A view to the future of natural gas and electricity: An integrated modeling approach

Energy Economics

Volumn 60, Issue , 2016, Pages 486-496

  Cole, Wesley J ^a   Medlock, Kenneth B ^b   Jani, Aditya ^c  

^a NATIONAL RENEWABLE ENERGY LABORATORY   (United States)

^b RICE UNIVERSITY   (United States)

^c Rice University   (United States)

Author keywords

Capacity expansion modeling; Electricity markets; Market integration; Natural gas markets

Indexed keywords

COMMERCE; ELECTRIC INDUSTRY; GAS INDUSTRY; GASES; NATURAL GAS; POWER MARKETS;

CAPACITY EXPANSION; ELECTRICITY SECTOR; INTEGRATED MODELING APPROACHES; MARKET INTEGRATION; NATURAL GAS DEMAND; NATURAL GAS MARKETS; REGIONAL DIFFERENCES; SPATIALLY RESOLVED;

ELECTRIC POWER SYSTEM INTERCONNECTION;

ELECTRICITY SUPPLY; ENERGY MARKET; INTEGRATED APPROACH; MODELING; NATURAL GAS;

EID: 84961892059     PISSN: 01409883     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.eneco.2016.03.005     Document Type: Article

References (35)

1. AEE Institute, Impacts of the Clean Power Plan on U.S. Natural Gas Markets and Pipeline Infrastructure. 2015.
2. Arora, Vipin, Estimates of the Price Elasticities of Natural Gas Supply and Demand in the United States. MPRA Paper No. 54232, 2014, U.S. Energy Information Administration ( http://mpra.ub.uni-muenchen.de/54232/).
3. Bernstein, M.A., Griffin, J.M., Regional Differences in the Price-Elasticity of Demand for Energy. 2006, National Renewable Energy Laboratory ( http://www.nrel.gov/docs/fy06osti/39512.pdf). (Sr-620-39512).
4. Brown, Stephen P.A., Krupnick, Alan, Walls, Margaret A., Natural gas: a bridge to a low-carbon future. Issue Brief, 2009, 09–11.
5. Cochran, Jaquelin, Zinaman, Owen, Logan, Jeffrey, Arent, Doug, Exploring the potential business case for synergies between natural gas and renewable energy. 2014, Joint Institute for Strategic Energy Analysis ( http://www.ourenergypolicy.org/wp-content/uploads/2014/04/synergies.pdf. Tp-6 A50–60052).
6. DOE, Quadrennial Energy Review: Energy Transmission, Storage, and Distribution Infrastructure. 2015, Department of Energy.
7. DOE, Wind Vision: A New Era for Wind Power in the United States. 2015, U.S. Department of Energy, Washington, DC ( http://www.energy.gov/sites/prod/files/WindVision_Report_final.pdf).
8. EIA, Review of Emerging Resources: U.S. Shale Gas and Shale Oil Plays. http://www.eia.gov/analysis/studies/usshalegas/pdf/usshaleplays.pdf, 2011.
9. EIA, Technically Recoverable Shale Oil and Shale Gas Resources: An Assessment of 137 Shale Formations in 41 Countries Outside the United States. http://www.eia.gov/analysis/studies/worldshalegas/pdf/overview.pdf, 2013.
10. EIA, Annual Energy Outlook 2014. 2014, US Energy Information Administration, Washington, DC (Doe/Eia-0383(2014)).
11. EIA, Natural Gas Electric Power Price. http://www.eia.gov/dnav/ng/ng_pri_sum_a_EPG0_PEU_DMcf_a.htm, 2014.
12. EIA, Electric Power Detailed State Data. http://www.eia.gov/electricity/data/state/, 2015.
13. EIA, Electric Power Monthly., 2015 June http://www.eia.gov/electricity/data/state/.
14. EPA, Carbon Pollution Emission Guidelines for Existing Stationary Sources: Electric Utility Generating Units. http://www.epa.gov/airquality/cpp/cpp-final-rule.pdf, 2015.
15. Hartley, P.R., Recent Developments in LNG Markets. 2014, Center for Energy Studies at Rice University's Baker Institute for Public Policy ( http://bakerinstitute.org/media/files/files/a81c74e2/CES-pub-DevelopmentsinLNG-122314.pdf).
16. Hartley, Peter, and Kenneth B. Medlock. 2006. “The Baker Institute World Gas Trade Model.” In Natural Gas and Geopolitics: 1970-2040, Edited by David Victor, Amy Myers Jaffe, and Mark Hayes. Cambridge University Press.
17. Henderson, James, The Potential Impact of North American LNG Exports. 2012, Oxford Institute for Energy Studies ( http://www.ourenergypolicy.org/wp-content/uploads/2013/10/NG-68.pdf).
18. Huntington, Hillard, Changing the game? Emissions and market implications of New Natural Gas supplies. Energy Modeling Forum Report, 26, 2013.
19. Kerr, Richard A., Natural gas from shale bursts onto the scene. Science 328:5986 (2010), 1624–1626, 10.1126/science.328.5986.1624.
20. Logan, Jeffrey, Heath, Garvin, Macknick, Jordan, Paranhos, Elizabeth, Boyd, William, Carlson, Ken, Natural Gas and the Transformation of the US Energy Sector: Electricity. 2012, Joint Institute for Strategic Energy Analysis ( http://www.fe.doe.gov/programs/gasregulation/authorizations/2012_applications/sierra_ex12_97/Ex._93_-_JISEA_Natural_Gas_GHG_LCA.pdf, Tp-6 A50–55538).
21. Logan, Jeffrey, Lopez, Anthony, Mai, Trieu, Davidson, Carolyn, Bazilian, Morgan, Arent, Douglas, Natural gas scenarios in the US power sector. Energy Econ. 40 (2013), 183–195.
22. Mai, Trieu, Barrows, Clayton, Lopez, Anthony, Hale, Elaine, Dyson, Mark, Eurek, Kelly, Implications of Model Structure and Detail for Utility Planning: Scenario Case Studies Using the Resource Planning Model. 2015, National Renewable Energy Laboratory, Golden, CO (Tp-6 A20–63972).
23. McJeon, Haewon, Edmonds, Jae, Bauer, Nico, Clarke, Leon, Fisher, Brian, Flannery, Brian P., Hilaire, Jérôme, et al. Limited impact on decadal-scale climate change from increased use of natural gas. Nature 514:7523 (2014), 482–485, 10.1038/nature13837.
24. Medlock, Kenneth B., Modeling the implications of expanded US shale gas production. Energy Strat. Rev. 1:1 (2012), 33–41.
25. Medlock, Kenneth B., Hartley, P.R., The Market Impacts of New Natural Gas-Directed Policies in the United States. 2015, Center for Energy Studies at Rice University's Baker Institute for Public Policy ( http://bakerinstitute.org/research/market-impacts-new-natural-gas-directed-policies-united-states/).
26. Medlock, K.B., Seitlheko, L., Econometric analysis of shale gas decline curves in the Barnett. Center for Energy Studies at Rice University's Baker Institute for Public Policy Working Paper, 2016 ( http://bakerinstitute.org/research/).
27. Medlock, Kenneth B., Jaffe, Amy Myers, Hartley, P.R., Shale Gas and US National Security. 2011, Center for Energy Studies at Rice University's Baker Institute for Public Policy ( http://bakerinstitute.org/research/shale-gas-and-us-national-security/).
28. Medlock, Kenneth B., Jaffe, Amy Myers, O'Sullivan, Meghan, The global gas market, LNG exports and the shifting US geopolitical presence. Energy Strat. Rev. 5 (2014), 14–25.
29. Patzek, T.W., Male, F., Marder, M., A simple model of gas production from hydrofractured horizontal wells in shales. AAPG Bull. 98:12 (2014), 2507–2529.
30. Shawhan, D., Taber, J., Zimmerman, R., Yan, J., Marquet, C., Schulze, W., Schuler, R., et al. A detailed power system planning model: estimating the long-run impact of carbon-reducing policies. 2015 48th Hawaii International Conference on System Sciences (HICSS), 2015, 2497–2506, 10.1109/HICSS.2015.300.
31. 2 emissions. Environ. Res. Lett., 9(9), 2014, 094008, 10.1088/1748-9326/9/9/094008.
32. Short, Walter, Sullivan, Patrick, Mai, Trieu, Mowers, Matthew, Uriarte, Caroline, Blair, Nate, Heimiller, Donna, Martinez, Andrew, Regional Energy Deployment System (ReEDS). NREL/TP-6 A20–46534, 2011.
33. Smith, S., EPA: Clean Power Plan Could Increase Power Sector Gas Use by 1.2 Tcf in 2020. SNL Financial, 2014 (June 2).
34. Sullivan, Patrick, Cole, Wesley, Blair, Nate, Lantz, Eric, Krishnan, Venkat, Mai, Trieu, Mulcahy, David, Porro, Gian, 2015 Standard Scenarios Annual Report: U.S. Electric Sector Scenario Exploration. NREL/Tp-6 A20–64072, 2015, National Renewable Energy Laboratory, Golden, CO.
35. Wilkerson, Jordan, Larsen, Peter, Barbose, Galen, Survey of Western U.S. electric utility resource plans. Energ Policy 66:March (2014), 90–103, 10.1016/j.enpol.2013.11.029.