Engineering Papers⌕ Search

SEARCH · Engineering Papers

Results for “electricity 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 397 records · Page 22
All sourcesNASA NTRSDOE OSTI
DOE OSTI2022

Activating Opportunity Zones for Rapid Solar+Storage Deployment in Low Income Communities (Final Report)

Millions of Texans choose their own power provider, giving them the option to have low-cost and even renewable energy delivered through their retail electric plan. However, Texans with less disposable income often pay more for electricity and have limited access to green energy and emergency backup power even though the costs of solar and wind power are at record lows and continue to decline. The Powered for Good initiative aimed to help deliver clean, affordable, 100% renewable electricity to low-income households in Texas’s Competitive Retail Areas, where households can choose their electricity provider. Objectives: The primary goal of this project was to develop and validate one or more affordable solar+storage products (i.e., priced less than of $0.14/kWh) that Retail Electricity Providers (REP) can offer to LI households. The team achieved three objectives: 1. Investigate how to best reduce electricity costs and increase availability of emergency power for LI customers; 2. Build momentum for, and facilitate an approach to, a Texas-based pilot deployment of such solar+storage products, with a goal of greatly expanding this approach to a large segment of the LI population in Texas; 3. Provide the structural framework, finance model, and roadmap to potentially increase investment of solar+storage projects in LI communities across U.S. states when modified to meet their state-specific laws and regulations. The team evaluated the market of viable solutions for low-income Texans through interviews and focus groups with professionals and residents with lived experience. The team then piloted a low-cost retail electric product. Following the pilot, the team developed educational materials, including fact sheets, a Go Green Save Green interactive guide, and an Electricity Bill Analysis Tool. The team is now working to increase power resilience and reduce energy insecurity with micro solar and storage in partnership with local entities in the Harris County area. Key Findings: Informed by Powered for Good research, including the experiences on Texas residents and electricity system experts, the Powered for Good team developed a pilot that was implemented by Energy Well Texas, a new company formed in late 2020. The pilot featured a combination of a 100% clean residential energy offering delivered through the electrical grid plus a selection of batteries, lights and a solar panel that provided participants with varying levels of backup power. For the 8 customers who submitted previous bills, the Energy Well Texas pilot reduced energy bills by about 30%. In Houston, residents earning less than 30% of Area median Income (AMI) spend an average 13% of their income on energy or about $1,555 per year. Repeating the pilot results for these residents could yield $466 in savings per customer or about 4% of their income. While this will not end energy poverty, it is a big step toward that goal. The Powered for Good and Energy Well Texas teams are currently planning their post-pilot phase of service offerings.

14 SOLAR ENERGY↗
DOE OSTI2020

RODeO (Revenue Operation and Device Optimization Model) [SWR 20-67]

The Revenue, Operation, and Device Optimization (RODeO) model explores optimal system design and operation considering different levels of grid integration, equipment cost, operating limitations, financing, and credits and incentives. RODeO is a price-taker model formulated as a mixed-integer linear programming (MILP) model in the GAMS modeling platform. The objective is to maximizes the net revenue for a collection of equipment at a given site. The equipment includes generators (e.g., gas turbine, steam turbine, solar, wind, hydro, fuel cells, etc.), storage systems (batteries, pumped hydro, gas-fired compressed air energy storage, long-duration systems, hydrogen), and flexible loads (e.g., electric vehicles, electrolyzers, flexible building loads). The input data required by RODeO can be classified into three bins: 1) utility service data, which refers to retail utility rate information (meter cost, energy and demand charges), 2) electricity market data, which include energy and reserve prices, 3) other inputs, which refer to additional electrical demand, product output demand, technological assumptions, financial properties, and operational parameters.

Guerra Fernandez, Omar Jose↗
DOE OSTI2021

Advancing Equity in Utility Regulation

Increasingly, states are recognizing equity as a goal of utility regulation, going beyond traditionally stated objectives to ensure that electricity systems are reliable, safe, and fairly priced. State initiatives are critical not only to address historical inequities, but to ensure equitable benefits and burdens in the transition to net-zero emissions by 2050. This report provides four perspectives on advancing equity in electric utility regulation, from representatives of energy justice and consumer organizations and a leading utility in this area. The authors provide recommendations related to regulatory issues such as stakeholder engagement, defining "public interest," intervenor funding, electricity infrastructure siting, access to distributed energy technologies, consumer protections, bill affordability programs, rate design, program design, and metrics to track and evaluate results of policies, regulations, and programs intended to deliver equitable outcomes.

24 POWER TRANSMISSION AND DISTRIBUTION↗
DOE OSTI2023

Impact of Wildfires on Solar Generation, Reserves and Energy Prices

Wildfire seasons in the Western U.S. become more prolonged and intense in recent years bringing significant variability and uncertainty of solar generation. It greatly challenges the bulk power system and electricity market operation managed by California Independent System Operator (CAISO) as California leads both the wildfire records and the solar power integration. This study presents a screening-level analysis of the impact of wildfires on solar generation, operating reserve and energy prices applying historical real-world wildfire and market operation data. To the best of the authors knowledge, it is a first-of-its-kind study and will lay the foundation for market impact quantification and wildfire mitigation strategies design based on projected wildfire activities in future years.

electricity price↗
DOE OSTI2023

Rethinking the Price Formation Problem–Part 2: Rewarding Flexibility and Managing Price Risk

In this study, part 1 of this two-part paper describes the impact that uncertainty has on the design and analysis of price formation policies in the non-convex auctions conducted by U.S. wholesale electricity market operators. Using first a toy model and then a large-scale test system, Part 2 demonstrates the difference in prices under the idealized benchmark of ex ante convex hull pricing defined in Part 1 versus existing methods, in particular documenting the potential for suppression of volatility and therefore under-compensation of flexibility by existing methods. The examples highlight that inefficient spot price formation can induce inefficient forward commitments of generators, necessitating out-of-market intervention to restore a reliable and efficient operating plan.Given the potential side effects of existing policies for investment and operation, we suggest two elements in a reoriented approach to the price formation problem: first ensuring that prices exhibit full-strength volatility, and second ensuring that risk-averse market participants have sufficient ability to manage this volatility.

24 POWER TRANSMISSION AND DISTRIBUTION↗
DOE OSTI2023

Distribution Network Capacity Market Design: Marginal Distribution Capacity Pricing Mechanism for Efficient Investment and Cost Allocation

As electricity markets begin to shift from reliance on large, centralized power plants and towards distributed energy resources (DERs), there is a growing acknowledgement that more efficient planning, operations, and oversight is needed in the distribution system. This paper addresses one step in that direction by proposing an auction mechanism that uses a detailed distribution system planning model that allocates permits to end-used customers who request capacity to install new devices at their location and network upgrade contracts to utilities or 3rd-party companies who offer to upgrade system components. The resulting plan maximizes market surplus, that is, maximizes the total benefit to consumers minus the cost of network upgrades. We apply a marginal pricing scheme to the auction’s results such that the cost of each permits or contracts is differentiated by time and location, based on the Lagrangian multipliers of binding network constraints. These prices are shown to be no greater than the bid price of any awarded contract and no less than the offered cost of any awarded upgrade contract. Furthermore, the nonlinearity of power flows in the planning model result in an additional surplus that would be collected by the entity that hosts the auction, which could then be refunded to market participants or used to cover overhead costs of running the market. We provide four example auction results in a simple three-node distribution feeder to demonstrate the properties of the design. Results suggest that larger or more realistic case studies could be a promising next step.

24 POWER TRANSMISSION AND DISTRIBUTION↗
DOE OSTI2023

Hybrid Power Plant Bidding in Models of Future Electricity Systems

This paper proposes a stochastic model for hybrid power plants participation in day-ahead electricity markets, considering uncertainty in market prices and renewable generation. Additionally, it presents a methodology to incorporate this hybrid participation into existing production cost models (PCM), allowing the analysis and market design of future systems with high penetration of hybrids. These developments are illustrated using a wind-battery hybrid located in New York Independent System Operator (NYISO) footprint.

Kemp, Julie Mulvaney↗
DOE OSTI2020

Iquitos Solar Energy Integration Study

The National Renewable Energy Laboratory performed an evaluation of the technical and economic feasibility of incorporating solar photovoltaic (PV) resources into the Iquitos, Peru power system at the request of Peru's Ministerio de Energia y Minas (MINEM). The Iquitos power system is electrically islanded due to its remote location; heavy fuel oil is used to generate electricity in the system leading to high electricity generation costs from high fuel prices. Solar PV has the potential to provide locally derived energy to ensure a reliable, affordable, and equitable power grid for the Iquitos region.

14 SOLAR ENERGY↗
DOE OSTI2022

Opportunities for Hybrid Wind and Solar PV Plants in India

The share of variable renewable energy (VRE) on India's grid has surpassed 100 GW, and the government has ambitious plans reach 450 GW by 2030. One strategy to increase wind and solar PV deployment is through the co-location of wind and solar PV plants to form a single hybrid power plant. Hybrid plants have the potential to reduce transmission infrastructure costs and variability in the output power profile compared to a standalone plant with a single technology, and this resource analysis aims to take a first step towards quantifying the potential savings from hybridizing wind and solar PV plants in India and the size of this opportunity. We utilize a brute-force optimization to minimize the levelized cost of energy (LCOE) for standalone wind, standalone solar PV, and hybrid wind/solar PV plants across all of India. By comparing these LCOEs, we determine that locations where hybrid plants exhibit potential cost savings and grid benefits exhibit both; a high interconnection cost and; a wind capacity factor between roughly 34% and 38%. However, because our work does not capture the value of the electricity generated by looking at energy prices, nor does it quantify the potential of hybrids to provide other value streams such as firm capacity and reserves. Further, because the work does not compare solar PV and wind hybrids to alternative generation technologies or storage systems, it cannot be considered a holistic cost-benefit analysis.

14 SOLAR ENERGY↗
DOE OSTI2023

Cooled Gas Turbine and Combined Cycle Analysis for H 2 -CH 4 Fuel Mixes (Up to 100% H 2 )

In this study, a cooled gas turbine analysis was conducted for varying levels of hydrogen (H 2 ) blends with the natural gas. The ultimate goal is to have a gas turbine design that can be used for all the fuel blends (including 100% H 2 ) without any changes to the system. The technological developments in the cooling system, gas turbine design and materials that will be required for H 2 combustion were identified and analyzed in this study to develop an advanced gas turbine design for H 2 fuels. The study includes a combined cycle performance analysis with the H 2 fuel blends using the advanced gas turbine design developed in this study. A techno-economic analysis was conducted for analyzing the impact of the H 2 fuels on the levelized cost of electricity and cost sensitivities to fuel price and capacity factor.

03 NATURAL GAS↗
DOE OSTI2024

Cooled Gas Turbine and Combined Cycle Analysis for NH 3 -CH 4 Fuel Mixes (Up to 100% NH 3 )

In this study, a cooled gas turbine (GT) analysis was conducted for varying levels of ammonia (NH 3 ) blends with methane. The ultimate goal is to have a gas turbine design that can be used for all the fuel blends (including 100% NH 3 ) without any changes to the system. The technological developments in the cooling system, gas turbine design, and materials that will be required for NH 3 combustion were identified and analyzed in this study to develop an advanced gas turbine design for NH 3 fuels. The study includes a combined cycle performance analysis with the NH 3 fuel blends using the advanced gas turbine design developed in this study. A techno-economic analysis was conducted for analyzing the impact of the NH 3 fuels on the levelized cost of electricity and cost sensitivities to fuel price and capacity factor.

20 FOSSIL-FUELED POWER PLANTS↗
DOE OSTI2023

Development of Prototypical District-Scale Models

The U.S. has set the climate goal to achieve net-zero greenhouse gas emissions by 2050. District-scale solutions, which include scale-specific opportunities for energy and emissions savings, can be investigated and implemented to help accelerate decarbonization and progress toward this goal. However, there is currently a lack of district-scale models of buildings and community energy systems that can be used to evaluate potential district-scale technologies and strategies across a range of representative community types. This initial work aims to define and develop prototype district models that can be adapted to support the planning, design, and operation of buildings and energy systems in districts considering the complexity and interactions of diverse building loads, weather impacts, distributed energy resources (e.g., PV, EV, electric and thermal energy storage), electric and thermal grid systems, and pricing signals. An overall workflow for developing these prototype district models is established. Stakeholders and potential users of the prototype district models provided technical feedback. The specifications of the selected high priority districts were defined and documented in a scorecard format. An example prototype district model was implemented with the URBANopt platform workflows. A case study was performed to demonstrate the model application.

building energy modeling↗
NASA NTRS1978

Photovoltaic research and development status

The goals of the Photovoltaic R&D Program are to develop thin film semiconductor and novel photovoltaic conversion concepts, and to demonstrate the feasibility of producing these cells for a price of $100 - $300 per peak electric output (in 1975) by FY1985. The approaches that are used to determine which research should be funded are formal solicitations, an innovative concepts program which will be launched in FY79, and the review of unsolicited proposals.

Feucht, D. L.↗
DOE OSTI2023

Development of Prototypical District-Scale Models: Preprint

The U.S. has set the climate goal to achieve net-zero greenhouse gas emissions by 2050. District-scale solutions, which include scale-specific opportunities for energy and emissions savings, can be investigated and implemented to help accelerate decarbonization and progress toward this goal. However, there is currently a lack of district-scale models of buildings and community energy systems that can be used to evaluate potential district-scale technologies and strategies across a range of representative community types. This initial work aims to define and develop prototype district models that can be adapted to support the planning, design, and operation of buildings and energy systems in districts considering the complexity and interactions of diverse building loads, weather impacts, distributed energy resources (e.g., PV, EV, electric and thermal energy storage), electric and thermal grid systems, and pricing signals. An overall workflow for developing these prototype district models is established. Stakeholders and potential users of the prototype district models provided technical feedback. The specifications of the selected high priority districts were defined and documented in a scorecard format. An example prototype district model was implemented with the URBANoptTM platform workflows. A case study was performed to demonstrate the model application.

district↗
DOE OSTI2023

Synthetic Electricity Market Data Generation and HERON Use Case Setup of Advanced Nuclear Reactors Coupled with Thermal Energy Storage Systems

This study evaluates and optimizes advanced nuclear reactors coupled with thermal energy storage (TES) systems in an Integrated Energy System (IES) architecture to enable advanced nuclear power plants (A NPP) to participate in multi-commodity markets, thus enhancing their economic competitiveness. Nuclear-TES coupling scenarios studied herein are designed attenuate the nuclear heat dynamics and defer energy delivery to a later time, enabling the nuclear reactor to continue operating at or near steady-state design conditions as usual while also enabling flexible generation. Three A-NPPs, namely, an advanced light-water reactor (A LWR), a high temperature gas-cooled reactor (HTGR) and a liquid-metal fast reactor (LMFR) were selected as the initial use cases for demonstrating the technoeconomic of thermally balanced energy storage coupling design for thermal power extraction. Each of the reactor technologies were evaluated in two different electricity markets. Stochastic optimization approach was adopted which included the evaluation of price signals from the Pennsylvania-New Jersey-Maryland (PJM) market, and Electric Reliability Council of Texas (ERCOT), using an autoregressive moving average (ARMA) model. Risk Analysis Virtual Environment (RAVEN) tool and its dispatch optimization plugin, the Holistic Energy Resource Optimization Network (HERON), were used to perform dispatch and capacity optimization, using the price data provided by the ARMA models. The results from the Nuclear-TES use cases will be used to design and characterize dynamic integrated system behavior and feedback.

22 GENERAL STUDIES OF NUCLEAR REACTORS↗
DOE OSTI2024

Energy Storage to Enable Electricity as a Commodity

A lack of large-scale economical storage, demand-side flexibility, and the need to instantaneously balance supply and demand cause challenges for electricity as a commodity. With typical commodities, stock from periods of high production can be stored and sold during low production, smoothing demand and supply shocks. In electricity markets, high storage costs have long outweighed benefits, negating convenience yield; no-arbitrage models do not apply, and typical hedging strategies cannot be performed due to infinite carry costs. However, the mechanics of energy trading are changing due to advancing storage technologies, more price-responsive demands, and virtual bidding in electricity markets, shaping a system where electricity storage can be valued on factors other than diurnal arbitrage. We examine the valuation of electricity storage through the lens of commodity markets to assess the impacts of large-scale storage deployment.

energy storage↗
NASA NTRS1982

Solar thermal technologies benefits assessment: Objectives, methodologies and results for 1981

The economic and social benefits of developing cost competitive solar thermal technologies (STT) were assessed. The analysis was restricted to STT in electric applications for 16 high insolation/high energy price states. Three fuel price scenarios and three 1990 STT system costs were considered, reflecting uncertainty over fuel prices and STT cost projections. After considering the numerous benefits of introducing STT into the energy market, three primary benefits were identified and evaluated: (1) direct energy cost savings were estimated to range from zero to $50 billion; (2) oil imports may be reduced by up to 9 percent, improving national security; and (3) significant environmental benefits can be realized in air basins where electric power plant emissions create substantial air pollution problems. STT research and development was found to be unacceptably risky for private industry in the absence of federal support. The normal risks associated with investments in research and development are accentuated because the OPEC cartel can artificially manipulate oil prices and undercut the growth of alternative energy sources.

Gates, W. R.↗