Promoting reproducibility and increased collaboration in electric sector capacity expansion models with community benchmarking and intercomparison efforts

2021 ◽  
Vol 304 ◽  
pp. 117745
Author(s):  
Candise L. Henry ◽  
Hadi Eshraghi ◽  
Oleg Lugovoy ◽  
Michael B. Waite ◽  
Joseph F. DeCarolis ◽  
...  
Keyword(s):  
Capacity Expansion ◽  
Electric Sector

scholarly journals Water Constraints in an Electric Sector Capacity Expansion Model

2015 ◽  
Author(s):  
Jordan Macknick ◽  
Stuart Cohen ◽  
Robin Newmark ◽  
Andrew Martinez ◽  
Patrick Sullivan ◽  
...  
Keyword(s):  
Capacity Expansion ◽  
Electric Sector ◽  
Expansion Model

scholarly journals Modeling Climate-Water Impacts on Electricity Sector Capacity Expansion

2014 ◽  
Author(s):  
Stuart M. Cohen ◽  
Kristen Averyt ◽  
Jordan Macknick ◽  
James Meldrum
Keyword(s):  
Surface Water ◽  
Water Availability ◽  
Thermal Power ◽  
Water Rights ◽  
Capacity Expansion ◽  
Climate Impacts ◽  
Electricity Sector ◽  
System Capacity ◽  
Electric Sector ◽  
Model Average

Climate change has the potential to exacerbate water availability concerns for thermal power plant cooling, which is responsible for 41% of U.S. water withdrawals. This analysis describes an initial link between climate, water, and electricity systems using the National Renewable Energy Laboratory (NREL) Regional Energy Deployment System (ReEDS) electricity system capacity expansion model. Average surface water projections from Coupled Model Intercomparison Project 3 (CMIP3) data are applied to surface water rights available to new generating capacity in ReEDS, and electric sector growth is compared with and without climate-influenced water rights. The mean climate projection has only a small impact on national or regional capacity growth and water use because most regions have sufficient unappropriated or previously retired water rights to offset climate impacts. Climate impacts are notable in southwestern states, which experience reduced water rights purchases and a greater share of rights acquired from wastewater and other higher-cost water resources. The electric sector climate impacts demonstrated herein establish a methodology to be later exercised with more extreme climate scenarios and a more rigorous representation of legal and physical water availability.

Public Investment Criteria: Benefit-Cost Analysis for Planned Economic Growth by Stephen A. Marglin. London: George Allen & Unwin Ltd., 1967. pp.103. 22s. 6d.********** Investments for Capacity Expansion: Size, Location and Time-Phasing edited by Alan S. Manne. London: George Allen & Unwin Ltd., 1967. pp.239. 45s.Investments for Capacity Expansion: Size, Location and Time-Phasing edited by Alan S. Manne. London: George Allen & Unwin Ltd., 1967. pp.239. 45s.

1967 ◽  
Vol 7 (3) ◽  
pp. 416-420
Author(s):  
Arthur MacEwan
Keyword(s):  
Cost Benefit Analysis ◽  
Public Investment ◽  
Cost Benefit ◽  
Capacity Expansion ◽  
Point Of View ◽  
Systematic Analysis ◽  
Benefit Cost Analysis ◽  
The Government ◽  
The Many ◽  
Benefit Cost

These books are numbers 4 and 5, respectively, in the series "Studies in the Economic Development of India". The two books are interesting complements to one another, both being concerned with the analysis of projects within national plan formulation. However, they treat different sorts of problems and do so on very different levels. Marglin's Public Investment Criteria is a short treatise on the problems of cost-benefit analysis in an Indian type economy, i.e., a mixed economy in which the government accepts a large planning responsibility. The book, which is wholely theoretical, explains the many criteria needed for evaluation of projects. The work is aimed at beginning students and government officials with some training in economics. It is a clear and interesting "introduction to the special branch of economics that concerns itself with systematic analysis of investment alternatives from the point of view of a government".

IRREVERSIBLE INVESTMENT, OPERATING FLEXIBILITY, AND TIME LAGS

2010 ◽  
Vol 27 (02) ◽  
pp. 271-286 ◽  
Author(s):  
RYUTA TAKASHIMA ◽  
MAKOTO GOTO ◽  
MOTOH TSUJIMURA
Keyword(s):  
Time Lag ◽  
Peak Load ◽  
Price Volatility ◽  
Optimal Investment ◽  
Capacity Expansion ◽  
Fixed Cost ◽  
Time Lags ◽  
Investment Timing ◽  
Power Company ◽  
Optimal Investment Problem

We consider an optimal investment problem when a firm such as an electric power company has the operational flexibility to expand and contract capacity with fixed cost. This problem is formulated as an impulse control problem combined with optimal stopping. Consequently, we obtain optimal investment timing, optimal capacity expansion and contraction timing, and the investment value. We also show investment, capacity expansion and contraction rule are influenced by the price volatility and the initial capacity is also influenced by the ratio between base-load plant and peak-load plant. In addition, we investigate how time lag between investment and operation influences the investment rule.

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