Emissions, Transmission, and the Environmental Value of Renewable Energy

Harrison Fell, Daniel Kaffine and Kevin Novan

No 283718, CEnREP Working Papers from North Carolina State University, Department of Agricultural and Resource Economics

Abstract: We examine how transmission congestion alters the environmental benefits provided by renewable generation. Using hourly data from the Texas and Mid-Continent electricity markets, we find that relaxing transmission constraints between the wind-rich areas and the demand centers of the respective markets conservatively increases the non-market value of wind by 31% for Texas and 13% for Mid-Continent markets. Much of this increase in the non-market value arises from a redistribution in where air quality improvements occur { when transmission is not constrained, wind offsets much more pollution from fossil fuel units located near highly populated demand centers.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Pages: 69
Date: 2019-02-04
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https://ageconsearch.umn.edu/record/283718/files/WP-2019-015.pdf (application/pdf)

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Journal Article: Emissions, Transmission, and the Environmental Value of Renewable Energy (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nccewp:283718

DOI: 10.22004/ag.econ.283718

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