California's renewable generation and pumped hydro storage's profitability

Yun LIU, Chi Keung WOO

Research output: Contribution to journalArticles

1 Citation (Scopus)

Abstract

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.
Original languageEnglish
Pages (from-to)15-22
JournalThe Electricity Journal
Volume30
Issue number3
Early online dateMar 2017
DOIs
Publication statusPublished - Apr 2017

Citation

Liu, Y., & Woo, C. K. (2017). California's renewable generation and pumped hydro storage's profitability. The Electricity Journal, 30(3), 15-22.

Keywords

  • Investment incentive
  • Renewable generation
  • Pumped hydro storage
  • California

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