unused. Examples After ERCOT built a new transmission line from the Competitive Renewable Energy Zone in West Texas to the central cities in the Texas Interconnection in 2013, curtailment was reduced from 8-16% to near zero.Wiser, Ryan H., and Mark Bolinger.2014 Wind Technologies Market Report page 38. ''Lawrence Berkeley National Laboratory'', August 2015. Curtailment of wind power in western China ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NREL
The National Renewable Energy Laboratory (NREL) in the US specializes in the research and development of renewable energy, energy efficiency, energy systems integration, and sustainable transportation. NREL is a federally funded research and development center sponsored by the Department of Energy and operated by the Alliance for Sustainable Energy, a joint venture between MRIGlobal and Battelle. Located in Golden, Colorado, NREL is home to the National Center for Photovoltaics, the National Bioenergy Center, and the National Wind Technology Center. History The Solar Energy Research, Development and Demonstration Act of 1974 established the Solar Energy Research Institute, which opened in 1977 and was operated by MRIGlobal. Under the Jimmy Carter administration, its activities went beyond research and development in solar energy as it tried to popularize knowledge about already existing technologies, like passive solar. During the Ronald Reagan administration the institute ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Solar Power In California
Solar power in California includes utility-scale solar power plants as well as local distributed generation, mostly from rooftop photovoltaics. It has been growing rapidly because of high insolation, community support, declining solar costs, and a Renewable Portfolio Standard which requires that 33% of California's electricity come from renewable resources by 2020, and 60% by 2030. Much of this is expected to come from solar power via Photovoltaics, photovoltaic facilities or concentrated solar power facilities. In 2019, the Solar Energy Industries Association (SEIA) reported a total of 27,400 MW of solar capacity installed (3,125 MW in 2019 alone), making up 20% of all electricity produced in the state. In October 2020, California ranked as the highest solar power generating state in the nation, producing enough solar capacity to power 8.4 million homes in the state. In 2020, SEIA estimated that California will increase its solar capacity by over 19,000 MW over the next five ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wind Power Forecasting
A wind power forecast corresponds to an estimate of the expected production of one or more wind turbines (referred to as a wind farm) in the near future, up to a year. Forecast are usually expressed in terms of the available power of the wind farm, occasionally in units of energy, indicating the power production potential over a time interval. Time scales of forecasts Forecasting of the wind power generation may be considered at different time scales, depending on the intended application: * ''very short-term'' forecasts (from seconds up to minutes) are used for the real-time turbine control and electrical grid management, as well as for market clearing; * ''short-term'' forecasts (from 30 minutes up to hours) are used for dispatch planning, intelligent load shedding decisions; * ''medium-term'' forecasts (from 6 hours up to a day) are used for to make decisions for switching the turbine on or off for safety or conditions on the market; * ''long-term'' forecasts (from a day up t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electricity Price Forecasting
Electricity price forecasting (EPF) is a branch of energy forecasting which focuses on predicting the spot and forward prices in wholesale electricity markets. Over the last 15 years electricity price forecasts have become a fundamental input to energy companies’ decision-making mechanisms at the corporate level. Since the early 1990s, the process of deregulation and the introduction of competitive electricity markets have been reshaping the landscape of the traditionally monopolistic and government-controlled power sectors. Throughout Europe, North America and Australia, electricity is now traded under market rules using spot and derivative contracts. However, electricity is a very special commodity: it is economically non-storable and power system stability requires a constant balance between production and consumption. At the same time, electricity demand depends on weather (temperature, wind speed, precipitation, etc.) and the intensity of business and everyday activities ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Energy Forecasting
Energy forecasting includes forecasting demand ( load) and price of electricity, fossil fuels (natural gas, oil, coal) and renewable energy sources (RES; hydro, wind, solar). Forecasting can be both expected price value and probabilistic forecasting. Background When electricity sectors were regulated, utility monopolies used short-term load forecasts to ensure the reliability of supply and long-term demand forecasts as the basis for planning and investing in new capacity. However, since the early 1990s, the process of deregulation and the introduction of competitive electricity markets have been reshaping the landscape of the traditionally monopolistic and government-controlled power sectors. In many countries worldwide, electricity is now traded under market rules using spot and derivative contracts. At the corporate level, electricity load and price forecasts have become a fundamental input to energy companies’ decision making mechanisms. The costs of over- or undercontract ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Battery Storage Power Station
A battery storage power station is a type of energy storage power station that uses a group of batteries to store electrical energy. Battery storage is the fastest responding dispatchable source of power on electric grids, and it is used to stabilise those grids, as battery storage can transition from standby to full power within milliseconds to deal with grid failures. At full rated power, battery storage power stations are generally designed to output for up to a few hours. Battery storage can be used for short-term peak power and ancillary services, such as providing operating reserve and frequency control to minimize the chance of power outages. They are often installed at, or close to, other active or disused power stations and may share the same grid connection to reduce costs. Since battery storage plants require no deliveries of fuel, are compact compared to generating stations and have no chimneys or large cooling systems, they can be rapidly installed and placed if n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Demand Response
Demand response is a change in the power consumption of an electric utility customer to better match the demand for power with the supply. Until the 21st century decrease in the cost of pumped storage and batteries electric energy could not be easily stored, so utilities have traditionally matched demand and supply by throttling the production rate of their power plants, taking generating units on or off line, or importing power from other utilities. There are limits to what can be achieved on the supply side, because some generating units can take a long time to come up to full power, some units may be very expensive to operate, and demand can at times be greater than the capacity of all the available power plants put together. Demand response seeks to adjust the demand for power instead of adjusting the supply. Utilities may signal demand requests to their customers in a variety of ways, including simple off-peak metering, in which power is cheaper at certain times of the day ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Duck Curve
The duck curve is a graph of power production over the course of a day that shows the timing imbalance between peak demand and renewable energy production. Used in utility-scale electricity generation, the term was coined in 2012 by the California Independent System Operator. Solar power In some energy markets, daily peak demand occurs after sunset, when solar power is no longer available. In locations where a substantial amount of solar electric capacity has been installed, the amount of power that must be generated from sources other than solar or wind displays a rapid increase around sunset and peaks in the mid-evening hours, producing a graph that resembles the silhouette of a duck.Paul Denholm, Matthew O'Connell, Gregory Brinkman, and Jennie Jorgenson.Overgeneration from Solar Energy in California: A Field Guide to the Duck Chart NREL/TP-6A20-65023. ''National Renewable Energy Laboratory'', November 2015 In Hawaii, significant adoption of solar generation has led to th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CNBC
CNBC (formerly Consumer News and Business Channel) is an American basic cable business news channel. It provides business news programming on weekdays from 5:00 a.m. to 7:00 p.m., Eastern Time, while broadcasting talk shows, investigative reports, documentaries, infomercials, reality shows, and other programs at all other times. Along with Fox Business and Bloomberg Television, it is one of the three major business news channels. It also operates a website and mobile apps, whereby users can watch the channel via streaming media, and which provide some content that is only accessible to paid subscribers. CNBC content is available on demand on smart speakers including Amazon Echo devices with Amazon Alexa, Google Home and app devices with Google Assistant, and on Apple Siri voice interfaces including iPhones. Many CNBC TV shows are available as podcasts for on-demand listening. Graphics are designed by Sweden-based Magoo 3D studios. CNBC is a divisi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Power Purchase Agreement
A power purchase agreement (PPA), or electricity power agreement, is a contract between two parties, one which generates electricity (the seller) and one which is looking to purchase electricity (the buyer). The PPA defines all of the commercial terms for the sale of electricity between the two parties, including when the project will begin commercial operation, schedule for delivery of electricity, penalties for under delivery, payment terms, and termination. A PPA is the principal agreement that defines the revenue and credit quality of a generating project and is thus a key instrument of project finance. There are many forms of PPA in use today and they vary according to the needs of buyer, seller, and financing counter parties. Contractual terms of a PPA may last anywhere between 5 and 20 years, during which time the power purchaser buys energy, and sometimes also capacity and/or ancillary services, from the electricity generator. Such agreements play a key role in the financin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Energy In California
Energy in California is a major area of the economy of California. California is the state with the largest population and the largest economy in the United States. It is second in energy consumption after Texas. , per capita consumption was the fourth-lowest in the United States partially because of the mild climate and energy efficiency programs. Energy consumption in California is dominated by transportation, due to the high number of motor vehicles and long commutes. California also is responsible for about 20% of total jet fuel consumption in the United States. The second largest energy sector is industry. Energy consumption of the state's residential sector per capita is lower than that of any other state except Hawaii thanks to a relatively mild climate. California has large energy resources, being among the top producers of oil, hydroelectricity, solar, biomass, and geothermal energy in the United States. Electricity Natural gas-fired power plants typically account ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
IEEE Spectrum
''IEEE Spectrum'' is a magazine edited by the Institute of Electrical and Electronics Engineers. The first issue of ''IEEE Spectrum'' was published in January 1964 as a successor to ''Electrical Engineering''. The magazine contains peer-reviewed articles about technology and science trends affecting business and society. In 2010, ''IEEE Spectrum'' was the recipient of ''Utne Reader'' magazine's Utne Independent Press Award for Science/Technology Coverage. In 2012, ''IEEE Spectrum'' was selected as the winner of the National Magazine Awards' "General Excellence Among Thought Leader Magazines" category. References External links * {{Official website, https://spectrum.ieee.org/ Monthly magazines published in the United States Science and technology magazines published in the United States Engineering magazines Spectrum A spectrum (plural ''spectra'' or ''spectrums'') is a condition that is not limited to a specific set of values but can vary, without gaps, across a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
