Evaluating the Flexibility Benefits of Smart Grid Innovations in Transmission Networks

Abstract

The decision-making process during system planning of power systems is something that requires integrated tools that evaluate technical parameters, environmental impact, and overall costs and benefits with various performance indicators (i.e., key performance indicators KPIs). Several cost–benefit analysis approaches have been presented worldwide, providing analytic procedures to quantify the impact and practical effects of specific electricity projects. The implementation of innovation technology into the electricity networks play a critical role to optimizing overall costs. The targets set by the Clean Energy Package have been the main driver for the disruption occurring in the electricity sector, setting electrification of sectors and digitalization as additional emerging challenges. In the present paper, an evaluation approach for the flexibility benefits of smart grid innovations will be presented, as it has been developed and implemented in the context of the Horizon 2020 Research and Innovation project FLEXITRANSTORE. Flexibility is a prerequisite in an effort to achieve an electrical system of low CO2 emissions. Moreover, flexibility contributes to the increase of renewable energy sources penetration, to the network investments deferral and to the enhancement of the efficiency of the system operation, avoiding generation capacity oversizing. Thus, flexibility has been the scope of many projects lately. FLEXITRANSTORE pilot projects are implemented in various sites across Europe and are briefly presented and the respective technologies are propagated on system level approach, evaluating the respective benefits on a specific use case for the power system of Cyprus, where the one of the pilots is located. The paper tries to show the big picture of the project and presents system study use case to highlight the system impacts of the technologies. To this direction, the installation of a BESS to the Cypriot power system is studied, in an effort to examine its impact to the enhancement of the system’s flexibility, considering IRRE as an indicator.