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Search Results for Andrew Mills, Ryan Wiser - Ernest Orlando Lawrence Berkeley National Laboratory

04 Aug
Changes in the Economic Value of Variable Generation at High Penetration Levels: A Pilot Case Study of California
Thursday, August 4, 2016
Resource Type : Research or Whitepaper
Topic : Valuation, Analysis, BCA    
State : California    
Author : Andrew Mills, Ryan Wiser - Ernest Orlando Lawrence Berkeley National Laboratory
Adoption Year : 2012
We estimate the long-run economic value of variable renewable generation with increasing penetration using a unique investment and dispatch model that captures long-run investment decisions while also incorporating detailed operational constraints and hourly time resolution over a full year. High time resolution and the incorporation of operational constraints are important for estimating the economic value of variable generation, as is the use of a modeling framework that accommodates new investment decisions. The model is herein applied with