One of the major tools for the implementation of low carbon strategy goals is increasing the penetration of renewable sources, which are mostly intermittent in nature, into the power system that also increases the needs for additional storage and flexibility capacity in the system. Among other possible solutions, one very most promising tool is the significant electrification of the transport sector. A slightly modified and already verified power system model used for Croatian low-carbon strategy was used here. The PLEXOS software was used to model the Croatian power system by simulating different scenarios. Two scenarios were examined: with and without electric vehicles. This research aimed to evaluate the total decrease in CO₂ emissions from both the transport and power sectors due to the increased number of electrical vehicles. The analysis of the Croatian power system was used to assess the flexibility potential of such a large number of electrical vehicles on power system flexibility while considering the volatile nature of wind and solar. Additionally, a question regarding solar availability and simultaneous low-availability of parked electrical vehicles was also examined.

The crucial design elements of a good capacity remuneration mechanism are market orientation, insurance of long-term power system adequacy, and optimal cross-border generation capacity utilization. Having in mind these design elements, this research aims to propose a financially fair pricing mechanism that will guarantee enough new capacity and will not present state aid. The proposed capacity remuneration mechanism is an easy-to-implement linear program problem presented in its primal and dual form. The shadow prices in the primal problem and dual variables in the dual problem are used to calculate the prices of firm capacity which is capacity needed for long-term power system adequacy under capacity remuneration mechanism. In order to test if the mechanism ensures sufficient new capacity under fair prices, the mechanism is tested on the European Network of Transmission System Operators for Electricity (ENTSO-E) regional block consisting of Austria, Slovenia, Hungary, and Croatia with simulation conducted for a period of one year with a one-hour resolution and for different scenarios of the credible critical events from a standpoint of security of supply; different amounts of newly installed firm capacity; different short-run marginal costs of newly installed firm capacity; and different capacity factors of newly installed firm capacity. Test data such as electricity prices and electricity load are referred to the year 2018. The results show that the worst-case scenario for Croatia is an isolated system scenario with dry hydrology that results with high values of indicators expected energy not served (EENS), loss of load expectation (LOLE), and loss of load probability (LOLP) for Croatia. Therefore, new capacity of several hundred MW is needed to stabilize these indicators at lower values. Price for that capacity depends on the range of installed firm capacity and should be in range of 1000–7000 €/MW/year for value of lost load (VoLL) in Croatia of 1000 €/MWh and 3000–22,000 €/MW/year for VoLL of 3100 €/MWh that correlates with prices from already established capacity markets. The presented methodology can assist policymakers, regulators, and market operators when determining capacity remuneration mechanism rules and both capacity and price caps. On the other hand, it can help capacity market participants to prepare the most suitable and near-optimal bids on capacity markets.

Wind power varies over time and variations occur on all time scales, mainly under the influence of meteorological fluctuations. Understanding these variations and their predictability is of key importance for integration and optimal utilisation of wind in the power system. There are two major attributes of variable renewable generation that notably impact the participation on power exchanges: variability and uncertainty. Due to variability and uncertainty, wind plants cannot participate in the electricity market, especially on the power exchanges. This paper will present a techno-economic analysis of work of wind plants together with a combined cycle gas turbine power plant as support for offering continuous power to the electricity market. This work presents a model of electricity production from wind farms and a combined cycle gas turbine power plant developed in the programming tool called PLEXOS. Real hourly input data and all characteristics of combined cycle gas turbine power plant were used in the model. A detailed analysis of techno-economic characteristics of ramp rates and different types of starts and stops of the plant was made. The main motivation for this analysis is to investigate both technical and economical possibilities for an investor to participate in the power exchanges by offering continuous guaranteed power from wind plants by backing them up with a combined cycle gas turbine power plant. KEYWORDS Combined cycle gas turbine plant, Wind plant, Wind power balancing, PLEXOS model, Power plant ramp rate, Power plant start-up regime, Optimisation time resolution.

Wind power varies over time, mainly under the influence of meteorological fluctuations. The variations occur on all time scales. Understanding these variations and their predictability is of key importance for the integration and optimal utilization of wind in the power system. There are two major attributes of variable generation that notably impact the participation on power exchanges: Variability (the output of variable generation changes and resulting in fluctuations in the plant output on all time scales) and Uncertainty (the magnitude and timing of variable generation output is less predictable, wind power output has low levels of predictability). Because of these variability and uncertainty wind plants cannot participate to electricity market, especially to power exchanges. For this purpose, the paper presents techno-economic analysis of work of wind plants together with combined cycle gas turbine (CCGT) plant as support for offering continues power to electricity market. A model of wind farms and CCGT plant was developed in program PLEXOS based on real hourly input data and all characteristics of CCGT with especial analysis of techno-economic characteristics of different types of starts and stops of the plant.The Model analyzes the followings: costs of different start-stop characteristics (hot, warm, cold start-ups and shutdowns) and part load performance of CCGT. Besides the costs, the technical restrictions were considered such as start-up time depending on outage duration, minimum operation time, and minimum load or peaking capability.For calculation purposes, the following parameters are necessary to know in order to be able to economically evaluate changes in the start-up process: ramp up and down rate, time of start time reduction, fuel mass flow during start, electricity production during start, variable cost of start-up process, cost and charges for life time consumption for each start and start type, remuneration during start up time regarding expected or unexpected starts, the cost and revenues for balancing energy (important when participating in electricity market), and the cost or revenues for CO2-certificates. Main motivation for this analysis is to investigate possibilities to participate on power exchanges by offering continues guarantied power from wind plants by backing-up them with CCGT power plant.