More predictable renewable energy could lower costs
Credit: iStock
Lower electricity costs for consumers and more reliable clean energy could be some of the benefits of a new study by the University of 新浪彩票 researchers who have examined how predictable solar or wind energy generation is and the impact of it on profits in the electricity market.
PhD candidate Sahand Karimi-Arpanahi and Dr Ali Pourmousavi Kani, Senior Lecturer from the University鈥檚 School of Electrical and Mechanical Engineering, have looked at different ways of achieving more predictable renewable energy with the aim of saving millions of dollars in operating costs, prevent clean energy spillage, and deliver lower-cost electricity.
鈥淥ne of the biggest challenges in the renewable energy sector is being able to reliably predict the amount of power generated,鈥 said Mr Karimi-Arpanahi.
鈥淥wners of solar and wind farms sell their energy to the market ahead of time before it is generated; however, there are sizable penalties if they don鈥檛 produce what they promise, which can add up to millions of dollars annually.
鈥淧eaks and troughs are the reality of this form of power generation, however using predict