HOW A central TO role for utilities & grid operators Need for an effective energy remuneration system. Richard Perez ASRC, University at Albany

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1 HOW A central TO role for utilities & grid operators Need for an effective energy remuneration system Richard Perez ASRC, University at Albany

2 renewable finite per year WIND 1,2 Waves1 1, total SOLAR 10 23,000 per year 2009 World energy use 16 TWy per year 3-11 per year OTEC 1,4 2 6 per year Biomass 1,5 Natural Gas 1,8 Petroleum 1,8 240 total 2050: 28 TW TIDES per year 3 4 per year HYDRO 1, per year Geothermal 1, Total Uranium 1,9 R. Perez et al. 900 Total reserve COAL 1,8 2

3 COST INTERMITTENCY 3

4 New York City electrical demand Solar Generation Firm capacity storage requirement Variable generation Excess PV storage requirement Base Load firm PV capacity threshlold VARIABLE GENERATION BASE LOAD ASRC 4

5 New York City electrical demand Low penetration solar: very effective Solar Generation Firm capacity storage requirement Variable generation Excess PV storage requirement Base Load firm PV capacity threshlold Solar generation VARIABLE GENERATION BASE LOAD ASRC. 5

6 New York City electrical demand High penetration solar: Problems Solar Generation Firm capacity storage requirement Variable generation Excess PV storage requirement Base Load firm PV capacity threshlold Solar generation Unmet load BASE LOAD Excess PV must be stored or lost ASRC. 6

7 VERY HIGH PENETRATION SOLUTIONS 7

8 1. STORAGE Batteries & Flow batteries olar Generation xcess PV storage requirement Compressed air Firm capacity storage requirement Base Load Pumped hydro & gravity 8

9 1. STORAGE 2. SYNERGY W/WIND DAILY CYCLE SEASONAL CYCLE

10 MEGAWATT MEGAWATT PEAK DAY CONEDISON 20% resource penetration 12,000 10,000 8, % PV 6,000 4,000 2,000 Load Load minus resource Resource TIME OF DAY (EST) 100% WIND 12,000 10,000 8,000 IDEAL MIX 70%PV-30%WIND 6,000 4,000 2,000 Load Load minus resource Resource TIME OF DAY (EST)

11 Source: Marc Perez, Columbia University 1. STORAGE SINGLE CITY 2. SYNERGY W/WIND Source: Marc Perez, Columbia University US-WIDE 3. INTERCONNECTION Marc Perez, Columbia U. Source: Marc Perez, Columbia University NORTH & SOUTH AMERICA

12 Source: Marc Perez, Columbia University 1. STORAGE SINGLE CITY 2. SYNERGY W/WIND Source: Marc Perez, Columbia University 3. INTERCONNECTION 4. CURTAILMENT 50% energy curtailment

13 1. STORAGE 2. SYNERGY W/WIND 3. INTERCONNECTION 4. CURTAILMENT 5. LOAD SHAPING

14 Solar Generation Firm capacity storage requirement Variable generation Excess PV storage requirement Base Load firm PV capacity threshlold Solar generation Unmet load BASE LOAD 14

15 Solar Generation Firm capacity storage requirement Variable generation Excess PV storage requirement Base Load firm PV capacity threshlold Solar generation Unmet load BASE LOAD 15

16 Solar Generation Firm capacity storage requirement Variable generation Excess PV storage requirement Base Load firm PV capacity threshlold Solar generation Unmet load BASE LOAD 16

17 Solar Generation Firm capacity storage requirement Variable generation Excess PV storage requirement Base Load firm PV capacity threshlold Solar generation Unmet load BASE LOAD 17

18 Solar Generation Firm capacity storage requirement Variable generation Excess PV storage requirement Base Load firm PV capacity threshlold Solar generation Unmet load BASE LOAD 18

19 Solar Generation Firm capacity storage requirement Variable generation Excess PV storage requirement Base Load firm PV capacity threshlold Solar generation Unmet load BASE LOAD 19

20 Enablers of High penetration STORAGE WIND SYNERGY GEOGRAPHIC DISPERSION CURTAILMENT LOAD SHAPING Affordable?

21 STORAGE WIND SYNERGY GEOGRAPHIC DISPERSION CURTAILMENT LOAD SHAPING Affordable?

22 COST OF DELIVERING BASELOAD OUTPUT WITH PV IN CENTRAL US Source M. Perez, U. Columbia & IEA SHCP Task 8 LCOE USD/kWh $1.12 Storage Geographic dispersion Curtailment $0.71 USD1/W $0.28 $0.23 $0.18 $0.08 Demand-Side Mgmt. PV OUTPUT LOAD REQUIREMENTS Marc Perez, et al.

23 Supply side: VOS Tariffs STORAGE WIND SYNERGY ENERGY REMUNERATION GEOGRAPHIC DISPERSION CURTAILMENT LOAD SHAPING

24 Cents per kwh Supply side: VOS Tariffs Economic Development Societal Value Environment Value Of Solar Depends on 3 fundamental factors: Location Penetration PV system specifications This should be reflected in the PV electricity remuneration system Utility/ratepayer Society/taxpayer Security Market Price Supression Fuel Price Risk Mitigation Distribution Capacity Value Loss Savings Transmission Capacity Value Energy Value Penetration Cost CURTAILMENT STORAGE ENERGY REMUNERATION GEOGRAPHIC DISPERSION 10% City real estate tax abatement 25% State tax Credit (residential) 30% Federal tax Credit ~ 5 yr. Accel. Depreciation (business $0.50-$1.00 Rebate Net metering (15+ cents per kwh)

25 Supply side: VOS Tariffs Demand side: Load Shaping Tariffs

26 Supply side: Demand side: on Solar Generation Firm capacity storage requirement Firm capacity storage requirement Variable generation Vari rage requirement Excess PV storage requirement Base Load Base Load firm PV capacity threshlold firm VOS Expensive Tariffs retail energy Cheap retail energy Load Shaping Tariffs ENERGY REMUNERATION LOAD SHAPING

27 Supply side: VOS Tariffs Demand side: Load Shaping Tariffs Essential Role for: STORAGE Grid operators Regulators Legislators WIND SYNERGY ENABLE VERY ENERGY HIGH REMUNERATION PENETRATION GEOGRAPHIC DISPERSION CURTAILMENT LOAD SHAPING

28 renewable finite per year WIND 1,2 Waves1 1, total SOLAR 10 23,000 per year 2009 World energy use 16 TWy per year 3-11 per year OTEC 1,4 2 6 per year Biomass 1,5 Natural Gas 1,8 Petroleum 1,8 240 total 2050: 28 TW TIDES per year 3 4 per year HYDRO 1, per year Geothermal 1, Total Uranium 1,9 R. Perez et al. 900 Total reserve COAL 28 1,8

29 solar WIND Biomass Coal Natural Gas Uranium Petroleum Richard Perez

30 COST OF DELIVERING BASELOAD OUTPUT WITH PV IN CENTRAL US Source M. Perez, U. Columbia & IEA SHCP Task 8 LCOE USD/kWh $1.12 Storage Geographic dispersion Curtailment $0.71 USD1/W $0.28 $0.23 $0.18 $0.08 Demand-Side Mgmt. Marc Perez, et al.

31 Net meterig Clinging to net metering Grid Switching to VOS & LST

32

33

34 COST OF DELIVERING BASELOAD OUTPUT WITH PV IN CENTRAL US Source M. Perez, U. Columbia & IEA SHCP Task 8 LCOE USD/kWh $1.12 Storage Geographic dispersion Curtailment $0.71 USD1/W $0.28 $0.23 $0.18 $0.08 Demand-Side Mgmt. Marc Perez, et al.

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