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© 2018 Electric Power Research Institute, Inc. All rights reserved.
John Taber, Technical Leader, EPRI August 20, 2018
Regional Power System Planning
Examples from North America
2 © 2018 Electric Power Research Institute, Inc. All rights reserved.
Agenda for Today’s Webcast
US-REGEN: Introduction
Transmission Investment in Two REGEN Cases
Economic Flows between Regions
3 © 2018 Electric Power Research Institute, Inc. All rights reserved.
Overview of the US-REGEN Model
Pacific
California
Mountain-N
Texas
NW-Central
SW-Central
Wisconsin
M-Atlantic
S-Atlantic SE-Central
Florida
NE
NE-Central
NY
Mountain-S
Georgia Alabama
4 © 2018 Electric Power Research Institute, Inc. All rights reserved.
Synchronized
Hourly Load, Renewables,
and Prices
Updated and Enhanced REGEN Model Capabilities
Pacific
Electric Generation 120°W 110°W 100°W 90°W 80°W 70°W
45°N
40°N
35°N
30°N
25°N
Energy End-Use
Climate zones
Building types
Household characteristics
Industrial mix
End-use technology detail
Investment and dispatch
Transmission
Intermittent renewables
Energy and capacity requirements
State-level policies and constraints
Model Outputs:
Economic equilibrium for generation, capacity,
and end-use mix
Emissions, air quality, and water use
U.S. Regional Economy, Greenhouse Gas, and Energy
5 © 2018 Electric Power Research Institute, Inc. All rights reserved.
US-REGEN Features: Endogenous Co-Investment in New Transmission
Pacific
California
Mountain-N
Texas
NW-Central
SW-Central
M-Atlantic
S-Atlantic
SE-Central
Florida
NE
NY
Mountain-S
NE-Central
0.6
8.30.4
1.5
18
.4
2.9
0.1
2.1
2.4
0.9
7.4
1.5
21.6
0.0
Year 2010 S1-EEA Reference Scenario Power
0.0
2.8
0.2
3.7
Texas
• Simultaneously assesses new inter-state transmission capacity vs. new generation capacity in finding least-cost way to meet load
• Advantages: Captures important degree of freedom in investment and system operations
• Disadvantages: No sub-state detail for transmission/distribution
6 © 2018 Electric Power Research Institute, Inc. All rights reserved.
Uses and Limitations of Economic Models
Models like US-REGEN necessarily are numerical abstractions of the complex economic and energy systems they represent. As such, they may contain:
– Approximation errors
– Incomplete system dynamics
– Quality of data issues
When viewing model results, it is important to keep in mind:
– Analyses are not intended to be viewed as a prediction of a particular outcome or cluster of outcomes.
– Insights come by running a variety of cases, comparing the results, and asking “what if” questions.
– Actual deployment of a model outcome is dependent on many additional factors, such as policy, permitting and siting.
“Essentially, all models are wrong, but some are useful”. -- George Edward Pelham Box
7 © 2018 Electric Power Research Institute, Inc. All rights reserved.
Two Scenarios in REGEN
Reference Scenario High Renewables
Integrated End Use Model, 2017-2050
EIA Annual Energy Outlook 2018 High Oil & Gas Resource & Technology Natural Gas Prices
National Electrification Reference Technology Assumptions
No National RPS 50% National RPS by 2030
65% National RPS by 2050
8 © 2018 Electric Power Research Institute, Inc. All rights reserved.
Scenario Differences at National Level
9 © 2018 Electric Power Research Institute, Inc. All rights reserved.
Even more at Regional Level (SPP)
10 © 2018 Electric Power Research Institute, Inc. All rights reserved.
Total Difference in Regional Transmission Investment Between Scenarios by 2050
-12.00
-10.00
-8.00
-6.00
-4.00
-2.00
0.00
2.00
4.00
6.00
8.00
10.00
GW
11 © 2018 Electric Power Research Institute, Inc. All rights reserved.
Efficiency of Interface Flows
12 © 2018 Electric Power Research Institute, Inc. All rights reserved.
Percentage of Scheduled Flows that are Economic
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
NY-NE AC NY-PJMAC
PJM-MISO SPP-MISO NY-NECSC
NY-NE1385
NY-PJMHudson
NY-PJMLinden
NY-PJMNeptune
DA RT
13 © 2018 Electric Power Research Institute, Inc. All rights reserved.
Reasons for Inefficient Interchange
Latency Delay
– Time between scheduling and delivery
12-17+ hours for DA
20 minutes – 12 hours for RT
Non-Economic Clearing
– Not all interchange is coordinated
Cross-Border Transaction Costs
– Uplift
Lack of Information
– Information about price differences, not volumes
14 © 2018 Electric Power Research Institute, Inc. All rights reserved.
Together…Shaping the Future of Electricity
John Taber Technical Leader
202-420-0138 [email protected]
mailto:[email protected]
15 © 2018 Electric Power Research Institute, Inc. All rights reserved.
The EPRI US-REGEN Model
State-of-the-art simulation model of the U.S. electric sector combined with an integrated economy model, and state level detail
Determines “best” (i.e., economically optimal) mix of resources to power the economy
Sub-national granularity (15 regions / 48 state breakdown) makes it possible to capture variability in generation mix, resources, energy demand and other key variables
Powerful tool to support scenario planning
Incorporates proprietary EPRI data on the expected costs and performance of generation technologies and environmental controls
Developed and maintained by EPRI staff
16 © 2018 Electric Power Research Institute, Inc. All rights reserved.
US-REGEN Model Description
Pacific
California
Mountain-N
Texas
NW-Central
SW-Central
NE-Central-R
M-Atlantic
S-Atlantic
SE-Central
Florida
NE NE-Central-C NY
Mountain-S
Electric Sector Model
• Endogenously Builds/Retrofits/Retires Capacity
• Simultaneously Capacity Planning and Dispatch
• Co-Optimizes Transmission
17 © 2018 Electric Power Research Institute, Inc. All rights reserved.
US-REGEN Model Description
Pacific
California
Mountain-N
Texas
NW-Central
SW-Central
NE-Central-R
M-Atlantic
S-Atlantic
SE-Central
Florida
NE NE-Central-C NY
Mountain-S
Energy Demand (Electric &
Non-Electric)
• Detailed model of residential, commercial, and light-duty vehicle technologies
• High level representation of industrial & other transportation sectors
Electric Sector Model
• Endogenously Builds/Retrofits/Retires Capacity
• Simultaneously Capacity Planning and Dispatch
• Co-Optimizes Transmission
18 © 2018 Electric Power Research Institute, Inc. All rights reserved.
US-REGEN Model Description
Pacific
California
Mountain-N
Texas
NW-Central
SW-Central
NE-Central-R
M-Atlantic
S-Atlantic
SE-Central
Florida
NE NE-Central-C NY
Mountain-S
General Equilibrium
Economy Model
• Aggregate Economic Representation
• Energy Markets for Oil, Natural Gas, Coal, & Bioenergy
• Foreign Exchange
Energy Demand (Electric &
Non-Electric)
• Detailed model of residential, commercial, and light-duty vehicle technologies
• High level representation of industrial & other transportation sectors
Electric Sector Model
• Endogenously Builds/Retrofits/Retires Capacity
• Simultaneously Capacity Planning and Dispatch
• Co-Optimizes Transmission
19 © 2018 Electric Power Research Institute, Inc. All rights reserved.
US-REGEN Features: Capacity Expansion Model with a Long Horizon to 2050
• US-REGEN determines the least cost capacity mix to meet load over a 35 year horizon, including economic retirements, additions, and retrofits
• Advantages: Running the model with multiple sensitivities over input assumptions offers insights on key drivers in the electric sector.
• Disadvantages: Least-cost assumption does not necessarily reflect political and siting realities; this is not a model for Integrated Resource Planning.
0
200
400
600
800
1000
1200
2015 2020 2025 2030 2035 2040 2045 2050
GW
20 © 2018 Electric Power Research Institute, Inc. All rights reserved.
US-REGEN Features: Intra-Annual Temporal Resolution
• US-REGEN employs an innovative “representative hour” selection algorithm to capture hourly wind, load, and solar shapes
• Advantages: Captures hourly correlations in a long time horizon model better than other approaches (e.g., Seasonal Average Method)
• Disadvantages: Non-chronological, no subhourly features
21 © 2018 Electric Power Research Institute, Inc. All rights reserved.
US-REGEN Features: Flexible and Customizable
• US-REGEN is run in-house at EPRI; giving us the flexibility to customize technologies and update datasets for a given project
Documentation, articles, and reports at http://eea.epri.com
http://eea.epri.com/