An interregional optimization approach for time series aggregation in continent-scale electricity system models
Modeling electric power systems with high shares of weather-dependent resources requires tradeoffs between temporal, spatial, and operational resolution. Many studies perform time series aggregation using clustering algorithms to reduce the temporal dimension, but when modeling continent-scale electricity systems that are large enough to contain multiple independent weather systems, this approach requires large numbers of representative periods to minimize errors in regional wind and solar capacity factors. Here, a new optimization-based approach for representative period selection and weighting is introduced that minimizes regional errors in average renewable capacity factors and electricity demand. The method delivers higher regional fidelity with fewer representative periods than alternative clustering methods when applied to wind, solar, and demand profiles for the contiguous United States. When representative periods are selected from multiple weather years, the optimized method reproduces regional averages with lower error than a complete 365-day time series from any single weather year. The method identifies only representative (as opposed to outlying) periods but can be combined with an iterative "stress period" identification approach to guide efficient decision-making considering both average and high-risk weather conditions.