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Publikācija: Assessing the Value of Subsidizing Large CHP Plants

Publication Type Full-text conference paper published in conference proceedings indexed in SCOPUS or WOS database
Funding for basic activity National Research Programme
Defending: ,
Publication language English (en)
Title in original language Assessing the Value of Subsidizing Large CHP Plants
Field of research 2. Engineering and technology
Sub-field of research 2.2 Electrical engineering, Electronic engineering, Information and communication engineering
Authors Kārlis Baltputnis
Zane Broka
Antans Sauļus Sauhats
Keywords Capacity payment, CHP, Electricity market, Long-term modeling, State support
Abstract 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.
DOI: 10.1109/EEM.2018.8469816
Hyperlink: https://ieeexplore.ieee.org/document/8469816 
Reference Baltputnis, K., Broka, Z., Sauhats, A. Assessing the Value of Subsidizing Large CHP Plants. In: 2018 15th International Conference on the European Energy Market (EEM 2018), Poland, Lodz, 27-29 June, 2018. Piscataway: IEEE, 2018, pp.488-492. ISBN 978-1-5386-1489-1. e-ISBN 978-1-5386-1488-4. e-ISSN 2165-4093. Available from: doi:10.1109/EEM.2018.8469816
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ID 27565