DOI:10.1007/s40565-017-0292-1 |
| |
| |
Impact of increased renewables on natural gas markets in easternUnited States |
| |
|
| |
Page view: 0
Net amount: 1048 |
| |
Author:
Neha NANDAKUMAR1 , Anuradha M. ANNASWAMY2
|
Author Affiliation:
1 Institute for Data, Systems, and Society, Massachusetts
Institute of Technology, Cambridge, MA, USA
2 Department of Mechanical Engineering, Massachusetts
Institute of Technology, Cambridge, MA, USA
|
Foundation: |
This work was supported by National ScienceFoundation (NSF) initiative Award (No. EFRI-1441301). We wouldalso like to acknowledge Christopher Knittel at MIT, Matt White andEugene Litvinov at ISO-NE and Don Santa at INGAA for severaluseful discussions. |
|
|
Abstract: |
This paper explores the market structures of
natural gas and electricity as well as the interdependence of
natural gas prices and bids with increasing reliance on
natural gas as the penetration of renewable energy
resources increases in order to complement their intermittencies.
In particular, the paper will attempt to answer the
following two questions: What could the generation mix
look like in 2030 with a renewable-rich generation landscape
and how could this impact gas prices? How do gas-
fired generator (GFG) generation volatility, their prices,
and their bids for gas change between 2015 and 2030 with
increased penetration of renewables? In order to answer
these questions, computational models are derived using
forecasting and regression analysis tools and an auction
model. |
Keywords: |
Natural gas markets, Gas-fired generators,Regression analysis, Optimal auction model, Volatility,Gas prices |
| |
Online Time:2017/05/09 |
| |
|
|
View Full Text
Download reader
|
|
|