Hydro Pumped Storage Power Plants perspectives in SEERC Region

T.  Plavšić; V.  Valentić; D.  Franković

doi:10.37798/201867275

Authors

T. Plavšić Hrvatski operator prijenosnog sustava d.o.o., Croatia
V. Valentić Hrvatski operator prijenosnog sustava d.o.o., Croatia
D. Franković Tehnical University Rijeka, Croatia

DOI:

https://doi.org/10.37798/201867275

Keywords:

hydro pumped storage, power system operation, renewable sources, flexibility, electricity market, energy policies, energy investments

Abstract

The paper is focusing to the hydro pumped storage power plants perspectives in SEERC region, investigating their present market position, that has clearly been jeopardized by low electricity market prices and small peak – off peak electricity market price differences. Lack of positive market signals could stop the development of new hydro pumped storage power plants projects in the region, and prevent the existing ones in achieving expected financial goals. Paper is analysing future power system operational needs in high renewable sources penetration environment, proposing a new perspectives for existing and new hydro pumped storage power plants in SEERC region.