Assessing the Value of Subsidizing Large CHP Plants
2018 15th International Conference on the European Energy Market (EEM 2018) 2018
Kārlis Baltputnis, Zane Broka, Antans Sauļus Sauhats

This paper explores the impact of large natural-gas-fired combined heat and power plants on electricity price in the Latvian bidding area of the Nord Pool power exchange. While these power plants sell the electricity generated in an energy-only market, they also benefit from state aid in the form of capacity payments. Therefore, the financial feasibility of their continued operation with varying degrees of support is also explored. The case study is based on the two largest cogeneration plants in Latvia which are both recipients of capacity payments. It was found that the participation of these plants in the day-ahead market can have a limiting effect on the electricity price in the Latvian bidding area; however, the support awarded to both power plants can be reduced while still maintaining their competitiveness in the energy-only market.


Atslēgas vārdi
Capacity payment, CHP, Electricity market, Long-term modeling, State support
DOI
10.1109/EEM.2018.8469816
Hipersaite
https://ieeexplore.ieee.org/document/8469816

Baltputnis, K., Broka, Z., Sauhats, A. Assessing the Value of Subsidizing Large CHP Plants. No: 2018 15th International Conference on the European Energy Market (EEM 2018), Polija, Lodz, 27.-29. jūnijs, 2018. Piscataway: IEEE, 2018, 488.-492.lpp. ISBN 978-1-5386-1489-1. e-ISBN 978-1-5386-1488-4. e-ISSN 2165-4093. Pieejams: doi:10.1109/EEM.2018.8469816

Publikācijas valoda
English (en)
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