U.S. Department of EnergyOffice of Scientific and Technical Information
NREL Price Series Developed for the ARPA-E FLECCS Program
Abstract
The price data for four regions (CAISO, ERCOT, MISO-W, and PJM-W) are developed using the ReEDS to PLEXOS conversion as described in (Gagnon et al. 2020). The reference ReEDS case chosen is based on the 2020 Standard Scenario Mid-case, which uses the 2020 ReEDS model version (Cole et al. 2020; Ho et al. 2021). All ReEDS model inputs use 2020 Standard Scenarios Mid-case assumptions except for CO2 prices, which are implemented as linearly increasing CO2 price trajectories beginning at $0/tCO2 in 2020 and ending at either $100/tCO2 or $150/tCO2 in 2035 to dive capacity expansion towards a low-carbon system that could support CCS deployment. However, these scenarios also prohibit CCS deployment in this time frame so that resulting price data are not influenced by the deployment and operation of CCS itself. Implementing the ReEDS to PLEXOS conversion tool, PLEXOS is then simulated using the 2035 ReEDS infrastructure for both CO2 price scenarios, with the following model version and setup: PLEXOS Version: 8.2 Solver: Xpress-MP 35.01.01 Mixed integer optimization relative gap 1% System configuration: • Total number of nodes: 134 (consistent with ReEDS balancing areas) • Line losses enforced using piecewise linear approximation • Energy dump was enabled Price data ismore »
- Authors:
-
;
- National Renewable Energy Laboratory; National Renewable Energy Laboratory
- National Renewable Energy Laboratory
- Publication Date:
- Other Number(s):
- 19/CJ000/07/06
- Research Org.:
- National Renewable Energy Laboratory - Data (NREL-DATA), Golden, CO (United States); National Renewable Energy Laboratory (NREL), Golden, CO (United States)
- Sponsoring Org.:
- National Renewable Energy Laboratory (NREL), Golden, CO (United States)
- Subject:
- 24 POWER TRANSMISSION AND DISTRIBUTION; 25 ENERGY STORAGE; 29 ENERGY PLANNING, POLICY, AND ECONOMY; 32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION; 54 ENVIRONMENTAL SCIENCES; Modeling; PLEXOS; ReEDS; carbon capture; electricity; electricity price
- OSTI Identifier:
- 1838046
- DOI:
- https://doi.org/10.7799/1838046
Citation Formats
Cohen, Stuart, and Durvasulu, Venkat. NREL Price Series Developed for the ARPA-E FLECCS Program. United States: N. p., 2021.
Web. doi:10.7799/1838046.
Cohen, Stuart, & Durvasulu, Venkat. NREL Price Series Developed for the ARPA-E FLECCS Program. United States. doi:https://doi.org/10.7799/1838046
Cohen, Stuart, and Durvasulu, Venkat. 2021.
"NREL Price Series Developed for the ARPA-E FLECCS Program". United States. doi:https://doi.org/10.7799/1838046. https://www.osti.gov/servlets/purl/1838046. Pub date:Thu Dec 23 04:00:00 UTC 2021
@article{osti_1838046,
title = {NREL Price Series Developed for the ARPA-E FLECCS Program},
author = {Cohen, Stuart and Durvasulu, Venkat},
abstractNote = {The price data for four regions (CAISO, ERCOT, MISO-W, and PJM-W) are developed using the ReEDS to PLEXOS conversion as described in (Gagnon et al. 2020). The reference ReEDS case chosen is based on the 2020 Standard Scenario Mid-case, which uses the 2020 ReEDS model version (Cole et al. 2020; Ho et al. 2021). All ReEDS model inputs use 2020 Standard Scenarios Mid-case assumptions except for CO2 prices, which are implemented as linearly increasing CO2 price trajectories beginning at $0/tCO2 in 2020 and ending at either $100/tCO2 or $150/tCO2 in 2035 to dive capacity expansion towards a low-carbon system that could support CCS deployment. However, these scenarios also prohibit CCS deployment in this time frame so that resulting price data are not influenced by the deployment and operation of CCS itself. Implementing the ReEDS to PLEXOS conversion tool, PLEXOS is then simulated using the 2035 ReEDS infrastructure for both CO2 price scenarios, with the following model version and setup: PLEXOS Version: 8.2 Solver: Xpress-MP 35.01.01 Mixed integer optimization relative gap 1% System configuration: • Total number of nodes: 134 (consistent with ReEDS balancing areas) • Line losses enforced using piecewise linear approximation • Energy dump was enabled Price data is aggregated to the ISO/RTO level using load-weighted averages. References: Cole, Wesley, Sean Corcoran, Nathaniel Gates, Daniel Mai, Trieu, and Paritosh Das. 2020. “2020 Standard Scenarios Report: A U.S. Electricity Sector Outlook.” NREL/TP-6A20-77442. Golden, CO: National Renewable Energy Laboratory. https://www.nrel.gov/docs/fy21osti/77442.pdf. Gagnon, Pieter, Will Frazier, Elaine Hale, and Wesley Cole. 2020. “Cambium Documentation: Version 2020.” NREL/TP-6A20-78239. National Renewable Energy Lab. (NREL), Golden, CO (United States). https://doi.org/10.2172/1734551. Ho, Jonathan, Jonathon Becker, Maxwell Brown, Patrick Brown, Ilya (ORCID:0000000284917814) Chernyakhovskiy, Stuart Cohen, Wesley (ORCID:000000029194065X) Cole, et al. 2021. “Regional Energy Deployment System (ReEDS) Model Documentation: Version 2020.” NREL/TP-6A20-78195. Golden, CO: National Renewable Energy Laboratory. https://doi.org/10.2172/1788425.},
doi = {10.7799/1838046},
journal = {},
number = ,
volume = ,
place = {United States},
year = {Thu Dec 23 04:00:00 UTC 2021},
month = {Thu Dec 23 04:00:00 UTC 2021}
}