Modeling renewable portfolio standards for the annual energy outlook 1998 - electricity market module
Abstract
The Electricity Market Module (EMM) is the electricity supply component of the National Energy Modeling System (NEMS). The EMM represents the generation, transmission, and pricing of electricity. It consists of four submodules: the Electricity Capacity Planning (ECP) Submodule, the Electricity Fuel Dispatch (EFD) Submodule, the Electricity Finance and Pricing (EFP) Submodule, and the Load and Demand-Side Management (LDSM) Submodule. For the Annual Energy Outlook 1998 (AEO98), the EMM has been modified to represent Renewable Portfolio Standards (RPS), which are included in many of the Federal and state proposals for deregulating the electric power industry. A RPS specifies that electricity suppliers must produce a minimum level of generation using renewable technologies. Producers with insufficient renewable generating capacity can either build new plants or purchase {open_quotes}credits{close_quotes} from other suppliers with excess renewable generation. The representation of a RPS involves revisions to the ECP, EFD, and the EFP. The ECP projects capacity additions required to meet the minimum renewable generation levels in future years. The EFD determines the sales and purchases of renewable credits for the current year. The EFP incorporates the cost of building capacity and trading credits into the price of electricity.
- Publication Date:
- Research Org.:
- USDOE Energy Information Administration, Washington, DC (United States)
- Sponsoring Org.:
- USDOE Energy Information Administration, Washington, DC (United States)
- OSTI Identifier:
- 594455
- Report Number(s):
- DOE/EIA-M068E(98)
ON: DE98004804; NC: NONE; TRN: 98:001899
- Resource Type:
- Technical Report
- Resource Relation:
- Other Information: PBD: Feb 1998
- Country of Publication:
- United States
- Language:
- English
- Subject:
- 29 ENERGY PLANNING AND POLICY; 99 MATHEMATICS, COMPUTERS, INFORMATION SCIENCE, MANAGEMENT, LAW, MISCELLANEOUS; CAPACITY; ELECTRIC POWER INDUSTRY; ELECTRICITY; MARKET; SALES; PRICES; MANAGEMENT; E CODES
Citation Formats
. Modeling renewable portfolio standards for the annual energy outlook 1998 - electricity market module. United States: N. p., 1998.
Web. doi:10.2172/594455.
. Modeling renewable portfolio standards for the annual energy outlook 1998 - electricity market module. United States. https://doi.org/10.2172/594455
. 1998.
"Modeling renewable portfolio standards for the annual energy outlook 1998 - electricity market module". United States. https://doi.org/10.2172/594455. https://www.osti.gov/servlets/purl/594455.
@article{osti_594455,
title = {Modeling renewable portfolio standards for the annual energy outlook 1998 - electricity market module},
author = {},
abstractNote = {The Electricity Market Module (EMM) is the electricity supply component of the National Energy Modeling System (NEMS). The EMM represents the generation, transmission, and pricing of electricity. It consists of four submodules: the Electricity Capacity Planning (ECP) Submodule, the Electricity Fuel Dispatch (EFD) Submodule, the Electricity Finance and Pricing (EFP) Submodule, and the Load and Demand-Side Management (LDSM) Submodule. For the Annual Energy Outlook 1998 (AEO98), the EMM has been modified to represent Renewable Portfolio Standards (RPS), which are included in many of the Federal and state proposals for deregulating the electric power industry. A RPS specifies that electricity suppliers must produce a minimum level of generation using renewable technologies. Producers with insufficient renewable generating capacity can either build new plants or purchase {open_quotes}credits{close_quotes} from other suppliers with excess renewable generation. The representation of a RPS involves revisions to the ECP, EFD, and the EFP. The ECP projects capacity additions required to meet the minimum renewable generation levels in future years. The EFD determines the sales and purchases of renewable credits for the current year. The EFP incorporates the cost of building capacity and trading credits into the price of electricity.},
doi = {10.2172/594455},
url = {https://www.osti.gov/biblio/594455},
journal = {},
number = ,
volume = ,
place = {United States},
year = {Sun Feb 01 00:00:00 EST 1998},
month = {Sun Feb 01 00:00:00 EST 1998}
}