Impacts of increasing penetration of renewable energy on the operation of the power sector

Cole, Wesley; Frazier, A. Will

doi:10.1016/j.tej.2018.11.009

Title: Impacts of increasing penetration of renewable energy on the operation of the power sector

Abstract

Here in this paper, we consider 38 forward-looking scenarios of the U.S. electricity system and analyze the impacts of increased variable renewable energy on system operation. We find increased demand for flexibility, which is provided by a wide range of technologies. We also observe changes in the timing of the highest and lowest electricity prices, as well as an increase in the number of very low energy price hours.

Authors:

Cole, Wesley ^[1]; Frazier, A. Will ^[1]

National Renewable Energy Lab. (NREL), Golden, CO (United States). Strategic Energy Analysis Center

Publication Date:: 2018-11-28

Research Org.:: National Renewable Energy Lab. (NREL), Golden, CO (United States)

Sponsoring Org.:: USDOE Office of Energy Efficiency and Renewable Energy (EERE), Strategic Priorities and Impact Analysis Office (EE-61)

OSTI Identifier:: 1485573

Report Number(s):: NREL/JA-6A20-72159
Journal ID: ISSN 1040-6190

Grant/Contract Number:: AC36-08GO28308

Resource Type:: Accepted Manuscript

Journal Name:: Electricity Journal

Additional Journal Information:: Journal Volume: 31; Journal Issue: 10; Journal ID: ISSN 1040-6190

Publisher:: Elsevier

Country of Publication:: United States

Language:: English

Subject:: 24 POWER TRANSMISSION AND DISTRIBUTION; 29 ENERGY PLANNING, POLICY, AND ECONOMY; wind; PV; renewable energy integration; electricity prices

Citation Formats


                    Cole, Wesley, and Frazier, A. Will. Impacts of increasing penetration of renewable energy on the operation of the power sector.  United States: N. p., 2018. 
Web.  doi:10.1016/j.tej.2018.11.009.

Copy to clipboard


                    Cole, Wesley, & Frazier, A. Will. Impacts of increasing penetration of renewable energy on the operation of the power sector.  United States.  https://doi.org/10.1016/j.tej.2018.11.009

Copy to clipboard


                    Cole, Wesley, and Frazier, A. Will. Wed .  
"Impacts of increasing penetration of renewable energy on the operation of the power sector".  United States.  https://doi.org/10.1016/j.tej.2018.11.009.  https://www.osti.gov/servlets/purl/1485573.

Copy to clipboard


                    
@article{osti_1485573,

  title        = {Impacts of increasing penetration of renewable energy on the operation of the power sector},

  author       = {Cole, Wesley and Frazier, A. Will},

  abstractNote = {Here in this paper, we consider 38 forward-looking scenarios of the U.S. electricity system and analyze the impacts of increased variable renewable energy on system operation. We find increased demand for flexibility, which is provided by a wide range of technologies. We also observe changes in the timing of the highest and lowest electricity prices, as well as an increase in the number of very low energy price hours.},

  doi          = {10.1016/j.tej.2018.11.009},

  journal      = {Electricity Journal},

  number       = 10,

  volume       = 31,

  place        = {United States},

  year         = {2018},

  month        = {11}

}

Copy to clipboard

Journal Article:

Free Publicly Available Full Text

Accepted Manuscript (DOE)

Publisher's Version of Record

https://doi.org/10.1016/j.tej.2018.11.009

Other availability

Search WorldCat to find libraries that may hold this journal

Save / Share:

Export Metadata

Save to My Library

Works referenced in this record:

A view to the future of natural gas and electricity: An integrated modeling approach
journal, November 2016

Cole, Wesley J.; Medlock, Kenneth B.; Jani, Aditya
Energy Economics, Vol. 60
DOI: 10.1016/j.eneco.2016.03.005

Works referencing / citing this record:

Balancing Generation from Renewable Energy Sources: Profitability of an Energy Trader
journal, January 2020

Kath, Christopher; Nitka, Weronika; Serafin, Tomasz
Energies, Vol. 13, Issue 1
DOI: 10.3390/en13010205

A Review of Strategies to Increase PV Penetration Level in Smart Grids
journal, February 2020

Aleem, Sk Abdul; Hussain, S. M. Suhail; Ustun, Taha Selim
Energies, Vol. 13, Issue 3
DOI: 10.3390/en13030636

Similar Records in DOE PAGES and OSTI.GOV collections:

Impacts of High Variable Renewable Energy Futures on Electric-Sector Decision Making: Demand-Side Effects

Technical Report Seel, Joachim ; Mills, Andrew D. ; Warner, Cody ; ...

Previous work by the Berkeley Lab describes how high shares of variable renewable energy (VRE) such as wind and solar power could change wholesale electricity price dynamics. These include the timing of when electricity is cheap or expensive, locational differences in the cost of electricity, and the degree of regularity or predictability in those costs. Many decentralized decision-makers on the demand-side may not yet have considered the implications of these possible future changes. In this report, we evaluate the sensitivity of a set of demand-side decisions to different levels of VRE penetration ranging from a low of 5-20% to amore »« less
https://doi.org/10.2172/1631679

Full Text Available
The Potential Role of Concentrating Solar Power within the Context of DOE's 2030 Solar Cost Targets

Conference Murphy, Caitlin ; Sun, Yinong ; Cole, Wesley J ; ...

For solar electricity generating technologies to be cost competitive at a large scale with conventionally generated electricity, cost reductions are needed for both concentrating solar power (CSP) and solar photovoltaic (PV) systems. In 2011, the U.S. Department of Energy (DOE) established solar cost targets that corresponded to reducing CSP and PV prices by approximately 75% in order to achieve a levelized cost of electricity (LCOE) of $0.06 per kilowatt-hour (kWh) for both utility-scale PV and high-capacity factor CSP-TES systems in 2020. Utility-scale PV achieved its 2020 cost target in 2017, and recent estimates for the LCOE of CSP-TES with amore »« less
Full Text Available
Impacts of High Variable Renewable Energy Futures on Wholesale Electricity Prices, and on Electric-Sector Decision Making

Technical Report Seel, Joachim ; Mills, Andrew D. ; Wiser, Ryan H. ; ...

Increasing penetrations of variable renewable energy (VRE) can affect wholesale electricity price patterns and make them meaningfully different from past, traditional price patterns. Many long-lasting decisions for supply- and demand-side electricity infrastructure and programs are based on historical observations or assume a business-as-usual future with low shares of VRE. Our motivating question is whether certain electric-sector decisions that are made based on assumptions reflecting low VRE levels will still achieve their intended objective in a high VRE future. We qualitatively describe how various decisions may change with higher shares of VRE and outline an analytical framework for quantitatively evaluating themore »« less
https://doi.org/10.2172/1437006

Full Text Available
The Economic Impacts of High Wind Penetration Scenarios in the United States

Journal Article Cohen, Stuart M. ; Caron, Justin - Energy Economics

The U.S. electric sector is experiencing rapid increases in renewable generation with an expectation of continued growth. We examine the impacts of increased wind electricity on the U.S. economy using a hybrid model that links a detailed electric sector model (the National Renewable Energy Laboratory's Regional Energy Deployment System [ReEDS]) with a computable general equilibrium model of the U.S. economy (the Massachusetts Institute of Technology's U.S. Regional Energy Policy [USREP] model). Increasing wind capacity displaces fossil fuels for electricity generation, which depresses fossil fuel prices and reduces economy-wide CO₂ emissions. Competitive wind deployment in the reference scenario achieves these outcomesmore »« less
https://doi.org/10.1016/j.eneco.2018.10.023

Full Text Available
Future Costs, Benefits, and Impacts of Renewables Used to Meet U.S. Renewable Portfolio Standards

Program Document

This brochure provides a brief overview of the report titled 'A Prospective Analysis of the Costs, Benefits, and Impacts of U.S. Renewable Portfolio Standards.' The report evaluates the future costs, benefits, and other impacts of renewable energy used to meet current state renewable portfolio standards (RPSs). It also examines a future scenario where RPSs are expanded. The analysis examines changes in electric system costs and retail electricity prices, which include all fixed and operating costs, including capital costs for all renewable, non-renewable, and supporting (e.g., transmission and storage) electric sector infrastructure; fossil fuel, uranium, and biomass fuel costs; and plantmore »« less
Full Text Available

Similar Records

Title: Impacts of increasing penetration of renewable energy on the operation of the power sector

Abstract

Citation Formats

A view to the future of natural gas and electricity: An integrated modeling approach journal, November 2016

Balancing Generation from Renewable Energy Sources: Profitability of an Energy Trader journal, January 2020

A Review of Strategies to Increase PV Penetration Level in Smart Grids journal, February 2020

A view to the future of natural gas and electricity: An integrated modeling approach
journal, November 2016

Balancing Generation from Renewable Energy Sources: Profitability of an Energy Trader
journal, January 2020

A Review of Strategies to Increase PV Penetration Level in Smart Grids
journal, February 2020