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Jaeho Lee
Research Institute for Solar and Sustainable Energies, Gwangju Institute of Science and Technology, 123 Cheomdangwagi-ro, Buk-gu, Gwangju 61005, Korea

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Journal article
Published: 20 April 2019 in Applied Sciences
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As renewable energy penetration in power systems grows, adequate energy policies are needed to support the system’s operations with flexible resources and to adopt more sustainable energies. A peak-biased incentive for energy storage systems (ESS) using the Korean renewable portfolio standard could make power system operations more difficult. For the first time in the research, this study evaluates the effect of imposing a renewable energy certificate incentive in off-peak periods on mitigating wind power fluctuations. We design a coordinated model of a wind farm with an ESS to model the behavior of wind farm operators. Optimization problems are formulated as mixed integer linear programming problems to test the implementation of revenue models under Korean policy. These models are designed to consider additional incentives for discharging the ESS during off-peak periods. The effects of imposing the incentives on wind power fluctuations are evaluated using the magnitude of the renewable energy certificate (REC) multiplier.

ACS Style

Woong Ko; Jaeho Lee; Jinho Kim. The Effect of a Renewable Energy Certificate Incentive on Mitigating Wind Power Fluctuations: A Case Study of Jeju Island. Applied Sciences 2019, 9, 1647 .

AMA Style

Woong Ko, Jaeho Lee, Jinho Kim. The Effect of a Renewable Energy Certificate Incentive on Mitigating Wind Power Fluctuations: A Case Study of Jeju Island. Applied Sciences. 2019; 9 (8):1647.

Chicago/Turabian Style

Woong Ko; Jaeho Lee; Jinho Kim. 2019. "The Effect of a Renewable Energy Certificate Incentive on Mitigating Wind Power Fluctuations: A Case Study of Jeju Island." Applied Sciences 9, no. 8: 1647.