12,229 research outputs found
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Determining Utility System Value of Demand Flexibility From Grid-interactive Efficient Buildings
This report focuses on ways current methods and practices that establish the value to electric utility systems of distributed energy resource (DER) investments can be enhanced to determine the value of demand flexibility in grid-interactive efficient buildings that can provide grid services. The report introduces key valuation concepts that are applicable to demand flexibility that these buildings can provide and links to other documents that describe these concepts and their implementation in more detail.The scope of this report is limited to the valuation of economic benefits to the utility system. These are the foundational values on which other benefits (and costs) can be built. Establishing the economic value to the grid of demand flexibility provides the information needed to design programs, market rules, and rates that align the economic interest of utility customers with building owners and occupants. By nature, DERs directly impact customers and provide societal benefits external to the utility system. Jurisdictions can use utility system benefits and costs as the foundation of their economic analysis but align their primary cost-effectiveness metric with all applicable policy objectives, which may include customer and societal (non-utility system) impacts.This report suggests enhancements to current methods and practices that state and local policymakers, public utility commissions, state energy offices, utilities, state utility consumer representatives, and other stakeholders might support. These enhancements can improve the consistency and robustness of economic valuation of demand flexibility for grid services. The report concludes with a discussion of considerations for prioritizing implementation of these improvements
Concepts for design of an energy management system incorporating dispersed storage and generation
New forms of generation based on renewable resources must be managed as part of existing power systems in order to be utilized with maximum effectiveness. Many of these generators are by their very nature dispersed or small, so that they will be connected to the distribution part of the power system. This situation poses new questions of control and protection, and the intermittent nature of some of the energy sources poses problems of scheduling and dispatch. Under the assumption that the general objectives of energy management will remain unchanged, the impact of dispersed storage and generation on some of the specific functions of power system control and its hardware are discussed
Impacts of the Pacific Northwest Electric Power Planning and Conservation Act on the Development of Energy Resources in the Pacific Northwest: An Analysis of the Resource Acquisition Priority Scheme
This article discusses how the Pacific Northwest Electric Power Planning and Conservation Act may affect the region\u27s choice of resources to construct. Potential choices range from conventional resources such as coal and nuclear to renewable resources such as geothermal, biomass, wave, tidal, solar, and wind. In addition, conservation and cogeneration are now viable energy alternatives. This discussion focuses on PNEPPCA\u27s resource acquisition priority scheme and provides an overview of the incentives and disincentives which may influence the resource selection process. Rather than predicting which resources the region\u27s utilities may ultimately construct, this article analyzes the legal barriers proponents of particular resources must overcome and the tools those proponents may employ to advance their respective interests
Optimizing the Structure and Scale of Urban Water Infrastructure: Integrating Distributed Systems
Large-scale, centralized water infrastructure has provided clean drinking water, wastewater treatment, stormwater management and flood protection for U.S. cities and towns for many decades, protecting public health, safety and environmental quality. To accommodate increasing demands driven by population growth and industrial needs, municipalities and utilities have typically expanded centralized water systems with longer distribution and collection networks. This approach achieves financial and institutional economies of scale and allows for centralized management. It comes with tradeoffs, however, including higher energy demands for longdistance transport; extensive maintenance needs; and disruption of the hydrologic cycle, including the large-scale transfer of freshwater resources to estuarine and saline environments.While smaller-scale distributed water infrastructure has been available for quite some time, it has yet to be widely adopted in urban areas of the United States. However, interest in rethinking how to best meet our water and sanitation needs has been building. Recent technological developments and concerns about sustainability and community resilience have prompted experts to view distributed systems as complementary to centralized infrastructure, and in some situations the preferred alternative.In March 2014, the Johnson Foundation at Wingspread partnered with the Water Environment Federation and the Patel College of Global Sustainability at the University of South Florida to convene a diverse group of experts to examine the potential for distributed water infrastructure systems to be integrated with or substituted for more traditional water infrastructure, with a focus on right-sizing the structure and scale of systems and services to optimize water, energy and sanitation management while achieving long-term sustainability and resilience
Impacts of the Pacific Northwest Electric Power Planning and Conservation Act on the Development of Energy Resources in the Pacific Northwest: An Analysis of the Resource Acquisition Priority Scheme
This article discusses how the Pacific Northwest Electric Power Planning and Conservation Act may affect the region\u27s choice of resources to construct. Potential choices range from conventional resources such as coal and nuclear to renewable resources such as geothermal, biomass, wave, tidal, solar, and wind. In addition, conservation and cogeneration are now viable energy alternatives. This discussion focuses on PNEPPCA\u27s resource acquisition priority scheme and provides an overview of the incentives and disincentives which may influence the resource selection process. Rather than predicting which resources the region\u27s utilities may ultimately construct, this article analyzes the legal barriers proponents of particular resources must overcome and the tools those proponents may employ to advance their respective interests
Agglomerative Magnets and Informal Regulatory Networks: Electricity Market Design Convergence in the USA and Continental Europe
The absence of one broadly accepted design template for liberalised electricity markets induces regulatory competition and institutional diversity. Focussing on continental Europe and the USA, this analysis explores how agents and structures accelerate or impede the move to one standard market design in the electricity sector. It reveals that market design convergence in Europe is driven by the 'Florence Consensus,' a tripartite coalition between the European Commission fostering European integration and the internal market, informal regulatory networks between grid operators, standardisation authorities and regulators, who have been coordinating their actions in the 'Florence Forum,' and epistemic communities exemplified in the Florence School of Regulation. In contrast, the United States' Federal Energy Regulatory Commission lacks support among politicians, many states' public utility commissions, the neo-liberal intelligentsia and even industrial lobbying groups to effectively push for a standardised market design. However, design convergence in the USA may be induced by the gradual expansion of multi-state markets operated by regional transmission organisations.Electricity, Deregulation, Regulatory Competition, Policy Diffusion
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An Assessment of PIER Electric Grid Research 2003-2014 White Paper
This white paper describes the circumstances in California around the turn of the 21st century that led the California Energy Commission (CEC) to direct additional Public Interest Energy Research funds to address critical electric grid issues, especially those arising from integrating high penetrations of variable renewable generation with the electric grid. It contains an assessment of the beneficial science and technology advances of the resultant portfolio of electric grid research projects administered under the direction of the CEC by a competitively selected contractor, the University of Californiaâs California Institute for Energy and the Environment, from 2003-2014
Assessing the potential for U.S. utility green bonds
EXECUTIVE SUMMARY:
Bonds are the largest single class of financial instrument across the worldâs financial markets.
Recently, a subclass of these bonds, called green bonds, has emerged in the market place.
Green bonds are a type of bond whose proceeds may be used only for certain approved
âgreenâ investments. In exchange for agreeing to invest only in such projects, the bond issuer
obtains some value greater than they would obtain from traditional financing, and are
therefore encouraged to finance and undertake a greater number of green projects. This
unique value may not be recognized in traditional financial accounting. Of course, like any other
capital-raising investment, green bonds enable their issuer to finance a new project that should
increase (or at least maintain) its revenues, profits, and cash flow.
The utility sector was the second largest issuer of green bonds in 2017, accounting for $26.2
billion dollarsâ worth of green bond issuance globally. These were primarily issued to finance
renewable energy projects, a class of projects that makes the utility sector one of the most
logical for deployment of green bonds.
While choosing to issue green bonds does not seem to have any price advantage over regular
bonds in the market, green bonds can provide other benefits. These benefits may include
reputation effects, better treatment in secondary markets, and other intangibles (See Table ES1)
Potential for cogeneration of heat and electricity in California industry, phase 2
The nontechnical issues of industrial cogeneration for 12 California firms were analyzed under three categories of institutional settings: (1) industrial ownership without firm sales of power; (2) industrial ownership with firm sales of power; and (3) utility or third party ownership. Institutional issues were analyzed from the independent viewpoints of the primary parties of interest: the industrial firms, the electric utilities and the California Public utilities Commission. Air quality regulations and the agencies responsible for their promulgation were examined, and a life cycle costing model was used to evaluate the economic merits of representative conceptual cogeneration systems at these sites. Specific recommendations were made for mitigating measures and regulatory action relevant to industrial cogeneration in California
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