Low carbon standard and transmission investment analysis in the new multi-region US power sector model FACETS

Evelyn Wright and Amit Kanudia

Energy Economics, 2014, vol. 46, issue C, 136-150

Abstract: This paper presents a new US multi-region energy systems model built in the TIMES modeling system: the Framework for Analysis of Climate-Energy-Technology Systems (FACETS). The model is designed to analyze energy technology options and policy scenarios across sectors and regions, including the increasingly important interactions between state, regional, and federal policies. FACETS contains a realistic representation of key infrastructure, while retaining the flexibility to explore deep carbon emission reductions and other large changes from the baseline energy system. It is built using a unique, flexible multi-region approach so that the geographic relationships that drive the costs of energy technology transitions can be captured. Significant enhancements to the Veda-TIMES system and a GIS-results viewer permit the massive data handling needed to represent these relationships and interpret results. An analysis of a federal clean energy standard (CES) and investment in the transmission grid is presented.

Keywords: Clean energy standard; Energy system model; Multi-region modeling; Transmission investment (search for similar items in EconPapers)
JEL-codes: Q40 Q54 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:46:y:2014:i:c:p:136-150

DOI: 10.1016/j.eneco.2014.09.013

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