Engineering Papers⌕ Search

SEARCH · Engineering Papers

Results for “electricity price”

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 73 records · Page 4
All sourcesNASA NTRSDOE OSTI
DOE OSTI2025

Beyond Price Taker: Optimizing Integrated Energy Systems Considering Market/Grid Interactions

Integrated Energy Systems (IES) combine two or more processes to increase the efficiency, flexibility of operation, and the overall reliability. However, analyzing IESs in volatile electricity markets is challenging, since the volatility in electricity prices makes the conventional levelized cost-type analysis less realistic. This work presents two approaches to address the challenge: price-taker and a surrogates-based approach for incorporating market interactions. The price-taker approach formulates a multiperiod optimization problem that takes the time-varying electricity prices into account, and solves the optimization problem to determine the optimal operational schedule that maximizes the chosen economic metric. This approach is successfully applied to investigate the performance of flexible power and hydrogen co-production systems. The market surrogates approach trains a machine learning model to predict the market behavior as a function of the characteristics of the IES. The trained surrogate model is used to optimize the design and operation of the given IES in an electricity market. This approach is demonstrated on a case study involving a nuclear power plant retrofitted with a low-temperature electrolysis unit to co-produce power and hydrogen.

beyond price taker↗
DOE OSTI2023

Reinforcement-Learning-Based Smart Water Heater Control: An Actual Deployment

Utilizing smart control algorithms for electric water heaters (EWHs) is essential for fully harnessing the demand response (DR) potential of EWHs. For this reason, the use of reinforcement learning (RL) algorithms for EWHs has received increasing attention in recent years. However, existing RL approaches are either simulation-based or use pretrained RL agents. To this end, this paper presents the real-world deployment of a set of model-free RL approaches that aim to minimize the electricity cost of a EWH under a time-of-use electricity pricing policy using standard DR commands (e.g., shed, load up). The experiment results showed that the RL agents can help save electricity cost in the range of 11% to 14% compared to the baseline operation. This study demonstrated that RL-based EWH controllers can be deployed in real world without any prior training and can still save electricity cost.

deep learning↗
DOE OSTI2026

How Improved Forecasting Can Increase the Bulk Power System Value of Price-Responsive Electric Vehicle Managed Charging

Personal light-duty vehicle (LDV) electric vehicle managed charging (EVMC) can reduce power system costs by better aligning electric vehicle (EV) charging with locations and times of low energy cost or infrastructure use. The need to coordinate charging demand across thousands to millions of vehicles while preserving mobility service is a barrier to realizing the value of EVMC. Price-responsive dispatch mechanisms like time-of-use rates (TOU) and hourly real-time prices (RTP) are attractive compared to direct load control (DLC) because they only require one-way communications and local controls. However, increasing participation in price responsive mechanisms can induce costly-to-serve spikes in load and otherwise increase, rather than decrease, production costs. We quantify the ability of improved EVMC forecasting to sustain savings from price responsive mechanisms beyond the limit of 14% of LDVs actively participating observed in previous work. Perfect forecasting of price-responsive EV load makes TOU and RTP value-competitive with a low-error DLC formulation with up to 27% (within-week flexibility) to 45% or more (within-session flexibility) of LDVs participating in EVMC in an envisioned New England power system with 84% clean energy. Additional costs of implementing DLC should be no more than tens of dollars per vehicle-year if DLC is to be value-competitive with accurately forecast price-responsive EVMC for double-digit percentage shares of LDVs participating.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗
DOE OSTI2020

The impact of wind, solar, and other factors on the decline in wholesale power prices in the United States

Across multiple organized wholesale power markets in the United States, annual average prices declined by 19–64 dollars per MWh between 2008 and 2017 while retirements of thermal power plants accelerated. Several prominent changes over the last decade are often discussed as contributors to this decline in prices. These include growth in wind and solar, a reduction in the price of natural gas, and weakened load growth. Here we construct a fundamental supply curve model for each of seven organized wholesale market regions and use counterfactual simulations to assess the degree to which wind and solar—among other factors—have influenced wholesale electricity prices. We find that growth in wind and solar since 2008 reduced average annual wholesale electricity prices by less than 3 dollars per MWh. In contrast the decline in natural gas prices reduced wholesale prices by 7–53 dollars per MWh, depending on the region. This suggests that recent thermal-plant retirements in the U.S. are primarily due to low natural gas prices, not growth in wind and solar. Fully isolating the impact of individual factors, however, is limited by non-linear interactions between factors.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗
DOE OSTI2024

Investigating the effects of cooperative transmission expansion planning on grid performance during heat waves with varying spatial scales

There is growing recognition of the advantages of interregional transmission capacity to decarbonize electricity grids. A less explored benefit is potential performance improvements during extreme weather events. This study examines the impacts of cooperative transmission expansion planning using an advanced modeling chain to simulate power grid operations of the United States Western Interconnection in 2019 and 2059 under different levels of collaboration between transmission planning regions. Two historical heat waves in 2019 with varying geographical coverage are replayed under future climate change in 2059 to assess the transmission cooperation benefits during grid stress. The results show that cooperative transmission planning yields the best outcomes in terms of reducing wholesale electricity prices and minimizing energy outages both for the whole interconnection and individual transmission planning regions. Compared to individual planning, cooperative planning reduces wholesale electricity prices by 64.3 % and interconnection-wide total costs (transmission investments + grid operations) by 34.6 % in 2059. It also helps decrease greenhouse gas emissions by increasing renewable energy utilization. However, the benefits of cooperation diminish during the widespread heat wave when all regions face extreme electricity demand due to higher space cooling needs. Despite this, cooperative transmission planning remains advantageous, particularly for California Independent System Operator with significant diurnal solar generation capacity. This study suggests that cooperation in transmission planning is crucial for reducing costs and increasing reliability both during normal periods and extreme weather events. It highlights the importance of optimizing the strategic investments to mitigate challenges posed by wider-scale extreme weather events of the future.

24 POWER TRANSMISSION AND DISTRIBUTION↗
DOE OSTI2022

Network Optimization of the Electrosynthesis of Chemicals from CO2

Carbon dioxide electroreduction (ECO2R) is gaining attention due to its capacity to mitigate CO2 emissions while using electricity that would otherwise be curtailed. Its foreseeable industrial implementation requires of holistic methods to assess the technological and economic performance of ECO2R processes and integrate them in current chemical supply chains and power systems. Here, we combine techno-economic assessment and mathematical programming to find the optimal paths to electroreduce CO2 into valuable chemicals under variable electricity prices. The proposed approach is tested with a case study addressing the CO2 capture from flue gas or direct air and its electricity-powered reduction into carbon monoxide, formic acid or multi-carbon compounds. The results obtained demonstrate the ability of the framework to build ECO2R networks and provide operation profiles that respond to fluctuating electricity prices.

carbon dioxide↗
DOE OSTI2021

Integrating Solar Energy, Desalination, and Electrolysis

Solar electricity enables the advancement and deployment of technologies that are strongly influenced by clean energy availability and cost. The economics of both desalination and hydrogen production from water electrolysis are dominated by the cost of energy, and the availability of inexpensive solar energy creates markets and offers incentives to the desalination and electrolyzer industries. In this report the production of high-purity water and hydrogen from seawater is focused on. Current electrolyzers require deionized water so they need to be coupled with desalination units. It is shown that such coupling is cost effective in hydrogen generation, and it also offers benefits to thermal desalination, which can utilize waste heat from electrolysis. Furthermore, such coupling can be optimized when electrolyzers operate at high current density, using low-cost solar and/or wind electricity, as such operation increases both hydrogen production and heat generation. Results of technoeconomic modeling of polymer electrolyte membrane electrolyzers define thresholds of electricity pricing, current density, and operating temperature that make clean electrolytic hydrogen cost competitive with hydrogen from steam methane reforming (SMR). By using 2020 hourly electricity pricing in California and Texas, it is estimated that hydrogen can be produced from seawater in coupled desalination-electrolyzer systems at prices near $2 kg -1 H 2 , reaching cost parity with hydrogen produced from SMR.

14 SOLAR ENERGY↗
DOE OSTI2020

Photovoltaic Cleaning Frequency Optimization Under Different Degradation Rate Patterns

Dust accumulation significantly affects the performance of photovoltaic modules and its impact can be mitigated by various cleaning methods. Optimizing the cleaning frequency is essential to minimize the soiling losses and, at the same time, the costs. However, the effectiveness of cleaning lowers with time because of the reduced energy yield due to degradation. Additionally, economic factors such as the escalation in electricity price and inflation can compound or counterbalance the effect of degradation on the soiling mitigation profits. The present study analyzes the impact of degradation, escalation in electricity price and inflation on the revenues and costs of cleanings and proposes a methodology to maximize the profits of soiling mitigation of any system. Here, the energy performance and soiling losses of a 1 MW system installed in southern Spain were analyzed and integrated with theoretical linear and nonlinear degradation rate patterns. The Levelized Cost of Energy and Net Present Value were used as criteria to identify the optimum cleaning strategies. The results showed that the two metrics convey distinct cleaning recommendations, as they are influenced by different factors. For the given site, despite the degradation effects, the optimum cleaning frequency is found to increase with time of operation.

14 SOLAR ENERGY↗
NASA NTRS1982

Performance and operational economics estimates for a coal gasification combined-cycle cogeneration powerplant

A performance and operational economics analysis is presented for an integrated-gasifier, combined-cycle (IGCC) system to meet the steam and baseload electrical requirements. The effect of time variations in steam and electrial requirements is included. The amount and timing of electricity purchases from sales to the electric utility are determined. The resulting expenses for purchased electricity and revenues from electricity sales are estimated by using an assumed utility rate structure model. Cogeneration results for a range of potential IGCC cogeneration system sizes are compared with the fuel consumption and costs of natural gas and electricity to meet requirements without cogeneration. The results indicate that an IGCC cogeneration system could save about 10 percent of the total fuel energy presently required to supply steam and electrical requirements without cogeneration. Also for the assumed future fuel and electricity prices, an annual operating cost savings of 21 percent to 26 percent could be achieved with such a cogeneration system. An analysis of the effects of electricity price, fuel price, and system availability indicates that the IGCC cogeneration system has a good potential for economical operation over a wide range in these assumptions.

Nainiger, J. J.↗
DOE OSTI2021

Efficient prediction of concentrating solar power plant productivity using data clustering

Concentrating solar power (CSP) plants convert solar energy to electricity and can be deployed with a thermal storage capability to shift electricity generation from time periods with available solar resource to those with high electricity demand or electricity price. Rigorous optimization of plant design and operational strategies can improve the market-competitiveness and commercial viability; however, such optimization may require hundreds of annual performance simulations, each of which can be computationally expensive when including considerations such as optimization of dispatch scheduling, sub-hourly time resolution, and stochastic effects due to uncertain weather or electricity price forecasts. This paper proposes a methodology to reduce the computational burden associated with simulation of electricity yield and revenue for CSP plants over a single- or multi-year period. Data-clustering techniques are employed to select a small number of limited-duration time blocks for simulation that, when appropriately weighted, can reproduce generation and revenue over a single year or within each year of a multi-year period. After selection of appropriate data features and weighting factors defining similarity between time-series profiles, the methodology captured annual revenue within 2.3%, 1.7%, or 1.2% using simulation of 10, 30, or 50 three-day exemplar time blocks, respectively, for each of three single-year location/weather/market scenarios and five plant configurations ranging from low to high solar multiple and storage capacity. When applied to multi-year datasets, the proposed methodology can capture inter-year variability that is unavailable from typical meteorological year (TMY) datasets while simultaneously requiring simulation of less than a single year of data.

14 SOLAR ENERGY↗
DOE OSTI2020

Modulating thermal load through lightweight residential building walls using thermal energy storage and controlled precooling strategy

Precooling is a recognized technique for reducing cooling energy in buildings during peak hours by shifting load to off-peak hours. This technique is particularly effective in buildings with high thermal mass, because of their large thermal energy storage capacity, and in commercial buildings due to their variable electricity pricing based on time-of-use rates. Precooling in residential buildings has been a matter of limited interest in the past because of their low thermal mass and typically uniform electricity pricing rate. While previous studies on precooling primarily focused on cost savings, an important aspect of precooling is the thermal load modulation, which could be very effective in managing peak demand in lightweight residential buildings integrated with thermal energy storage systems. In this study, we examine different precooling strategies to manage the heat gains in lightweight building walls integrated with phase-change materials. We create nine different precooling profiles by controlling the interior temperature, and then evaluate the influence of the precooling profiles on four key building energy performance parameters: total heat gain, peak heat gain, maximum heat gain during peak hours, and time at which peak occurs. To thoroughly understand the fundamental physics, we first consider hypothetical climates and obtain the optimal precooling strategy required to achieve maximum peak shedding and shifting while minimizing the total heat gains. We then extend the model to Baltimore, Maryland, and estimate the benefits of the optimized precooling strategy under real conditions. The optimal precooling strategy proposed in this study can shift the peak heat gain by up to 14 hours, thereby reducing the heat gain during peak period by up to 95%, at the expense of a 23% increase in the total heat gains.

32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗
DOE OSTI2023

Insights into Methodologies and Stochastic Optimization of Thermal Energy Storage-Coupled Advanced Reactor Systems: A Comparison of Methods for Accessing Long-Term Sub-System Sizing Adequacy

This paper investigates the potential of coupling Thermal Energy Storage (TES) with Advanced Reactors (ARs) to address uncertainties posed by climate change in deep decarbonized power systems. The TES Use-case Team at Idaho National Laboratory (INL) has examined the potential of storing thermal energy from ARs during low demand periods and optimizing discharge during peak-priced hours, in both steady-state and transient conditions. Building on this groundwork, this study bridges the gaps in optimal sizing of the sub-system of TES-coupled AR systems using Risk Analysis Virtual Environment (RAVEN) and Holistic Energy Resource Optimization Network (HERON), INL?s framework for grid optimization. By applying this framework, we present statistically-robust optimal charge, discharge including balance of plant (BOP), and storage sizing for the High-Temperature Gas-Cooled Reactor (HTGR) with 203 MWth output. To this end, we generated synthetic price samples for 30 years using 2018 ? 2021 real-time market data from ERCOT, PJM and MISO. Our results reveals that the TES-coupled HTGR system is highly effective in maximizing revenue from electricity sales. We observed a substantial increase of 40 % in ERCOT and a noteworthy 15 % increase in PJM and MISO when compared to the conventional BOP without TES. This improvement is achieved through regionally-tailored sub-system sizing, which ranges from 398 to 416 MWth for the discharge system and 610 to 1029 MWth for the TES. We find that the average electricity price directly impacts the overall economics, while price volatility influences storage size. Additional sensitivity analyses were performed to access the impact of key assumptions on system economics and sizing, differentiating the optimization window (i.e., 24 ? 219 hours of chronological observations) and by imposing storage continuity condition in tracking TES cycles. We observed that at the 120-hour of the optimization window, a reasonable balance between computation time and accuracy was achieved. Our analysis also highlights the significance of conducting multi-day cycle analysis (> 120-hour) for TES to capture interaction between electricity prices and storage dynamics, providing a comprehensive understanding of TES behavior that AR developers should integrate into their plant designs.

25 ENERGY STORAGE↗
DOE OSTI2020

Understanding the Charging Flexibility of Shared Automated Electric Vehicle Fleets

The combined anticipated trends of vehicle sharing (ride-hailing), automated control, and powertrain electrification are poised to disrupt the current paradigm of predominately owner-driven gasoline vehicles with low levels of utilization. Shared, automated, electric vehicle (SAEV) fleets offer the potential for lower cost and emissions and have garnered significant interest among the research community. While promising, unmanaged operation of these fleets may lead to unintended negative consequences. One potentially unintended consequence is a high quantity of SAEVs charging during peak demand hours on the electric grid, potentially increasing the required generation capacity. This research explores the flexibility associated with charging loads demanded by SAEV fleets in response to servicing personal mobility travel demands. Travel demand is synthesized in four major United States metropolitan areas: Detroit, MI; Austin, TX; Washington, DC; and Miami, FL. In each of these four cities, SAEV simulations are performed using local projected electricity prices from the Regional Energy Deployment System (ReEDS) for a handful of supply side scenarios. A coordinated charging model is introduced that seeks to reduce fleet charging costs in response to time-varying electricity prices and increasing shares of personal trip demand served (between 1% and 25% of all metro trips served by the SAEV fleet). Simulation results are presented across various scenarios assuming fleetwide coordination to minimize charging energy costs while constrained by offering adequate mobility service to fleet customers. The results indicate that the SAEV charging load is highly flexible; energy costs were shown to reduce between 13% and 46% across a wide range of simulated scenarios. In addition, these savings were realized without detrimentally impacting the fleet’s ability to service trips.

autonomous vehicle↗
DOE OSTI2020

Optimizing an Integrated Solar-Electrolysis System (CRADA CRD-18-749 Final Report)

Electrolysis powered by renewable sources provides a range of potential values such as carbon-free fuel for power, heat, or transportation; storage; and ancillary grid services. Each of these potential benefits has been studied as individual value streams. However, real-world demonstrations of these benefits working in concert are limited in the United States today as electrolyzers lack access to wholesale electricity prices. High power prices make electrolysis uncompetitive compared to traditional steam methane reformation (SMR). A potentially cost-effective way to demonstrate the value of renewable electrolysis is by powering an electrolyzer directly from a renewable generation source rather than from the electric grid. Integrated with a renewable generation source, the cost of fueling an electrolyzer is the opportunity cost of not selling power from the renewable plant to the grid - effectively, the wholesale electricity price. Additionally, an electrolyzer tied directly to a renewable generator potentially reduces excess generation and increases the value of the ancillary services that the renewable generator can provide to the grid.

08 HYDROGEN↗
DOE OSTI2021

Integrating Cambium Marginal Costs into Electric Sector Decisions: Opportunities to Integrate Cambium Marginal Cost Data into Berkeley Lab Analysis and Technical Assistance

NREL’s Cambium tool generates forward-looking simulations of marginal wholesale electricity costs associated with NREL’s Standard Scenarios. The scenarios include growing shares of variable renewable energy (VRE, i.e. wind and solar), among other power sector assumptions, between 2018 and 2050. The tool’s primary output—hourly costs at more than 130 balancing areas—could serve as public and transparent data source that supports electric-sector decision-making processes across the U.S. Berkeley Lab conducts a large range of analyses that use historical and forward-looking wholesale electricity prices to inform electric-sector decisions. In this report, Berkeley Lab uses its expertise to evaluate the Cambium cost data. We compare Cambium data with historical wholesale prices for the year 2018 and other modeled prices for the year 2030. We then present eight case studies in which Berkeley Lab researchers use Cambium data to replicate previous analyses based on other price datasets. We describe where primary findings and underlying key price dynamics align or differ, and highlight possible novel insights from the Cambium data. Finally, we qualitatively evaluate the suitability of Cambium costs in ten additional Berkeley Lab studies, though a direct comparison with alternative price data was not feasible at this time. The goal is to inform how electric-sector decision-makers and DOE program offices may be able to use this cohesive dataset, and to highlight what improvements to Cambium may make it even more useful.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗
DOE OSTI2020

A Privacy Preserving Model-Free Optimization and Control Framework for Demand Response from Residential Thermal Loads

We consider the problem of optimizing the cost of procuring electricity for a large collection of homes managed by a load serving entity, by pre-cooling or pre-heating the thermal inertial loads in the homes to avoid procuring power during periods of peak electricity pricing. We would like to accomplish this objective in a completely privacy-preserving and model-free manner, that is, without direct access to the state variables (temperatures or power consumption) or the dynamical models (thermal characteristics) of individual homes, while guaranteeing personal comfort constraints of the consumers. We propose a two-stage optimization and control framework to address this problem. In the first stage, we use a long short-term memory (LSTM) network to predict hourly electricity prices, based on historical pricing data and weather forecasts. Given the hourly price forecast and thermal models of the homes, the problem of designing an optimal power consumption trajectory that minimizes the total electricity procurement cost for the collection of thermal loads can be formulated as a large-scale integer program (with millions of variables) due to the on-off cyclical dynamics of such loads. We provide a simple heuristic relaxation to make this large-scale optimization problem model-free and computationally tractable. In the second stage, we translate the results of this optimization problem into distributed open-loop control laws that can be implemented at individual homes without measuring or estimating their state variables, while simultaneously ensuring consumer comfort constraints. We demonstrate the performance of this approach on a large-scale test case comprising of 500 homes in the Houston area and benchmark its performance against a direct model-based optimization and control solution.

Sivaranjani, S.↗
DOE OSTI2020

An empirical study of moving horizon closed-loop demand response scheduling

The potential of electricity-intensive chemical plants to engage in demand response (DR) initiatives in support of power grid operations has been the subject of many conceptual studies. In this work, using an industrially-relevant model of an air separation unit, we undertake an extensive simulation study of moving horizon (MH) rescheduling approaches, where we "close the scheduling loop" based on updated information regarding disturbances such as changes in electricity prices, ambient conditions and chemical product demand. Our study produces several unexpected findings regarding the non-periodic nature of rescheduling solutions, the impact of the accuracy of disturbance forecasts on the economics of DR scheduling, and on the interplay of simultaneously dealing with fluctuations on both the supply side (i.e., electricity prices) and the product demand side of the plant. Furthermore, we posit that the latter fluctuations pose significant limitations to the potential of a chemical plant to engage in DR.

24 POWER TRANSMISSION AND DISTRIBUTION↗
DOE OSTI2024

Performance analysis of integrated Nuclear-Solar Energy system sharing same molten salt thermal energy storage

Advanced nuclear reactors may be deployed with integrated thermal energy storage to improve flexibility and maximize revenue. This presents opportunities for thermal integration with concentrating solar power (CSP) to generate component synergies and/or improve performance. Here in this study, a computational model is developed for an integrated nuclear and CSP system that both share the same molten salt thermal energy storage (TES). Optimized dispatch schedules are developed subject to various market conditions, and the ratio of the nuclear to CSP thermal output is also varied. Performance of the combined system is compared to separate nuclear and solar plants, to determine if there is an overall benefit that can be derived from sharing the TES. Given sufficient volatility in electricity prices (e.g., under CAISO market conditions), synergies of up to 8% in net revenue are observed as a result of sharing the same TES, primarily due to improved revenue from enabling operation of the turbine closer to its design point, as well as being able to better take advantage of higher electricity prices. The synergy benefits are largest when the nuclear and solar plants have similar thermal output. However, when prices are less volatile the opposite behavior can be observed and it can be preferable to operate the nuclear plant as a baseload generator.

14 SOLAR ENERGY↗