Changes in the economic value of photovoltaic generation at high penetration levels: A pilot case study of California

Conference Record of the IEEE Photovoltaic Specialists Conference

Volumn , Issue PART 2, 2012, Pages

  Mills, Andrew D ^a   Wiser, Ryan H ^a  

^a LAWRENCE BERKELEY NATIONAL LABORATORY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

ANCILLARY SERVICE; FORECAST ERRORS; HIGH-TIME RESOLUTION; INVESTMENT DECISIONS; OPERATIONAL CONSTRAINTS; PENETRATION LEVEL; PHOTOVOLTAIC GENERATION; VARIABLE GENERATIONS;

ECONOMICS; FORECASTING;

INVESTMENTS;

EID: 84891126619     PISSN: 01608371     EISSN: None     Source Type: Conference Proceeding    
DOI: 10.1109/PVSC-Vol2.2013.6656763     Document Type: Conference Paper

References (32)

1. R. Wiser and M. Bolinger, "2010 Wind Technologies Market Report, " National Renewable Energy Laboratory, Golden, CO, Tech. Rep. DOE/GO- 102011-3322, Jun. 2011.
2. G. Barbose, N. Darghouth, R. Wiser, and J. Seel, "Tracking the Sun IV : An historical summary of the installed cost of photovoltaics in the United States from 1998 to 2010." Lawrence Berkeley National Laboratory, Berkeley, CA, Tech. Rep. LBNL-5047E, Sep. 2011.
3. H. Holttinen, P. Meibom, A. Orths, B. Lange, M. O'Malley, J. O. Tande, A. Estanqueiro. E. Gomez, L. Sder. G. Strbac, J. C. Smith, and F. vanHulle, "Impacts of large amounts of wind power on design and operation of power systems, results of lEA collaboration, " Wind Energy, vol. 14, no. 2, pp. 179-192, Mar. 2011.
4. A. Mills, A. Phadke, and R. Wiser, "Exploration of resource and transmission expansion decisions in the Western Renewable Energy Zone initiative, " Energy Policy, vol. 39, no. 3, pp. 1732-1745, Mar. 2011.
5. A. Mills, R. Wiser, and K. Porter, "The cost of transmission for wind energy in the United States: A review of transmission planning studies, " Renewable and Sustainable Energy Reviews, vol. 16, no. 1, pp. 1- 19, Jan. 2012.
6. P. L. Joskow, "Comparing the costs of intermittent and dispatchable electricity generating technologies, " The American Economic Review, vol. 101, no. 3, pp. 238-241, May 2011.
7. S. Borenstein, "The private and public economics of renewable electricity generation, " Journal of Economic Perspectives, vol. 26, no. 1, pp. 67-92, Feb. 2012.
8. R. Passey, T. Spooner, I. MacGiII, M. Watt, and K. Syngellakis, "The potential impacts of grid-connected distributed generation and how to address them: A review of technical and non-technical factors, " Energy Policy, vol. 39, no. 10, pp. 6280-6290, Oct. 2011.
9. R. Cossent, L. Olmos, T. Gmez, C. Mateo, and P. Fras, "Distribution network costs under different penetration levels of distributed generation, " European Transactions on Electrical Power, vol. 21, no. 6, pp. 1869-1888, Sep. 2011.
10. A. Mills and R. Wiser, "Changes in the economic value of variable generation with increasing penetration levels: A pilot case study of California, " Lawrence Berkeley National Laboratory, Berkeley, CA, Tech. Rep. LBNL-5445E, Jun. 2012. [Online]. Available: http://eetd.lbl.gov/ealemp/re-pubs. html.
11. D. J. Swider and C. Weber, "The costs of wind's intermittency in Germany: Application of a stochastic electricity market model, " European Transactions on Electrical Power, vol. 17, no. 2, pp. 151- 172, 2007. (Pubitemid 46525668)
12. C. De Jonghe, E. Delarue, R. Belmans, and W. D'Haeseleer, "Determining optimal electricity technology mix with high level of wind power penetration, " Applied Energy, vol. 88, no. 6, pp. 2231-2238, 2011.
13. U.S. Department of Energy (DOE), "20% Wind Energy by 2030: Increasing wind energy's contribution to U.S. electricity supply, " Tech. Rep. DOE/GO-I02008-2567, May 2008.
14. G. Brinkman, P. Denholm, E. Drury, R. Margolis, and M. Mowers, "Toward a Solar-Powered Grid, " IEEE Power and Energy Magazine, vol. 9, no. 3, pp. 24-32, Jun. 2011.
15. M. Nicolosi, A. Mills, and R. Wiser, "The importance of high temporal resolution in modeling renewable energy penetration scenarios, " TU Berlin, Berlin, Germany, Oct. 2010.
16. S. Ludig, M. Haller, E. Schmid, and N. Bauer, "Fluctuating renewables in a long-term climate change mitigation strategy, " Energy, vol. 36, no. 11, pp. 6674-6685, Nov. 2011.
17. S. Borenstein, The Market Value and Cost of Solar Photovoltaic Electricity Production. Berkeley, CA: UC Energy Institute, 2008.
18. A. D. Lamont, "Assessing the long-term system value of intermittent electric generation technologies, " Energy Economics, vol. 30, pp. 1208- 1231, May 2008. (Pubitemid 351305712)
19. R. Sioshansi and P. Denholm, "The value of concentrating solar power and thermal energy storage, " National Renewable Energy Laboratory, Golden, CO, Technical Report NREL-TP-6A2-45833, Feb. 2010.
20. S. Stoft, Power System Economics: Designing Markets for Electricity. Wiley/IEEE, 2002.
21. W. W. Hogan, "On an energy only electricity market design for resource adequacy, " Harvard Univeristy, Cambridge, MA, Tech. Rep., Sep. 2005. [Online]. Available: http://www.ucei.berkeley.eduPOWER-06/06Papers/8Hogan. pdf.
22. F. Miisgens, "Quantifying market power in the German wholesale electricity market using a dynamic multi-regional dispatch model, " The Journal of Industrial Economics, vol. 54, no. 4, pp. 471-498, 2006.
23. F. Musgens and K. Neuhoff, "Modelling dynamic constraints in electricity markets and the costs of uncertain wind output, " Cambridge, UK, Working Paper 05114, 2006.
24. Energy Information Administration (EIA), "Annual Energy Outlook, 2011, " Washington, DC, Tech. Rep., 2011.
25. F. Musgens and K. Neuhoff, "Electric power monthly with data for December 2012, " Washington, DC, 2013.
26. R. Piwko, K. Clark, L. Freeman, G. Jordan, and N. Miller, "Western Wind and Solar Integration Study, " National Renewable Energy Laboratory, Golden, CO, Tech. Rep., Feb. 2010, http://wind.nrel.gov/public/WWIS/.
27. H. Shiu, M. Milligan, B. Kirby, and K. Jackson, California Renewables Portfolio Standard Renewable Generation Integration Cost Analysis: Multi-year Analysis Results and Recommendations Final Report. California Energy Commission, Jun. 2006.
28. S. Pelland and I. Abboud, "Comparing photovoltaic capacity value metrics: A case study for the City of Toronto, " Progress in Photovoltaics: Research and Applications, vol. 16, no. 8, pp. 7 15-724, 2008.
29. S. H. Madaeni, R. Sioshansi, and P. Denholm, "Estimating the capacity value of concentrating solar power plants: A case study of the Southwestern United States, " IEEE Transactions on Power Systems, 2012.
30. E. Kahn, "The compatibility of wind and solar technology with conventional energy systems, " Annual Reviews Energy, vol. 4, pp. 313-352, 1979.
31. R. Perez, M. Taylor, T. Hoff, and J. Ross, "Reaching consensus in the definition of photovoltaics capacity credit in the USA: A practical application of satellite-derived solar resource data, " IEEE Journal of Selected Topics in Applied Earth Observations and Remote Sensing, vol. 1, no. 1, pp. 28-33, 2008.
32. A. Mills and R. Wiser, "Implications of wide-area geographic diversity for short-term variability of solar power, " Lawrence Berkeley National Laboratory, Berkeley, CA, Tech. Rep. LBNL-3884E, Mar. 2010.