California's renewable generation and pumped hydro storage's profitability |
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Authors: | Y. Liu C.K. Woo |
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Affiliation: | Education University of Hong Kong, Hong Kong |
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Abstract: | An analysis of 860 daily observations finds that rising renewable generation does not significantly diminish a pumped hydro storage system's daily operating profits from energy sales at the day-head and real-time market prices. The system, however, faces severely inadequate investment incentive because its annual operating profit can hardly pay for its annual fixed cost. |
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Keywords: | Investment incentive Renewable generation Pumped hydro storage California |
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