Engineering Papers⌕ Search

SEARCH · Engineering Papers

Results for “PRICES”

Search indexed NASA NTRS and DOE OSTI research on propulsion, heat transfer, battery materials and energy systems. Follow report and document links to the original sources.

Quote a phrase for an exact phrase match. Source license links do not imply unrestricted reuse.

At least 235 records · Page 13

Dynamic Price Vector Formation Model-Based Automatic Demand Response Strategy for PV-Assisted EV Charging Stations

A real-time price (RTP)-based automatic demand response (ADR) strategy for PV-assisted electric vehicle (EV) Charging Station (PVCS) without vehicle to grid is proposed. The charging process is modeled as a dynamic linear program instead of the normal day-ahead and real-time regulation strategy, to capture the advantages of both global and real-time optimization. Different from conventional price forecasting algorithms, a dynamic price vector formation model is proposed based on a clustering algorithm to form an RTP vector for a particular day. A dynamic feasible energy demand region (DFEDR) model considering grid voltage profiles is designed to calculate the lower and upper bounds. A deduction method is proposed to deal with the unknown information of future intervals, such as the actual stochastic arrival and departure times of EVs, which make the DFEDR model suitable for global optimization. Finally, both the comparative cases articulate the advantages of the developed methods and the validity in reducing electricity costs, mitigating peak charging demand, and improving PV self-consumption of the proposed strategy are verified through simulation scenarios.

14 SOLAR ENERGY↗

Photovoltaic (PV) Pricing Trends: Historical, Recent, and Near-Term Projections

This report helps to clarify the confusion surrounding different estimates of system pricing by distinguishing between past, current, and near-term projected estimates. It also discusses the different methodologies and factors that impact the estimated price of a PV system, such as system size, location, technology, and reporting methods. These factors, including timing, can have a significant impact on system pricing.

14 SOLAR ENERGY↗

Using Residential Solar PV Quote Data to Analyze the Relationship Between Installer Pricing and Firm Size

We use residential solar photovoltaic (PV) quote data to study the role of firm size in PV installer pricing. We find that large installers (those that installed more than 1,000 PV systems in any year from 2013 to 2015) quote higher prices for customer-owned systems, on average, than do other installers. The results suggest that low prices are not the primary value proposition of large installers.

14 SOLAR ENERGY↗

Photovoltaic System Pricing Trends: Historical, Recent, and Near-Term Projections 2015 Edition

This is the fourth edition in an annual briefing prepared jointly by LBNL and NREL intended to provide a high-level overview of historical, recent, and projected near-term PV system pricing trends in the United States. The briefing draws on several ongoing research activities at the two labs, including LBNL's annual Tracking the Sun report series, NREL's bottom-up PV cost modeling, and NREL's synthesis of PV market data and projections. The briefing examines progress in PV price reductions to help DOE and other PV stakeholders manage the transition to a market-driven PV industry, and integrates different perspectives and methodologies for characterizing PV system pricing, in order to provide a broader perspective on underlying trends within the industry.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗

Photovoltaic System Pricing Trends: Historical, Recent, and Near-Term Projections 2013 Edition (Presentation)

This briefing provides a high-level overview of historical, recent, and projected near-term PV system pricing trends in the United States, drawing on several ongoing research activities from the Lawrence Berkeley National Laboratory and the National Renewable Energy Laboratory. It also discusses the different methodologies and factors that impact the estimated price of a PV system, such as system size, location, technology, and reporting methods. These factors, including timing, can have a significant impact on system pricing.

14 SOLAR ENERGY↗

Photovoltaic System Pricing Trends: Historical, Recent, and Near-Term Projections. 2014 Edition (Presentation)

This presentation, based on research at Lawrence Berkeley National Laboratory and the National Renewable Energy Laboratory, provides a high-level overview of historical, recent, and projected near-term PV pricing trends in the United States focusing on the installed price of PV systems. It also attempts to provide clarity surrounding the wide variety of potentially conflicting data available about PV system prices. This PowerPoint is the third edition from this series.

14 SOLAR ENERGY↗

SSL Pricing and Efficacy Trend Analysis for Utility Program Planning

An LED lamp or luminaire can generally be found that matches or exceeds the efficacy of benchmark technologies in a given product category, and LED products continue to expand into ever-higher lumen output niches. However, the price premium for LED continues to pose a barrier to adoption in many applications, in spite of expected savings from reduced energy use and maintenance. Other factors—such as dimmability and quality of light—can also present challenges. The appropriate type, timing, and magnitude of energy efficiency activities will vary from organization to organization based on local variables and the method of evaluation. A number of factors merit consideration when prioritizing activities for development. Category-specific projections for pricing and efficacy are provided herein to assist in efficiency program planning efforts.

COST↗

Kernel-Correlated Levy Field Driven Forward Rate and Application to Derivative Pricing

We propose a term structure of forward rates driven by a kernel-correlated Levy random field under the HJM framework. The kernel-correlated Levy random field is composed of a kernel-correlated Gaussian random field and a centered Poisson random measure. We shall give a criterion to preclude arbitrage under the risk-neutral pricing measure. As applications, an interest rate derivative with general payoff functional is priced under this pricing measure.

97 MATHEMATICS AND COMPUTING↗

Non-monotonic effects of market concentration on prices for residential solar photovoltaics in the United States

We report that emerging renewable energy markets may become more concentrated over time as the most efficient firms accumulate market share. The effects of this market concentration on prices are tested using a rich dataset of residential solar photovoltaic (PV) systems in the United States. A novel hypothesis is explored that the effects of market concentration may be non-monotonic. Prices may decline in market concentration due to efficiency gains associated with returns to scale but increase in concentration in already concentrated markets due to increasing market power. Finally, the results of an econometric model provide evidence to support the non-monotonic hypothesis. However, the data suggest that the relationship between prices and firm scale is nuanced, and that both large- and small-scale PV installers may wield efficiency advantages.

14 SOLAR ENERGY↗

Optimize heat prosumers' economic performance under current heating price models by using water tank thermal energy storage

Due to heat prosumers' dual roles of heat producer and heat consumer, the future district heating (DH) systems will become more flexible and competitive. However, the current heating price models have not yet supported the reverse heat supply from prosumers to the central DH system, which means the prosumers would gain no economic benefit from supplying heat to the central DH system. These unidirectional heating price models will reduce interest in prosumers, and thus hinder the promotion of prosumers in DH systems. This study aimed to optimize prosumers' economic performance under the current heating price models by introducing water tank thermal energy storage (WTTES). A dynamic optimization problem was formulated to explore prosumers' economic potentials. The size parameter of WTTESs was swept in prosumers to obtain the optimal storage size considering the trade-off between the payback period and the heating cost saving. The proposed method was tested on a campus DH system in Norway. The results showed that the prosumer's annual heating cost was saved up to 9%, and the investment of WTTES could be recovered in less than ten years. This study could provide guidelines on improving prosumers' economic performance and promote the development of prosumers during the transformation period of DH systems.

Li, H↗

Scenario-based analysis of electric vehicle adoption in the United States: Technology, infrastructure, and electricity pricing

This work investigates the impact of battery technology advancement, charging infrastructure development, and time-of-use (TOU) electricity pricing on vehicle adoption by 6 powertrain types in the United States through 2050. Using the Market Acceptance of Advanced Automotive Technologies (MA3T) model, we simulate 15 scenarios, examining individual cost factors and their combinations. We assess outcomes through market share, consumer surplus, and energy consumption. Results show that battery cost reductions are the strongest driver of EV adoption, increasing 2050 battery electric vehicle (BEV) share by 27 percentage points over baseline, raising annual consumer surplus by $511 per household, and reducing cumulative energy consumption by 16,610 trillion Btu. These gains are two to five times larger than those from other individual factors. Reducing home charging installation costs produces moderate impact, while TOU pricing alone yields only small gains, raising 2050 BEV market share by 1–2 percentage points. However, when cost factor improvements are combined, their effects are amplified beyond simple additivity. Pairing modest battery cost reductions with charging installation cost reductions and TOU pricing results in the largest 2050 BEV sales combined impact. The analysis demonstrates that moderate progress targeting multiple cost barriers may be more impactful than focusing on any single barrier.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

Revisiting the relationship between demand growth and electricity prices

Here, in this Commentary, we aim to clarify the relationship between electricity demand and prices in the short- and longer-term. We outline three dimensions that shape this relationship: system capacity utilization, system expansion costs, and cost allocation in the rate design process. We explain why demand growth has historically been largely associated with falling electricity prices and explore arguments that future C&I demand growth may increase prices.

O'Shaughnessy, Eric [Lawrence Berkeley National La↗

Endogenous Interface Pricing for Consistent Transmission–Distribution Co-Optimization With Discrete Distribution Controls

This paper proposes an endogenous interface pricing model for day-ahead transmission–distribution co-optimization that co-determines the interface locational marginal price (LMP) and the transmission–distribution exchange, ensuring price–dispatch consistency while optimally scheduling discrete distribution controls. The formulation couples a DC optimal power flow (OPF) with a branch-flow AC OPF that schedules distributed energy resources (DERs), tap-changer settings, capacitor banks (CBs), and multi-period energy storage systems (ESSs) under feeder voltage and current limits, and is solved as a mixed-integer second-order cone program (MISOCP). In a T14–D33 system, coordinated device scheduling recovers about 90% of the distribution-to-transmission export achievable in a reference case that ignores distribution network (DN) limits, while satisfying a 1.05 p.u. voltage upper bound. In a T39–D34/D37/D123 system, a sequential decoupled benchmark produces interface LMP distortions up to 12.5% and a 7.28% mismatch in net export energy, whereas the proposed model removes these distortions and the associated settlement mismatches. Second-order cone (SOC) relaxation gaps remain below $10^{-3}$ in all cases.

Noh, Seung-Gil↗

Passivity-based stability analysis of dynamic electricity pricing with power flow

This paper deals with passivity-based stability analysis of dynamic electricity pricing considering power flow. In the near future electricity market, power consumers and generators will participate in electricity market trading as market players. For such a market trading system, the dynamic pricing procedure is required to consider the intermittent participation of power consumers and generators. Then, this paper discusses the stability of the electricity market trading system including power flow using passivity analysis. This paper also shows that the optimal power demand, supply and electricity prices are asymptotically stable and these values are derived in a distributed manner through market trading.

Okawa, Yoshihiro↗

Correlation between Generator Trips and Locational Marginal Prices (LMPs)

Generally, disturbances in an interconnected network have an influence the stability and the economy of the power grid. Some phenomenon such as load shedding have proven to have a huge impact on real time electricity prices. Generation trip is considered one of the most common events in a power grid that may change the wholesale electricity market. In this paper, a locational marginal price (LMP) measure is used to notice how the electricity prices change with generator trip events at different locations of U.S. power grid. The study results help to find whether there is a clear correlation between generator trips and the changes in the electricity real-time market.

Alharbi, Abdulelah↗

Game-Theoretic Approach for Electricity Pricing Between Distribution System Operator and Load Aggregators

Transactive energy has emerged and gained more and more attention in recent years along with smart grid two-way communication technologies. Electricity pricing strategies play a critical role in influencing and shaping the customers’ energy load profile. In this paper, we investigate the electricity pricing strategy between a distribution system operator (DSO) and load aggregators (LAs) by adopting a bi-level Stackelberg game approach. With the purpose of maximizing its own operating revenue as well as better serving its customers, the upper level DSO will determine the price considering how lower level LAs will respond to it. Peak-to-average ratio of the total demand is modeled as a constraint and peak load is penalized at the upper optimization level. Classical backward induction is used to obtain a Nash equilibrium for the formulated bi-level Stackelberg game. Numerical results demonstrate the effectiveness of the proposed game approach in leveraging flexible demand potential to benefit both DSO and LAs.

Chen, Yang↗

Evaluating the Impact of Price-Responsive Load on Power Systems Using Integrated T&D Simulation

This paper explores the differences between simulating price-responsive load (PRL) interactions with power systems using integrated transmission and distribution (T&D) models and transmission-only (T-only) models. This analysis uses the Integrated Grid Modeling System (IGMS) software to capture 'ISO-to-appliance' simulations using a synthetic T&D model built on the PJM 5-Bus transmission network with multiple full-scale taxonomy feeders that include physics-based models of thousands of customers and PRLs. The results show important differences in the impacts of PRLs between integrated T&D and T-only models. Experiments with the synthetic integrated T&D dataset demonstrated that integrated T&D simulation revealed notably larger differences between the PRL and no-PRL cases for load, and prices compared to T-only simulation. Similarly, differences are observed between the price response of individual buildings and distribution feeders and the corresponding transmission bus in the integrated T&D simulations, which are difficult to capture in traditional T-only simulations.

24 POWER TRANSMISSION AND DISTRIBUTION↗