Abstract
This study explores various scenarios and flexibility mechanisms to integrate high penetrations of renewable energy into the US (United States) power grid. A linear programming model – POWER (Power system Optimization With diverse Energy Resources) – is constructed and used to (1) quantify flexibility cost-benefits of geographic aggregation, renewable overgeneration, storage, and flexible electric vehicle charging, and (2) compare pathways to a fully renewable electricity system. Geographic aggregation provides the largest flexibility benefit with ∼5–50% cost savings, but each region's contribution to the aggregate RPS (renewable portfolio standard) target is disproportionate, suggesting the need for regional-and-resource-specific RPS targets. Electric vehicle charging yields a lower levelized system cost, revealing the benefits of demand-side flexibility. However, existing demand response price structures may need adjustment to encourage optimal flexible load in highly renewable systems. Two scenarios with RPS targets from 20% to 100% for the US (peak load ∼729 GW) and California (peak load ∼62 GW) find each RPS target feasible from a planning perspective, but with 2× the cost and 3× the overgeneration at a 100% versus 80% RPS target. Emission reduction cost savings for the aggregated US system with an 80% versus 20% RPS target are roughly $200 billion/year, outweighing the $80 billion/year cost for the same RPS range.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.