Least-Cost Structuring of 24/7 Carbon-Free Electricity Procurements

Mike Ludkovski, Saad Mouti and Glen Swindle

Papers from arXiv.org

Abstract: We consider the construction of renewable portfolios targeting specified carbon-free (CFE) hourly performance scores. We work in a probabilistic framework that uses a collection of simulation scenarios and imposes probability constraints on achieving the desired CFE score. In our approach there is a fixed set of available CFE generators and a given load customer who seeks to minimize annual procurement costs. We illustrate results using a realistic dataset of jointly calibrated solar and wind assets, and compare different approaches to handling multiple loads.

Date: 2023-12
New Economics Papers: this item is included in nep-ene and nep-env
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