Utilising the flexible generation potential of tidal range power plants to optimise economic value¶
A paper has been published in Applied Energy on the MSc research study of Freddie Harcourt on the flexibility of tidal range power plant operation. It presents recent insights on how this inherent flexibility on generation times could be used to negotiate more attractive subsidy deals and complement other sustainable energy options (e.g. onshore and offshore wind energy).
Figure: Left axis is the average capacity factor (CF) against the Day Ahead market price over 5 years. The secondary y axis corresponds to the histogram, counting the frequency of a given price range occurring over the simulation timespan.