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At least 883 records · Page 49

In Hot Water! The Challenges and Barriers of Decarbonizing Water Heating in Multifamily Buildings: Preprint

Domestic hot water heating is responsible for 32% of the total energy consumption in multifamily buildings and offers a significant decarbonization opportunity. An extensive market assessment was conducted to understand and document key technical and economic barriers to electrification of domestic water heating in multifamily buildings throughout the U.S. Through the program, 77 interviews were conducted to understand key market drivers and technical challenges associated with electrification of water heating systems in both retrofit and new construction scenarios. Interviewees encompassed a wide range of stakeholders in the ecosystem surrounding water heating systems, including suppliers, manufacturers, designers, owners, utilities, and developers. This paper documents key interview takeaways, including an extensive list of market barriers, technical challenges, and sought-after technology attributes that can inform pertinent design criteria for electric water heating research, development, and deployment efforts. Among economics and energy efficiency features, interviewees overwhelmingly alluded to space constraints, cold air exhaust, and lack of clear guidance regarding distributed versus centralized design selections as key challenges associated with mass adoption of electric water heating. Owners and developers seek systems with minimal footprint, which maximize rentable space and profits. Moreover, distributed heat pump solutions should balance ducting costs that mitigate cold exhaust entrainment into conditioned zones. Lastly, the market needs clear guidance regarding the selection of distributed versus central electric hot water systems.

challenges of water heating electrification↗

Economic Dispatch Optimization of Multi-Unit SMR Site

With the increase of integration of variable renewable into the grid, grid resilience can be compromised without flexible electricity suppliers. Flexible operation of NPP can expand the scope of integration of new nuclear power plants in regions with high share of renewables. It also provides opportunity to increase profits through participation in ancillary services. In this research, NuScale modules are used as the case study. NuScale is an integrated pressurized water reactor with thermal power of 250 MWth. Having multiple units can provide higher flexibility in changing power levels and supplying the grid with electricity all year long. Additionally, load-following might perturbate the ordered sequence of refueling (every 24 months for NuScale). To maintain the 2 year refueling cycles, the loading patterns will need to be adjusted in a year-to-year basis, resulting in additional unnecessary costs. Another solution is to find the optimal outage schedule. This will also shift the focus of the planned outage to a more optimized predictive outages and maintenance. Results from short-term optimization (i.e., daily participation in energy and ancillary services markets) shows that average commitment to regulation down ancillary service markets during late night and early morning hours can increase revenues. Participating in upward reserves during pre-work commuting hours and early evening hours can also generate additional revenues due to high ramp up of electricity demand. Having multiple units at a single site can also help operate flexibly. Results from long-term optimization show that daily fluctuation in electric power is usually handled by few units while other units operate on base-load profile. It is possible to combine base-load operation with flexible operation to extend component remaining useful life in some units and find optimal outage schedule for the units.

21 SPECIFIC NUCLEAR REACTORS AND ASSOCIATED PLANTS↗

High-Temperature Latent Heat Storage System using Transportable Heat Pipes for Versatile Integration with Emerging Microreactors

With the growing interest in the development of micro nuclear reactors and their application to microgrid, high-temperature thermal energy storage (TES) has also been receiving great attention as a technology to reinforce the energy utilization and profitability of this class of reactors. Given the importance and research needs of the TES technology, a research project is underway at Idaho National Laboratory (INL) to develop high-temperature TES that can be easily interfaced with emerging micro nuclear reactors. Currently under development is the Heat pipe-Integrated Thermal Battery (HITB), a novel latent heat storage design that enables flexible and robust integration with any design of currently considered micro nuclear reactors. The development of detailed design based on the proposed TES concept, HITB, requires not only development and validation of modeling and simulation capabilities, but also research that spans thermal performance analysis, component- and system-scale design optimization, and experimental demonstrations including high-temperature feasibility testing. The current research efforts (and plans) are divided into the following four areas: (i) Thermal and structural modeling and analysis at both system- and component-scales for evaluating performance and conducting design optimization, (ii) Small-scale experimental demonstrations for the key components of the proposed HITB design, (iii) Modelica-based dynamic model development for developing a control strategy under dynamic operation within integrated energy systems configuration, (iv) Integrated experimental testing and demonstration. This paper introduces the overall research efforts that have been and are being conducted to develop and demonstrate the novel design of the high-temperature latent heat storage device, HITB. The key design features, ongoing research efforts including the development of modeling and simulation capabilities, small-scale demonstrations of the HITB’s key functionalities prior to scaled-up experimental demonstration, are discussed. Then, this paper concludes with a remark on the future research plans for this project.

25 ENERGY STORAGE↗

Corrosion evaluation of metal foams in eutectic molten salts for high temperature latent heat energy storage application

High-temperature Thermal Energy Storage (TES) has drawn great attention as a technology that can increase the role and profitability of micro nuclear reactors in the decentralized clean energy market. Various research needs have been proposed by Idaho National Laboratory (INL) in "the Integrated Energy Systems: 2020 Roadmap" with the goal of utilizing the high temperature of 550 degrees or more generated in the 4th generation reactor to industrial purposes from the standpoint of integrated energy systems [1]. With the recent development of the 4th generation nuclear power plant, including micro nuclear reactor, there is a great deal of interest in researching how to efficiently couple a heat source to an industrial process through thermal processing. Texas A&M University (TAMU) and INL are currently collaborating to develop a novel latent heat storage design called HITB (Heat pipe-Integrated Thermal Battery). As part of the small-scale experimental demonstration research for HITB, a study for storage medium selection was conducted at TAMU. Eutectic salts have attracted interest as high-temperature heat storage medium for HITB. Especially, chloride molten salts and fluoride molten salts are considered promising candidates due to their high melting temperature, thermal stability, and high latent heat of fusion. Since eutectic salts have poor thermal conductivity in general, it is critical to distribute materials with high thermal conductivity evenly to facilitate the charging and discharging of heat. In this study, metal foam was considered in the HITB system to overcome the poor heat transfer characteristics of eutectic salts. In order to improve heat transfer, it is necessary to study materials with high thermal conductivity, corrosion resistant to molten salts, such as fins, extended surfaces, particles, microcapsulation, or foam structure. Porous structure of copper or aluminum can increase heat transfer area, form a thermal transfer network, and increase the effective thermal conductivity of thermal storage medium [2]. Since the melting temperature is required to be at least 450? in the current HITB design, various eutectic salts are being considered. FLiNaK and FLiBe, which are famous for fluoride salts, are good candidates, but due to the sharp rise in the price of LiF recently, they are excluded for economic reasons to be applied to large-capacity thermal energy storage. On the other hand, chloride salts are very cheap and easy to obtain, have a high melting temperature, and have a high latent heat of fusion, so they are recently in the spotlight as a phase change material. However, because of the hygroscopic nature of chloride salts, HCl gas due to impurity is easy to be released and is particularly vulnerable to corrosion. Chloride eutectic salts have been tested and suggested for metal alloys that are particularly resistant to corrosion, such as SS304, SS316, Hastelloy, Inconel 625, Incoloy 800H, which has low thermal conductivity, and is very expensive [3-6]. Porous materials with high thermal conductivity such as copper and aluminum have been tested for stability in fluids such as paraffin or water as metal foam or metal fin structures, but high temperature corrosion tests were not performed on various eutectic salts yet. Therefore, this study investigated the high temperature corrosion characteristics of metal alloys, such as C10100 foam, C10100 plate, 6101 alloy foam, and SS316 plate, while immersed in the candidate eutectic salts. A total of 20 tests for SS316 coupons and 10 tests for C10100 coupons were performed to ensure the repeatability of the present measurements. Since it is difficult to completely remove the salt inside metal foam due to the complex inner structure of the metal foam, only the surface condition was observed with a microscopy and scanning electron microscopy (SEM) image, except for measuring the corrosion rate and average mass loss.

25 ENERGY STORAGE↗

Simulation and Optimization of Volatile Fatty Acid Upgrading Strategies for Sustainable Transportation Fuel Production

The multicomponent nature of and variability of biomass makes chemical upgrading via a single process stream to a single end use infeasible for most feedstocks. A more promising approach is to identify upgrading strategies (encompassing bioprocessing, catalysis, and separations) which valorize varied biomass fractions to distinct products to which each is best suited. A robust procedure to carry out this goal should incorporate comparison of various upgrading procedures as well as suitability of products to a slate of identified end uses. We applied this strategy to one biomass-derived feedstock, volatile fatty acids (VFAs) derived from wet waste arrested anaerobic digestion, by developing a computer program, VFA Upgrading to Liquid Transportation fUels Refinery Estimation (VULTURE) which evaluates VFA catalytic upgrading to liquid transportation fuels. VULTURE considers multiple separations, catalysis (ketonization, hydrogenation), and fuel application options, generating hundreds of candidate scenarios for a given VFA stream, then selects several promising strategies that optimize bio-content of products with properties best suited for target fuel types. We find that VFAs are upgraded most efficiently when separate light alcohol (C3-6) and heavy hydrocarbon or alcohol (C7-13) fractions are targeted to create gasoline and heavy-duty (diesel or jet) fuels or fuel blends. Surrogate property testing of VULTURE-recommended fuels reveals that most predictive models employed are robust, while rigorous process simulation shows that the simple unit operation assumptions used in VULTURE are largely accurate, especially for heavy-duty fuel synthesis. Techno-economic and life-cycle analyses show that VFA-derived fuels are profitable and have dramatically (=57%) lower carbon intensities than fossil analogs.

BIOMASS FUELS↗

Industrial Waste to Value in the Circular Economy

This paper will outline a waste to value project currently underway. The project will profitably process 100,000 metric tons per year of secondary aluminum salt slag, which is currently landfilled, into recycled salt and refractory aggregate.

Ormond, Paul↗

Zero Energy Ready Out of the Box

In this conference paper for the ASHRAE Buildings XV conference, December 2022, PNNL staff share key metrics for companies who are combining off site construction with certification to the U.S. Department of Energy’s Zero Energy Ready Home program to create homes that are both cost effective to construct and high performance to live in. Key performance metrics and measures for modular, panelized, and SIP homes are compared against all homes in the DOE Zero Energy Ready Home program and against new homes built to code. These metrics show that off-site construction homes got similar or better energy performance to site-built homes, and in the case of modular and panelized, at considerably lower average cost than site-built homes. The paper also highlights the experiences of two DOE Zero Energy Ready Home builders who employ offsite construction methods. One builder constructs production homes using pre-assembled panels. The other builder designs and ships kit homes all over the United States. The paper will focus on the optimum value engineering aspects of the panelized construction processes used by each builder to identify management and production practices employed by the builders to operate profitably while meeting high energy performance goals, despite a year marked by skyrocketing materials costs and supply chain and labor shortages. Cost and labor savings methods will be discussed in the context of these two unique business models.

U.S. Department of Energy Building Technologies Pr↗

Preconceptual Designs of Coupled Power Delivery between a 4-Loop PWR and 100-500 MWe HTSE Plants

This study develops a preconceptual design for the integration between a large-scale high-temperature electrolysis facility and a NPP. Two hydrogen facility sizes are considered: 100 MWnom and 500 MWnom. Both steam supply designs use cold reheat steam extraction as a heat source. A reboiler inside the protected area of the power plant transfers steam heat to the demineralized water supply for the hydrogen plant. After the heat transfer, the extracted steam condenses and returns to the condenser while the process steam routes out of the protected area to the electrolyzers. Electrical power is tapped off from the high voltage side of the GSU transformer, where it is then transported via a 345-kV transmission line to the hydrogen facility. Circuit breakers and disconnects are located at both ends of the transmission line. Step down transformers and miscellaneous switchgear/buses are located at the end of the transmission line inside the HTEF boundary. Control capabilities for the steam interfacing equipment and electrical dispatch are accessible from the Main Control Room, and protective relays for the transmission line are located inside the Relay Room. Computer modeling was performed for the thermal and electrical designs. PEPSE analysis provided the steady-state parameters for thermal extraction from the turbine cycle. These parameters were used to inform transients and size equipment in combination with Applied Flow Technology (AFT) Arrow and AFT Fathom modeling for steam and water piping, respectively. Electrical transients were analyzed using PSCAD. An ETAP model was used to evaluate power flow and short circuit, which enabled the sizing of transformers and protective equipment. A cost estimate was developed for both integration designs when considering plant separation distances of 250 m and 500 m. From these estimates, the modifications for thermal and electrical interfacing of a first-of-a-kind nuclear-integrated hydrogen facility are anticipated to cost between $60–250/kWnom., where the subscript “nom” refers to the nominal size of the hydrogen plant. On a thermal power basis, the thermal power has a cost of approximately $8/MWth for a 500 MWnom high temperature electrolysis plant located 500 m distant from the NPP. That value decreases to approximately $7.5/MWth for a 250 m separation distance between the hydrogen plant and the NPP. This value is lower than previous estimates of the cost of heat extracted from NPPs primarily because in this work the steam is extracted from cold reheat instead of the main steam line, which reduces the cost of the dispatched steam by approximately $3.5/MWth. Nuclear steam extraction can provide a profit avenue for many plants and is not restricted to hydrogen production. Ammonia production, oil refining, and paper production, among other industrial processes all require thermal energy, which can be provided by NPPs. Future work should look further at the details of thermal extraction for a variety of use cases. This can include increased levels of extraction and multiple simultaneous users. Additionally, site-specific studies should be performed to develop industry experience and improve cost accuracy.

08 HYDROGEN↗

NA-213 Presentation.pdf

The Savannah River National Laboratory (SRNL) is one of 17 United States Department of Energy (DOE) National Laboratories. SRNL, a multi-program national laboratory, is a leading research and development institution for the Offices of Environmental Management and Legacy Management at the U.S. Department of Energy and the Weapons and Nonproliferation programs for the National Nuclear Security Administration. Battelle Savannah River Alliance, LLC (BSRA), a not-for-profit limited liability company, manages and operates SRNL for the DOE. BSRA board leadership includes Battelle Memorial Institute, Clemson University, University of South Carolina, South Carolina State University, University of Georgia, and Georgia Institute of Technology. Battelle Memorial Institute and the five universities are joined in partnership with preferred subcontractors TechSource and Longenecker & Associates with the singular purpose of maintaining SRNL as a best-in-class national laboratory. Scientists and Engineers at SRNL use leading edge science and technology to advance the Department of Energy’s critical mission outcomes.

Hasty, Timothy C.↗

Estimating the Value of Nuclear Integrated Hydrogen Production and the Dependency of Electricity and Hydrogen Markets on Natural Gas

Producing low carbon Hydrogen at a competitive price is one of the challenges to hydrogen being part of the solution to reach net-zero emission targets set by the U.S. DOE by 2050. With projected near-term improvements in technology, hydrogen production via solid oxide electrolysis cell (SOEC) / high-temperature steam electrolysis (HTSE) integrated with existing light water reactor (LWR) Nuclear Power Plants (NPP-HTSE) can produce carbon-free hydrogen competitively. In the near term, a 10-year production tax credit (PTC) found in the Inflation Reduction Act (IRA) has been passed, which will catalyze the development and improvement of hydrogen production technology to be competitive. The “1-1-1” target set by the U.S. DOE is to reduce the cost of carbon-free hydrogen by 80% to $1 per kilogram in 1 decade. Several models are available to analyze the profitability, opportunity, and technical capability of NPP-HTSE systems. In order of complexity from most complex to least complex some of these models include: RAVEN/HERON, process models using Aspen HYSYS and capital expense estimations using Aspen Process Economic Analyzer (APEA) and levelized cost of hydrogen (LCOH) calculation using the H2A model (Hydrogen Analysis Model), and custom spread sheets built by the interested party. Though some of the more advanced existing models provide detailed analysis to complex grid integrated problems, they also can take considerable time to setup and run. These advanced models are well suited to complex grid integrated analysis and the consideration of flexibility and variability of regulated and de-regulated electricity price and advanced estimation of capital and operating expenses and heat and material balances.

11 NUCLEAR FUEL CYCLE AND FUEL MATERIALS↗

Summary of a Workshop on Integrating Energy Equity into Power System Planning and Operation

On November 29 and 30, 2023, the Energy Systems Integration Group convened a one-and-a-half-day workshop in Arlington, Virginia, to improve knowledge and practices for integrating energy equity considerations into power system planning and operation. Workshop participants were invited to discuss approaches for integrating energy equity aspects into models and tools and to explore possible pathways for enhanced technical practices. Participants included utility planning and modeling practitioners, social science and energy justice academics, representatives from energy and environmental justice nongovernmental organizations, non-profits, consumer advocates, and representatives from the U.S. Department of Energy, national labs, and other government agencies. This report summarizes the discussion points and outcomes of the workshop, which prioritized the technical aspects of incorporating the challenges and solutions identified by electricity-futures stakeholders and communities. These technical activities include the fundamental grid structure and hardware, detailed modeling approaches that benchmark energy system performance and justify future investments, and engineering designs and limitations for potential solutions to meet energy equity goals in communities.

energy equity↗

Populating the Hydrogen Component Reliability Database (HYCRED) with Incident Data from Hydrogen Dispensing

Safety, risk, and reliability issues are vital to ensure the continuous and profitable operation of hydrogen technologies. Quantitative risk assessment (QRA) has been used to enable the safe deployment of engineering systems, especially hydrogen fueling stations. However, QRA studies require reliability data which are essential to collect to make the studies as realistic and relevant as possible. These data are currently lacking and data from other industries, such as oil and gas, are used in hydrogen system QRAs. This may lead to inaccurate results since hydrogen fueling stations have differences in physical properties, system design, and operational parameters when compared to other fueling stations, thus necessitating new data sources are necessary to capture the effects of these differences. To address this gap, we developed a structure for a hydrogen component reliability database, (HyCReD) [1], which could be used to generate reliability data to be used in QRA studies. In this paper, we demonstrate populating the HyCReD database with information extracted from new narrative reports on hydrogen fueling station incidents, specifically focused on the dispensing processes. We analyze five new events and demonstrate the feasibility of populating the database and types of meaningful insights that can be obtained at this stage.

component reliability↗

A Tool to Incorporate Non-Energy Impacts in Energy Efficiency Investment Decision Making for Firms

Energy efficiency is a key demand-side strategy for sustainability, recently identified by the United States Department of Energy as a pillar of industrial decarbonization. The increased focus on decarbonization and the requirement for efficiency to enable electrification, another decarbonization pillar, due to the spark spread between natural gas and electricity prices, make energy efficiency increasingly relevant. Still, industries face challenges in adopting energy efficiency measures. Researchers have long found a gap in adoption of even those measures with a profitable net present value, attributed to lack of strategic value among other barriers (see for rigorous exploration and taxonomy). One solution to facilitate energy efficiency projects is the inclusion of non-energy impacts, as this has been shown to double potential deployment of such projects at system level. Energy efficiency can provide valuable benefits outside of simple operating cost reductions, from decreased pollution to enhanced productivity. The inclusion of these benefits in decision making assessments faces hurdles due to inconsistency of ancillary benefits across projects, difficulties in quantifying impacts and the need for additional measurement to quantify them. The decision-making tools to support this have been designed primarily for the European context. We begin with a stakeholder engagement process to better characterize the U.S. decision making process surrounding adoption of energy efficiency investments. Characterization of non-energy impacts has developed substantially over recent decades. Cagno et al. provided a framework for studying the applicability of these impacts to energy efficiency projects, listing 120 key performance indicators focused mainly on reductions of costs/harms. Other researchers have included impacts on the strategic and revenue side that can be merged into this framework as well. We seek a tractable set of impacts that can be included in a decision-making tool in the US, and as such are well suited to US industry, management and decision making processes. We also seek to understand how to best quantify or characterize these impacts. This work will demonstrate the results of a survey conducted among US manufacturing industry decision makers to assess the decision making landscape of stakeholders as well as the most relevant performance indicators for energy efficiency projects.

ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION,↗

Bidding Curve Design for Hybrid Power Plants with Uncertain Solar Forecast: Preprint

This paper presents a novel bidding curve design algorithm tailored for hybrid power plants (HPPs) to participate in the wholesale electricity market. Utilizing forecasts for photovoltaic (PV) generation and available battery power, our algorithm strategically computes the bidding curve to maximize HPP profit while adeptly managing the inherent uncertainty associated with PV power generation. In addition, the introduction of the penalty cost in HPP bidding curves provides the system operator a tool to effectively manage the system-level uncertainty that caused by HPPs. Numerical analysis through Monte Carlo simulations confirms that our bidding curve methodology outperforms the benchmark across various scenarios.

bidding curve↗

Fleet Algorithm Design for Pooled Rideshare: Integrating Human Factors, Simulation, and Optimization

This dissertation explores the study the integration of human factors modeling and rideshare fleet control algorithms. Pooled rideshare is a unique transportation mode offering that allows riders increased flexibility and accessibility over public transportation, and decreased cost relative to personal vehicles or traditional rideshare. Additionally, relative to personal vehicles, pooled rideshare offers reduced costs and options for those with difficulty obtaining transportation. Prior research in the space typically focused on modeling human behavior, or optimizing system performance, but a lack of integration of the concepts leads to unrealistic or underutilized outcomes. To tackle this problem, novel rideshare assignment, and repositioning strategies were designed and implemented in a simulation environment. Through a series of successive studies, improvements to current rideshare processes were identified, and beneficial outcomes for profitability, accessibility, and traffic were explored. Further, improved metrics to assess rideshare performance were designed and analyzed in the context of improved rideshare offerings. This research contributes to the field of transportation by tackling novel but pragmatic approaches to challenges facing the rideshare industry. Through the course of this dissertation, rideshares impacts on users, operators, and even regulators will be explored in detail. The justification behind the use of a simulation environment, a set of simulated regional models for testing, and the focus on realism and deployability is illustrated. The research identifies holes in potential markets for the use of both private, and public rideshare systems.

Paul, Joseph↗

V1G Frequency Regulation: Algorithm Development, Validation & Analysis at Scale

Researchers at Argonne National Laboratory developed and validated a high-fidelity digital twin of a smart charging (V1G) ecosystem to model the participation of up to 1,000 unique electric vehicles (EVs) in the PJM frequency regulation market. Utilizing a discrete-event framework, the simulation models complex interactions, from dynamic grid signals (updated every 2 seconds) to individual EV charging dynamics. The simulation incorporates multiple EV models created from real-world lab test data. Researchers tested multiple control algorithms to balance the dual objectives of maximizing aggregator’s revenue and driver charging needs. Results demonstrate that aggregated EVs function as a controllable, highly effective grid resource, achieving high PJM Performance Scores (80–90%). Additionally, an optimized, market-aware bidding strategy was identified as key to profitability. The platform was shown to provide drivers with an average charging discount of nearly 50%. The algorithm was further validated in the lab using production EVs and charging stations to compare simulation results with real-world performance.

Manne, Nithin↗

A Privacy First Path Analysis using Clickstream Data

In the modern digital economy, data-driven decision making is crucial for effectively meeting the ever-evolving demands of consumer engagement and satisfaction. Clickstream data has become invaluable for understanding customer behavior, yet concerns over privacy and security persist, especially with some internet service providers profiting from its sale. This article introduces an innovative methodology that blends experiential learning with advanced cryptographic techniques, including differential privacy and graph analytics. The core objective of this methodology is to estimate Customer Lifetime Value (CLV) by analyzing clickstream data, achieving an average prediction accuracy of 92.4% in user engagement levels while ensuring user anonymity through Recency, Frequency, and Monetary (RFM) analysis. Our study introduces the concept of a “data depositor” and a privacy manager, employing the composition theorem to merge non-adaptive queries effectively. Privacy budgets (? = 1.0, d = 10-5), sensitivity-specific techniques, and data partitioning were applied. Randomization and noise addition protect data integrity, with special handling for categorical values. This approach, differing from prior studies, offers a 12.6% improvement in privacy-preserving targeting accuracy while maintaining strict confidentiality, presenting a novel path forward in data-driven decision-making.

Frequency and Monetary (RFM) analysis↗

Impacts of variable renewable energy on wholesale markets and generating assets in the United States: A review of expectations and evidence

Here, we synthesize available literature, data, and analysis on the degree to which growth in variable renewable energy (VRE) has impacted or might in the future impact bulk power system assets, pricing, and costs in the United States. Most studies of future scenarios indicate that VRE reduces wholesale energy prices and capacity factors of thermal generators. Traditional baseload generators are more exposed to these changing market conditions than low-capital cost and more flexible intermediate and peak-load generators. From analysis of historical data we find that VRE is already influencing the bulk power market through changes in temporal and geographic patterns areas with higher levels of VRE. The most significant observed impacts have concentrated in areas with significant VRE and/or nuclear generation along with limited transmission, with negative pricing also often occurring during periods with lower system-wide load. So far, however, VRE, has had a relatively modest impact on historical average annual wholesale prices across entire market regions, at least in comparison to other drivers. The reduction of natural gas prices is the primary contributor to the decline in wholesale prices since 2008. Similarly, VRE impacts on thermal plant retirements have been limited and there is little relationship between the location of recent retirements and VRE penetration levels. Finally, although impacts on wholesale prices have been modest so far, impacts of VRE on the electricity market will be more significant under higher VRE penetrations.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗