An analysis of 860 daily observations finds that rising renewable generation does not significantly diminish a pumped hydro storage system's daily operating profits from energy sales at the day-head and real-time market prices. The system, however, faces severely inadequate investment incentive because its annual operating profit can hardly pay for its annual fixed cost. Copyright © 2017 Elsevier Inc. All rights reserved.
CitationLiu, Y., & Woo, C. K. (2017). California's renewable generation and pumped hydro storage's profitability. The Electricity Journal, 30(3), 15-22.
- Investment incentive
- Renewable generation
- Pumped hydro storage