BEGIN:VCALENDAR VERSION:2.0 PRODID:-//Talks.cam//talks.cam.ac.uk// X-WR-CALNAME:Talks.cam BEGIN:VEVENT SUMMARY:Renewables as Reserve Providers\; Turning a Challenge into an Oppo rtunity - Yashar Ghiassi-Farrokhfal\, Rotterdam School of Management\, Era smus University DTSTART:20240315T130000Z DTEND:20240315T140000Z UID:TALK208825@talks.cam.ac.uk CONTACT:114742 DESCRIPTION:\n\nThe expansion of renewable energy generation increases the need for short-term reserve facilities to compensate for their short-term variations. This makes reserve markets increasingly profitable and attrac tive for renewable energy producers (REPs)\, who are facing diminishing su bsidies and returns. Policymakers would also value REPs as reserve provide rs because conventional reserves are generally carbon-intensive. The major hurdle is\, however\, that reserve markets require reliability\, while re newables are intermittent. This brings financial risks to REPs and reliabi lity risks to the system operators. Two remedies to alleviate these risks are intraday trading and storage. The open question is whether\, these hed ging instruments\, individually or combined\, can resolve the financial an d reliability risks and facilitate REP'S participation in reserve markets. This is currently unknown and\, among others\, depends on the micro-struc ture of the intraday markets\, mainly distinguished as discrete (D-ID) or continuous (C-ID) markets. We study this problem by formulating the operat ion of a profit-maximizing REP\, with and without storage\, providing rese rve services as a multi-stage stochastic integer program\, separately with the support of D-ID or C-ID markets. We combine the Benders decomposition and stochastic dual dynamic programming algorithm (SDDP) to solve the pro blem efficiently. Our analysis of real data from the German market provide s interesting insights into REPs' participation in short-term reserve mark ets. Importantly\, we find that C-ID trading is the best enabler among all \, facilitating the profitable and reliable participation of REPs in the F CR market. In this case\, batteries not only do not help FCR participatio n but also worsen the reliability. Conversely\, D-ID markets do not help F CR participation and REPs need batteries for reliable and profitable FCR p articipation. Thus\, system operators should discourage the use of batteri es (for REPs) in the case of C-ID markets and encourage it in the case of D-ID markets. \n\nBio:\n\nYashar Ghiassi-Farrokhfal is an Associate Profes sor at the Rotterdam School of Management\, Erasmus University. Additional ly\, he serves as the academic director of smart energy and sustainability at the Erasmus Center for Data Analytics (ECDA) and holds the position of Erasmus Uni. scientific lead at the Centre of Energy System Intelligence (CESI). He obtained his Ph.D. from the University of Toronto\, Canada in E lectrical and Computer Engineering. He started his research in the energy domain when he was a post-doctoral fellow under the supervision of Prof. S . Keshav at UWaterloo\, Canada. Since then\, he has published numerous ar ticles in esteemed journals and has organized numerous conferences and wor kshops in the field of energy transition. His involvement extends to vario us European and Dutch projects\, including FlexSUS (municipal heat transit ion)\, MAGPIE (Energy transition in Ports)\, HyTROS (Hydrogen market)\, an d Com2Heat (composite-based heat network). Employing a multi-disciplinary approach\, he has delved into diverse facets of energy transitions such as sector coupling\, microgrids\, electric vehicles\, hydrogen\, energy stor age\, and market mechanisms at retail\, wholesale\, peer-to-peer\, and bil ateral levels. LOCATION:FW11\, William Gates Building and Zoom link: https://cl-cam-ac-uk .zoom.us/j/4361570789?pwd=Nkl2T3ZLaTZwRm05bzRTOUUxY3Q4QT09&\;from=addon END:VEVENT END:VCALENDAR