Engineering topics

Narwade, Vinayak

Publications and source records attributed to Narwade, Vinayak.

3 records

DOE OSTI2021

Impact of operating reserve rules on electricity prices with high penetrations of renewable energy

In competitive wholesale electricity markets, significant effort is devoted to designing markets that set efficient prices for maintaining supply-demand balance. One factor that can impact prices is administratively-set scarcity pricing, which sets prices to a preset level when the market is not able to meet operating reserve or energy requirements. When energy and operating reserves are co-optimized, assumptions surrounding operating reserve requirements and scarcity pricing can impact system-wide price outcomes for both operating reserves and energy. This study uses production cost modeling of an ERCOT-like system to evaluate the impact of operating reserve eligibility, scarcity pricing, and quantity rules on electricity prices, and therefore also on generator revenues. Results reveal economic and operational benefits with allowing open participation in reserve markets, as this enables greater access to the full set of capable resources at lowest cost. Furthermore, both energy and reserve prices are strongly impacted by reserve scarcity pricing events, which reveals that reserve scarcity pricing assumptions can impact price outcomes even for units not providing reserves. This study highlights the importance of operating reserve scarcity pricing rules because of the strong coupling between energy and reserve prices and because these rules serve as proxies for true price responsive demand.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

DOE OSTI2021

The North American Renewable Integration Study (NARIS): A U.S. Perspective

The North American electric power system is undergoing significant change, with renewable resources now contributing more generation than ever before. This transformation is poised to continue given decreasing technology costs and ambitious decarbonization goals at the federal, state, local, corporate, and consumer levels. The North American Renewable Integration Study (NARIS) aims to inform grid planners, utilities, industry, policymakers, and other stakeholders about challenges and opportunities for continental system integration of large amounts of wind, solar, and hydropower to support a low-carbon future grid. The National Renewable Energy Laboratory (NREL) conducted a detailed, continent-wide analysis with planning scenarios of transmission, generation, and demand to reach 80%–92% carbon reductions (from 2005) for the Canadian electric power system, and up to 80% reductions continent-wide. We used a suite of models to study future scenarios and gain insights, including potential impacts on costs, emissions, resource adequacy, and the specific technologies that help enable the transition to a low-carbon grid. Our analysis had a particular focus on the potential role of cooperation among the three North American countries and between regions within each country, and how transmission can support sharing of supply and demand diversity. The NARIS project began in 2016. This report describes a U.S. perspective in coordination with the U.S. Department of Energy, and a companion report describes a Canadian perspective in coordination with the Natural Resources Canada. NARIS was an extension of a previous body of work, including the Western Wind and Solar Integration Study, the Eastern Renewable Generation Integration Study, Interconnections Seam Study, and the Pan Canadian Wind Integration Study. NARIS analyzed the entire continent in detail while studying higher renewable generation than previous studies. The scenarios in NARIS were informed by the goals in the Mid-Century Strategies for the Paris Agreement in each country.

14 SOLAR ENERGY↗

DOE OSTI2021

The North American Renewable Integration Study (NARIS): A Canadian Perspective

The North American electric power system is undergoing significant change, with renewable resources now contributing more generation than ever before. This transformation is poised to continue given decreasing technology costs and ambitious decarbonization goals at the federal, state, local, corporate, and consumer levels. The North American Renewable Integration Study (NARIS) aims to inform grid planners, utilities, industry, policymakers, and other stakeholders about challenges and opportunities for continental system integration of large amounts of wind, solar, and hydropower to support a low-carbon future grid. The National Renewable Energy Laboratory (NREL) conducted a detailed, continent-wide analysis with planning scenarios of transmission, generation, and demand to reach 80%–92% carbon reductions (from 2005) for the Canadian electric power system, and up to 80% reductions continent-wide. We used a suite of models to study future scenarios and gain insights, including potential impacts on costs, emissions, resource adequacy, and the specific technologies that help enable the transition to a low-carbon grid. Our analysis had a particular focus on the potential role of cooperation among the three North American countries and between regions within each country, and how transmission can support sharing of supply and demand diversity. The NARIS project began in 2016. This report describes a Canadian perspective in coordination with the Natural Resources Canada, and a companion report describes a U.S. perspective in coordination with the U.S. Department of Energy. NARIS was an extension of a previous body of work, including the Western Wind and Solar Integration Study, the Eastern Renewable Generation Integration Study, Interconnections Seam Study, and the Pan Canadian Wind Integration Study. NARIS analyzed the entire continent in detail while studying higher renewable generation than previous studies. The scenarios in NARIS were informed by the goals in the Mid-Century Strategies for the Paris Agreement in each country.

14 SOLAR ENERGY↗