Valuing Distributed Energy Resources: A Comparative Analysis

Payne, Heather; Monast, Jonas

doi:10.2139/ssrn.3438043

Cited by 2 publications

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“…102 Some states are also re-evaluating their incentives for residential solar out of concern that payments to homeowners and businesses with solar panels may shift the costs of maintaining grid infrastructure to ratepayers who do not have on-site solar. 103 States that continue to rely on vertically integrated utilities to operate their respective electricity systems (namely, utilities that do not participate in wholesale markets managed by an RTO) are experimenting with competitive procurement as a method for engaging third parties in the power generation space. Competitive procurement is contributing to falling RE costs globally and could play a broader role in US states with vertically integrated utilities.…”

Section: Federal Renewable Energy Policiesmentioning

confidence: 99%

Renewable Energy Federalism in Germany and the United States

Saurer¹,

Monast²

2020

TEL

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The Federal Republic of Germany and the United States (US) have adopted different models for energy federalism. Germany allocates more authority to the federal government and the US relies on a decentralized cooperative federalism model that preserves key roles for state actors. This article explores and compares the relevance of federal legal structures for renewable energy expansion in both countries. It sets out the constitutional, statutory, and factual foundations in both Germany and the US, and explores the legal and empirical dimensions of renewable energy expansion at the federal and state levels. The article concludes by drawing several comparative lessons about the significance of federal structures for energy transition processes.

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Section: Federal Renewable Energy Policiesmentioning

confidence: 99%

Renewable Energy Federalism in Germany and the United States

Saurer¹,

Monast²

2020

TEL

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“…Errors in forecasting solar power production can lead to overproduction or shortfall of electricity. Overproduction in the decentralized grid leads to loss of revenue for prosumers, who sell excess energy to the utility at the avoided fuel cost rate [17]. Shortfall of electricity also leads to loss of revenue for prosumers, who pay penalties to make up for shortages, likely through purchasing the shortfall quantity from the utility at the retail rate [18].…”

Section: Introductionmentioning

confidence: 99%

Evaluating Peer-to-Peer Electricity Markets across the U.S. Using an Agent-Based Modeling Approach

Monroe¹,

Ramsey²,

Berglund³

2023

Adv Environ Eng Res

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The diffusion of distributed energy resources can overcome some challenges associated with the historical centralized model of electric power distribution. Decentralized generation by residential solar photovoltaic cells creates the potential for peer-to-peer (P2P) electricity trading, where households can act as consumers and prosumers to buy and sell renewable electricity. P2P energy markets are emerging at locations across the globe, and market performance is affected by various social, economic, and environmental factors. This research applies an agent-based modeling (ABM) framework to simulate electricity trades between heterogeneous households in a decentralized market. The P2P system is tested for 15 locations in the United States that vary in climate parameters and local economic factors. The results from these simulations are compared to assess how differences in climate, demand pattern, retail rate, and irradiance affect market performance. Simulations demonstrate that market outcomes rely on the ratio of prosumers to consumers, environmental factors, and geographic conditions. Battery energy storage overcomes limitations associated with faulty forecasting and improves the flexibility of household-generated solar resources to increase the proportion of production that is sold in the P2P market. The application of the agent-based modeling framework demonstrates how P2P markets can be expected to perform for various locations and can be applied to assess alternative locations for market performance.

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Valuing Distributed Energy Resources: A Comparative Analysis

Cited by 2 publications

References 0 publications

Renewable Energy Federalism in Germany and the United States

Renewable Energy Federalism in Germany and the United States

Evaluating Peer-to-Peer Electricity Markets across the U.S. Using an Agent-Based Modeling Approach

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