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DOE OSTI2020

Energy Storage Grand Challenge: Energy Storage Market Report

As part of the Department of Energy's (DOE) Energy Storage Grand Challenge (ESGC), DOE intends to synthesize and disseminate best available energy storage data, information, and analysis to inform decision-making and accelerate technology adoption. The ESGC Roadmap provides options for addressing technology development, commercialization, manufacturing, valuation, and workforce challenges to position the United States for global leadership in the energy storage technologies of the future. This report provides a baseline understanding of the numerous, dynamic energy storage markets that fall within the scope of the ESGC via an integrated presentation of deployment, investment, and manufacturing data from the best, publicly-available sources. This report covers the following energy storage technologies: lithium ion batteries, lead acid batteries, pumped storage hydropower, comrpessed air energy storage, redox flow batteries, hydrogen, building thermal energy storage, and select long duration energy storage technologies. Not all energy storage technologies and markets could be addressed in this report. Due to the wide array of energy technologies, market niches, and data availability issues, this market report only included a select group of technologies. For example, thermal energy storage technologies are very broadly defined and cover a wide range of potential markets, technology readiness levels, and primary energy sources. In other areas, data scarcity necessitates a greater understanding of future applications and emerging science. Future efforts will update data presented in this report and be expanded to include other energy storage technologies. This data-driven assessment of the current status of energy storage markets is essential to track progress toward the goals described in the Energy Storage Grand Challenge and inform the decision-making of a broad range of stakeholders. At the same time, gaps identified through the development of this report can point to areas where further data collection and analysis could provide an even greater level of understanding of the full range of markets and technologies. Finally, numerous complementary analyses are planned, underway, or completed that will provide a deeper understanding of the specific technologies and markets covered at a high-level in this report.

25 ENERGY STORAGE↗

DOE OSTI2024

An empirical analysis of supply offers in the ERCOT operating reserves markets

Here, this paper seeks to improve theoretical and empirical understanding of supplier dynamics in wholesale markets for operating reserves, which have been understudied compared to energy markets. We begin by identifying several economic factors that unit owners may consider when submitting offers into operating reserves auctions in two-stage, co-optimized markets common across much of North America. Next, we analyze historical offer data from the Electric Reliability Council of Texas (ERCOT) market to assess whether actual reserve market behavior aligns with expectations based on economic theory, as well as with commonly used assumptions in electricity market modeling efforts. We find that the aggregate supply of operating reserves in ERCOT varies meaningfully over time, becoming more expensive during summer afternoons, which is consistent with theoretical expectations but contradicts the typical modeling assumption of temporally invariant reserve offers. Analysis of offers made by individual units uncovers additional insights, such as the existence of large offer pattern differences by unit owner and the tendency of battery storage units to submit very low offer prices. We conclude by discussing how our findings can be integrated into electricity market modeling assumptions to improve alignment with observed operating reserve offer inputs and pricing outcomes.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

DOE OSTI2025

Electricity Markets and Long-Duration Energy Storage: A Survey of Grid Services and Revenue Streams

Purpose of Review Long Duration Energy Storage (LDES) is increasingly viewed as a potential resource for providing grid services that enhance the stability and flexibility of electricity systems. While some LDES services are integrated into existing market frameworks, traditional mechanisms may not fully account for their operational characteristics, potentially leading to undervaluation. Within this context, this paper reviews the literature and industry practices to assess potential grid services for LDES, evaluates existing compensation mechanisms, and identifies challenges to full market integration. Recent Findings We first review existing literature and identify key grid services unique to LDES, including enhancing grid resilience during extreme weather events, enabling long-term energy shifting, and providing flexible and firm energy in systems with limited dispatchable resources. Here, we also review how LDES services are compensated in current market frameworks and the challenges associated with the full realization of LDES values. Additionally, we summarize market mechanisms for storage technologies across U.S. wholesale markets. We find that some markets are adjusting incentive structures, such as incorporating storage duration in capacity accreditation, to better align with system needs and LDES contributions to the grid. However, further refinements in capacity remuneration and dispatch timeframes may be needed for more effective realization of LDES value. Summary This review evaluates potential grid services for LDES, examines existing compensation mechanisms for LDES technologies, and identifies gaps between these mechanisms and LDES operational characteristics. The review concludes by outlining potential market enhancements for more effective LDES integration and articulating additional research needs to support its efficient participation in future power systems.

Flexible resources↗

DOE OSTI2021

Redesigning capacity market to include flexibility via ramp constraints in high-renewable penetrated system

Capacity markets can co-exist alongside the energy and ancillary markets to ensure the medium-term and long-term supply adequacy by remunerating the generation resources for their availability. With the substantially increasing deployment of renewable generation, the system needs more flexibility to quickly mitigate the variability and uncertainty caused by the renewable generation. However, the present capacity market model does not differentiate the flexibility of generating units, so it might not give appropriate pricing signals to more flexible units that are usually more expensive. This is particularly important considering the increasing penetration levels of renewable generation on the electric grid, which increases the need for flexible units. This paper proposes a novel capacity market model considering flexibility requirement (FR) under the high penetration levels of renewable generation. Therefore, the proposed model can give the market-clearing price (MCP) for not only peak load generation capacity but also flexibility requirement. Thus, flexible units will tend to receive more economic incentives than non-flexible units. In the case studies, the profitability of different generation resources under the proposed capacity market model is analyzed and compared to the present capacity market model. The results show that the proposed method can maintain system reliability with regard to both peak load and flexibility requirement efficiently.

24 POWER TRANSMISSION AND DISTRIBUTION↗

DOE OSTI2023

Reserve and energy scarcity pricing in United States power markets: A comparative review of principles and practices

Here, errors in forecasting load and renewable-based generation in restructured power systems mean that independent system operators (ISOs) must procure sufficient operating reserves to keep the real-time operation of the system reliable and secure. But when procured reserves turn out to be insufficient in real-time due to the lack of resource capacity or ramp capability, operators often set higher prices for reserves and energy to encourage more supply, and to motivate consumers to decrease usage or shift it to other times. This procedure, which is called scarcity or shortage pricing, is a core feature of U.S. electricity markets. It is receiving increased attention from market designers and stakeholders because scarcity will become more important for spot price formation in the future with the increased penetration of zero-marginal cost renewables, and the shrinking role of fuel costs in setting prices. Scarcity pricing is implemented in various ways by different ISOs. These differences have practical implications for the level of prices and incentives for investment, operations, and demand modification. In this paper, general approaches and specific calculation procedures for reserve and energy scarcity pricing practices and calculations across the seven ISO-based U.S. power markets are reviewed and compared. A consistent terminology is used to facilitate the comparison. Current scarcity pricing practices are grouped into three approaches: (1) imposing an adder after the spot market is run; (2) including stepwise demand curves within market clearing procedures for non-contingency reserve products (e.g., the novel flexiramp product), which tends to yield longer right tails for energy scarcity premium curves; and (3) having stepwise demand curves for traditional contingency reserve products only, which results in shorter right tails in energy scarcity curves. A generic numerical example is presented to highlight the large practical differences among the reserve scarcity pricing approaches and specific implementations. To further investigate factors that contribute the most to demand curves differences among ISOs, a sensitivity analysis is performed. This analysis shows that the largest source of differences among the curves is the scarcity prices assumed in the case of severe scarcity, while the number of steps used and whether flexiramp is considered also yields important differences in scarcity prices. As renewable penetration increases, it will become increasingly crucial to employ administrative demand curves so that spot prices more effectively motivate supply and demand adjustments exactly when and where they are needed. This study shows that the different assumptions yield very different scarcity premiums for reserves and energy, and are likely to provide divergent incentives for resources to respond to shortages. It is concluded that to promote market efficiency, a reserve shortage demand curve should have at least three features: inclusion of the marginal value of reserve products at each shortage level, consideration of the magnitude and probability of supply contingencies, and avoidance of abrupt price discontinuities that can cause excessively volatile market outcomes.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

DOE OSTI2023

A Machine Learning Framework to Deconstruct the Primary Drivers for Electricity Market Price Events

As the electricity grid is moving towards a 100% Renewable Energy Source Bulk Power Grid, the overall operations of the power system operations and electricity markets are changing. The electricity markets are not only dispatching resources economically but also taking into account various controllable actions like renewable curtailment, transmission congestion mitigation, and energy storage optimization to make sure the grid is operating reliably. As a result, price formations in electricity markets have become quite complex. Traditional root cause analysis and statistical approaches are rendered inapplicable to analyze and infer the main drivers behind price formation in the modern grid and markets with variable renewable energy (VRE). In this paper, we propose a machine learning analysis framework to deconstruct some primary drivers for price formation in modern electricity markets with high renewable energy and the outcomes can be utilized for various critical aspects of market design, renewable dispatch and curtailment, operations, and cyber-security applications. The framework can be applied to any ISO or market data and in this paper it is applied to open-source publicly available datasets from California Independent System Operator (CAISO) and ISO New England.

machine learning (ML), electricity markets, Renewa↗

DOE OSTI2023

Special Section on Local and Distributed Electricity Markets

Driven by the goals of clean energy and zero carbon emissions, the power industry is undergoing significant transformations. The rapid growth of diverse distributed energy resources (DERs) at grid edge such as rooftop photovoltaics (PVs) and electric vehicles is transforming the traditional centralized power grid management to a decentralized, bottom-up, and localized control paradigm. Establishing local and distribution-level electricity markets provides an effective solution to managing large amounts of small-scale DERs. New regulations such as the recent FERC Order 2222 in the U.S. open the door to DERs in the wholesale markets. Through coordinating the local and distribution-level markets with the transmission-level wholesale market, the DERs and prosumers can trade energy and flexibility locally with each other and meanwhile provide energy, flexibility and ancillary services to the bulk power grid. During this transition, there are many new technical challenges to address, calling for innovative ideas and interdisciplinary research in this promising direction. Advanced information and communication technologies (ICT) are needed, as a key enabler, for the development and practical implementation of local and distribution electricity markets. Research into local and distribution markets is strongly interdisciplinary, involving the state of the art in power engineering, economics, and digital/information technology. A broad spectrum of contributors from universities, industry, research laboratories and policy makers is sought to develop and present solutions and technologies that will facilitate and advance practical applications and implementations of local and distribution-level electricity markets to uncover the values of DERs.

distributed energy resources↗

DOE OSTI2021

Influence of Business Models on PV-Battery Dispatch Decisions and Market Value

PV-battery hybrid projects dominate interconnection queues in some regions in the United States, but few projects have been operational long enough to assess how the hybrid capabilities may be used in practice. We interview plant operators and analyze empirical dispatch data for eleven large-scale PV-battery hybrids in three organized wholesale markets in the United States. We use the dispatch data and wholesale market prices to estimate the market value of our sample hybrids in 2020. The empirical increase in market value of a PV-battery hybrid relative to a standalone PV plant varies by project and ranges from $\$$1 to $\$$48/MWhsolar. The premium is driven by market, location, technical characteristics of the PV and battery asset, and battery dispatch strategies. In contrast to the widespread assumptions in the PV-battery hybrid modeling literature, only three of the eleven project operators optimize battery usage for wholesale market revenue as merchant plants. Instead, the majority of operators in the sample have alternate objectives. For example, load-serving entities target peak load reductions, incentive program participants focus on compliance with program requirements, and large energy consumers prioritize resiliency and utility bill minimization. Understanding prevalent dispatch signals and the degree of alignment with system-wide grid needs can increase the market value of PV-battery hybrids.

14 SOLAR ENERGY↗

DOE OSTI2020

Factors Impacting Nuclear Energy Share in U.S. Energy Markets

The purpose of this report is to collate information and findings from recent studies conducted by national and international bodies/institutes to identify approaches for maintaining/enhancing the role of nuclear energy in the current and future energy mix of the United States. This report shows how nuclear generation grew quickly to provide 20% of U.S. electricity, sustaining that level for three decades without the benefit of new construction, but is now projected to decline going forward. Nuclear construction costs in the U.S. spiraled out of control, ending construction for two decades and the recent resumption of construction has continued the pattern of schedule delays and cost overruns. However, nuclear operations exhibited strong learning, achieving and sustaining the highest capacity factor of any electricity generation technology and license extensions and uprates have sustained nuclear market share. The share of nuclear energy in the U.S. electricity market is projected to decline by ~1/3rd over the next 30 years The report provides an overview of how the markets work in theory and in practice. It indicates how market deregulation and clean energy policies have created conditions where nuclear plants are being retired for economic rather than technical reasons. The report also shows how many of the markets do not in practice have free competition but instead have outcomes that are being determined more and more by policy instead of market forces. While electricity costs from existing nuclear plants are low, electricity from new builds is projected to be too expensive to be competitive head-to-head with natural gas, even for nth-of-a-kind costs. Wind and solar energy have enjoyed an extended period of sustained subsidy. This protected environment has resulted in a sustained reduction in plant level costs to the point that some of these Variable Renewable Energy (VRE) technologies are becoming competitive even if their direct subsidies are removed. But plant level costs underestimate total VRE costs which include a number of system-level externalities. The incremental system value of additional VRE capacity was shown to decline as market share increases, with solar value declining more quickly than wind. The report closes with examination of a possible future for nuclear generation as part of deep decarbonization of the electricity sector. This approach avoids direct competition with natural gas. The two options for achieving 100% decarbonization are to use only renewables or to use all zero emissions technologies, and the report shows the second approach is much less expensive than the first.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

DOE OSTI2024

RePED 250: Manufacturing and Market Analysis of High-Temperature Alternators

The novel repetitive pulsed electric drill 250 (RePED 250) has the potential to greatly lower the costs and drilling times of geothermal projects. This tool discharges electric pulses through hard rock formations, shattering the rock in tension and allowing it to be quickly removed. One hurdle in bringing this technology to market is the RePED 250 downhole alternator. This component is essential for supplying power to the electronic drilling tool. There are currently no downhole tools on the market that meet the RePED 250 alternator's high temperature and power requirements. This report focuses on the path to commercialization for this novel alternator technology being developed as part of the RePED 250 project. One aim of this work is to identify the geothermal market size for the RePED 250 alternator, as well as other potential markets for this technology outside of geothermal. The geothermal market is very small, with only approximately 13 wells drilled in the United States each year. The worldwide market is several times this size and growing each year. The ability of the RePED 250 technology to drastically reduce the cost of geothermal projects may also lead to an increase in this market size. Technology developed for the high-temperature, high-power RePED 250 alternator can also be used to create high-temperature and high-power motors. These motors and alternators will have potential applications in oil and gas drilling, a $300 billion dollar industry in the United States alone, as well as in more distant industries such as aircraft, weapon systems, space exploration, and electric vehicles. Other aspects of the RePED 250 alternator's path to commercialization are also analyzed, including the supply chain for production materials and potential manufacturing methods. The supply chain and manufacturing practices for low-temperature motors and alternators are well established and require relatively minor changes for the high-temperature and high-power RePED 250 alternator. Sourcing for high-temperature materials has been identified, as well as potential supply chain risks. These most notably include electrical steel and high-temperature samarium cobalt (SmCo) magnets. Overall, these risks are not expected to be significant at the likely manufacturing scale required for the RePED 250.

15 GEOTHERMAL ENERGY↗

DOE OSTI2020

China’s Booming Plug-in Electric Vehicle Market—How Will It Continue?

The plug-in electric vehicle (PEV) is recognized as a pivotal component in transportation energy security and technology innovation in China. With government incentives and substantial capital investments, the Chinese PEV market has become one of the largest in the world. However, is this market boom ephemeral or will it be continuing? This chapter provides a general review of the Chinese PEV market mainly from the consumer per-spective, by summarizing the characteristics of the vehicle policies and consumer concerns in the PEV market in recent years. Moreover, it intro-duces detailed examples on how the policies, technologies, and infrastruc-ture shape the market. In addition to employing large amounts of reliable data from the China Automotive Technology and Research Center for the review, the authors also adopted a quantitative analysis tool—the New Energy and Oil Consumption Credits model—to project the potential in-dustrial impacts of the government policies in multiple scenarios. Based on the findings, it seems that the prosperity of the PEV market, incentivized by the government, will continue in the short run. The direct subsidies to PEV from the government will gradually phase out, and the supply-side push policies such as the dual-credit policy and other charging infrastruc-ture incentives will work as the invisible hand to force the automakers to invest more in the PEV segment. However, in the long run, innovation in PEV technology and business models, together with consumer acceptance will be the major factors that can sustain further market growth.

Ou, Shawn↗

DOE OSTI2024

Modeling hydrogen markets: Energy system model development status and decarbonization scenario results

Hydrogen can be used as an energy carrier and chemical feedstock to reduce greenhouse gas emissions, especially in difficult-to-decarbonize markets such as medium- and heavy-duty vehicles, aviation and maritime, iron and steel, and the production of fuels and chemicals. Significant literature has been accumulated on engineering-based assessments of various hydrogen technologies, and real-world projects are validating technology performance at larger scales and for low-carbon supply chains. While energy system models continue to be updated to track this progress, many are currently limited in their representation of hydrogen, and as a group they tend to generate highly variable results under decarbonization constraints. Here, the present work provides insights into the development status and decarbonization scenario results of 15 energy system models participating in study 37 of the Stanford Energy Modeling Forum (EMF37), focusing on the U.S. energy system. The models and scenario results vary widely in multiple respects: hydrogen technology representation, scope and type of hydrogen end-use markets, relative optimism of hydrogen technology input assumptions, and market uptake results reported for 2050 under various decarbonization assumptions. Most models report hydrogen market uptake increasing with decarbonization constraints, though some models report high carbon prices being required to achieve these increases and some find hydrogen does not compete well when assuming optimistic assumptions for all advanced decarbonization technologies. Across various scenarios, hydrogen market success tends to have an inverse relationship to success with direct air capture (DAC) and carbon capture and storage (CCS) technologies. While most model-scenario combinations predict modest hydrogen uptake by 2050 – <10 million metric tons (MMT) – aggregating the top 10 % of market uptake results across sectors suggests an upper range demand potential of 42–223 MMT. The high degree of variability across both modeling methods and market uptake results suggests that increased harmonization of both input assumptions and subsector competition scope would lead to more consistent results across energy system models. The wide variability in results indicates strongly divergent conclusions on the role of hydrogen in a decarbonized energy future.

08 HYDROGEN↗

DOE OSTI2020

Coordinated Market Design for Peer-to-Peer Energy Trade and Ancillary Services in Distribution Grids

A novel peer-to-peer (P2P) market design is proposed in this work for the distribution grid level. Envisioning that the grid constraints violations are the major challenge for P2P energy sharing, we propose they are handled through the ancillary service (AS) market. By calculating the decomposable distribution locational marginal prices (DLMPs), the essential price signals of procuring AS can be recovered to determine the grid usage prices (GUPs) to each P2P transaction. Hence, the GUPs, due to their decomposable properties, act as incentive signals for the P2P market to support the grid operation in terms of loss reduction, voltage support and congestion management. The proposed market design comprises: i) an interactive market design of P2P trade & AS and, ii) a fully decentralized peer-centric market clearing model for P2P energy trade. The duality analysis provides the composition of market equilibrium prices of P2P trading and their interpretations. The case studies demonstrate the effectiveness of the proposed P2P trade to support grid operational objectives.

Zhang, Kai↗

DOE OSTI2021

Transmission Capacity Allocation in Zonal Electricity Markets

In this work, we propose a novel framework for modeling zonal electricity markets, based on projecting the constraints of the nodal network onto the space of the zonal aggregation of the network. The framework avoids circular definitions and discretionary parameters, which are recurrent in the implementation and study of zonal markets. Using this framework, we model and analyze two zonal market designs currently present in Europe: flow-based market coupling (FBMC) and available-transfer-capacity market coupling (ATCMC). We develop cutting-plane algorithms for simulating FBMC and ATCMC while accounting for the robustness of imports/exports to single element failures, and we conduct numerical simulations of FBMC and ATCMC on a realistic instance of the Central Western European system under the equivalent of 100 years of operating conditions. We find that FBMC and ATCMC are unable to anticipate the congestion of branches interconnecting zones and branches within zones and that both zonal designs achieve similar overall cost efficiencies (0.01% difference), whereas a nodal market design largely outperforms both of them (5.09% better than FBMC). These findings raise the question of whether it is worth it for more European countries to switch from ATCMC to FBMC, instead of advancing directly toward a nodal market design.

24 POWER TRANSMISSION AND DISTRIBUTION↗

DOE OSTI2021

Global Market Analysis of Microreactors

Microreactors are smaller and simplified versions of nuclear power plants using current generation and advanced nuclear technology designs. The purpose of this report is to assesses the unique capabilities of microreactors and assess potential deployment in specific global markets in the 2030-2050 timeframe, with consideration for regulatory limits. The methods include developing unique microreactor deployment indicators and matching use cases to define future profile markets. Top-down and bottom-up analysis techniques were used to evaluate emerging market trends, derive a range of possible demands, and rank potential markets in 63 countries including current nuclear users and newcomer countries. Deployment is considered from regulatory and planning perspectives. Results indicate significant potential for global deployment of microreactors, but also significant challenges in achieving the technical capacities, meeting regulatory requirements and international accords, achieving competitive costs, and for gaining public acceptance. Profile microreactor markets were identified that include isolated operations, distributed energy, resilient urban applications, marine propulsion, and disaster relief. Market demands could be strong in Western Europe and possibly even the U.S., but particularly strong across Asia and Eastern Europe in isolated operations and distributed energy applications. Build rates in the hundreds of units by 2040 and thousands by 2050 would be needed to attain market penetration at scale.

21 SPECIFIC NUCLEAR REACTORS AND ASSOCIATED PLANTS↗

DOE OSTI2021

Electricity Market Dynamics as Smooth Games: Organizing Gradient-Based Learners and Identifying Instabilities

Wide-spread adoption of machine learning and distributed energy production has the potential to fundamentally change behaviours of energy markets. In practice, along with the benefits, previously unseen instabilities have begun emerging in markets currently embracing these technologies. In this report we study electricity markets as dynamical systems arising in smooth games, where energy consumers are modelled as gradient-based learners who interact on a graph through distributed energy producers. We give simple examples of how instabilities can arise even when the consumers’ local objectives seem reasonable and how these instabilities can be remedied. Drawing insights from these examples, we begin developing a general model of optimization-driven electricity market dynamics and give conditions for ensuring local Nash equilibria of the system are stable fixed points of the dynamics. Our results demonstrate how models of electricity market dynamics might be used for deriving formal guarantees in order to stabilize markets and enact regulatory policies in the face of market shocks.

22 GENERAL STUDIES OF NUCLEAR REACTORS↗

DOE OSTI2022

Impact of FERC Order 2222 on DER Participation Rules in US Electricity Markets

Electricity markets in the bulk grid are beginning to implement market mechanisms that support the procurement of flexible capabilities from wide range of technologies, including distributed energy resources (DERs). The flexibility of these resources will help counterbalance supply uncertainties from large-scale integration of variable renewable generation. To encourage development of distributed and aggregated market participants, FERC Order 2222 was issued in September 2020 to require each Independent System Operator (ISO) in the US to implement rules that enable broader participation from aggregations of DERs in the bulk market. The following paper first describes the generic design of ISO markets before introducing the new market participation rules that ISOs have proposed for compliance with Order 2222. The paper then describes how software performance issues may continue to affect the eligibility requirements and offer structures for DER aggregations participating in ISOs, noting that continued research on computational methods may help reduce burdens for DER integration. The prospects for transmission and distribution system coordination is second major issue discussed, which will require minor changes to existing processes in the short term. In the longer term, there is more opportunity for more wide-ranging reforms, such as the development of a Distribution System Operator (DSO) framework. Newly proposed market rules may affect how Transactive Energy Systems (TES) will help facilitate efficient formation of DER aggregations and operation of the individual DERs within an aggregation. Within the TES context, the challenge is to fully understand how resource eligibility and operational and planning coordination methods will affect the design and implementation of TES.

24 POWER TRANSMISSION AND DISTRIBUTION↗

DOE OSTI2024

Data for Grogan et al. "Bringing Hydrologic Realism to Water Markets"

This data set provides model output and post-processing files required to reproduce the results, tables, and figures in the paper "Bringing Hydrologic Realism to Water Markets" by Grogan et al. (in review). Other input data used in this study includes: Lisk, M., Grogan, D., Zuidema, S., Caccese, R., Peklak, D., Zheng, J., Fisher-Vanden, K., Lammers, R., Olmstead, S., & Fowler, L. (2023). Harmonized Database of Western U.S. Water Rights (HarDWR) (Version v1) [Data set]. MSD-LIVE Data Repository. https://doi.org/10.57931/2205619 Two models were used in this study: (1) The University of New Hampshire Water Balance Model WBM, and (2) a Water Market Model. Market model code and model output post-processing code that make use of these data can be found here Model output files are: 1. WBM output files: scenario[x]_wbm_output.zip Where [x] is one of 1, 2, 2a, 3, and 3a Each zipped directory contains 7 gridded NetCDF files, each reporting the 10-year annual average value of a given variable, in units of average mm/day: File Name: wbm_indUseGross_yc.nc; Description: Water withdrawals by industry (part of the urban sector) File Name: wbm_domUseGross_yc.nc; Description: Water withdrawals by the domestic sector (part of the urban sector) File Name: wbm_irrigationGross_yc.nc; Description: Water withdrawals for agriculture File Name: wbm_irrigationExtra_yc.nc; Description: Water withdrawals from unsustainable groundwater for agriculture File Name: wbm_indUseEvap_yc.nc; Description: Consumptive water use by industry File Name: wbm_domUseEvap_yc.nc; Description: Consumptive water use by the domestic sector File Name: wbm_irrigationNet_yc.nc; Description: Consumptive water use by agriculture The file full_cell_area.nc gives the area of each grid cell in km2, which is used for converting water depth to water volume. 2. Water market model output & post processing output Folder: marketTrdSummaries/ Description: Files in this folder are used as input to code 1_WelfareCalculation_actual_trades.R. They summarize historical water right trade transactions in each state. File Name: welfare_gain_by_state_sector.csv; Description: Welfare gains by state and sector, as shown in Figure 3F. Used in code Figure3.R and produced (as a .xlsx file) by code 2_DemandCurves_simulated_trades.R File Name: welfare_data_actual.rdata; Description: welfare gains by WMA from actual historical trades, as shown in Figure 3A. This data is the output of code 1_WelfareCalculation_actual_trades.R File Name: welfare_summary_simulated.xlsx; Description: Welfare gains by state as simulated by the market model in Scenario 1. Produced by code 2_DemandCurves_simulated_trades.R, and used in code 4_WelfareCalculation.R. File Name: welfare_summary_cutoffs.xlsx; Description: Welfare gains by state as simulated by the market model in Scenario 2. Produced by code 3_DemandCurves_simulated_trades_cutoffs.R, and used in code 4_WelfareCalculation.R. File Name: welfare_summary_cutoffs_SGMS.xlsx; Description: Welfare gains by state as simulated by the market model in Scenario 2a. Produced by code 3_DemandCurves_simulated_trades_cutoffs.R, and used in code 4_WelfareCalculation.R. File Name: welfare_data_actual.rdata; Description: Spatial data, actual historical welfare gains by WMA as shown in Figure 3A. Produced by code 4_WelfareCalculation.R and used by code Figure3.R. File Name: welfare_data_simulated.rdata; Description: Spatial data, simulated Scenario 1 welfare gains by WMA as shown in Figure 3B. Produced by code 4_WelfareCalculation.R and used by code Figure3.R. File Name: welfare_data_simulated_cutoffs.rdata; Description: Spatial data, simulated Scenario 2 welfare gains by WMA. Produced by code 4_WelfareCalculation.R and used by code Figure3.R. File Name: welfare_data_simulated_cutoffs_SGMA.rdata; Description: Spatial data, simulated Scenario 2a welfare gains by WMA. Produced by code 4_WelfareCalculation.R and used by code Figure3.R. Additional files are provided for efficient reproduction of tables and figures. These include: File Name: wma_thresold_dates_Scenario2(a).csv; Description: Wet vs. paper right threshold dates for each WMA. Shown in Figure 2A,B. Produced and used by code calculate_thresolds_Figure2.R File Name: WWRTradeBounds (directory); Description: Trade boundary shapefile required to reproduce Figure 3A-D. Used in code Figure3.R File Name: welfare_region_totals.csv; Description: Welfare gains for the entire study region, as shown in Figure 3E. Used in code Figure3.R File Name: Welfare_gain_by_state_sector.csv; Description: Welfare gains by state and sector, as shown in Figure 3F. Used in code Figure3.R and produced (as a .xlsx file) by code 2_DemandCurves_simulated_trades.R File Name: WECC_MERIT_5min_v3b_mask.nc; Description: Gridded file that identified which land grid cells are in the WBM model domain, used for processing in code Figure4.py File Name: Table_1.csv; Description: All data in Table 1, reproducible from WBM output files using code table_1.R

Economics↗