Estimating the impact of fuel-switching between liquid fuels and electricity under electricity-sector carbon-pricing schemes

Jonathan Dowds, Paul D.H. Hines and Seth Blumsack

Socio-Economic Planning Sciences, 2013, vol. 47, issue 2, 76-88

Abstract: Switching from liquid fuels to electricity in the transportation and heating sectors can result in greenhouse gas emissions reductions. These reductions are maximized when electricity-sector carbon emissions are constrained through policy measures. We use a linear optimization, generation expansion/dispatch model to evaluate the impact of increased electricity demand for plug-in electric vehicle charging on the generating portfolio, overall generating fuel mix, and the costs of electricity generation. We apply this model to the PJM Interconnect and ISO-New England Regional Transmission Organization service areas assuming a CO2 pricing scheme that is applied to the electricity sector but does not directly regulate emissions from other sectors. We find that a shift from coal toward natural gas and wind generation is sufficient to achieve a 50% reduction in electricity-sector CO2 emissions while supporting vehicle charging for 25% of the vehicle fleet. The price impacts of these shifts are sensitive to demand side price responsiveness and the capital costs of new wind construction.

Keywords: Fuel switching; Cap-and-trade; Electric vehicles; Dispatch; Capacity expansion; NHTS (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:soceps:v:47:y:2013:i:2:p:76-88

DOI: 10.1016/j.seps.2012.09.004

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