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Integrating Renewable Energy with Time Varying Pricing

Makena Coffman (), Paul Bernstein, Derek Stenclik, Sherilyn Wee and Aida Arik
Additional contact information
Makena Coffman: UHERO; Department of Urban and Regional Planning, University of Hawaii
Paul Bernstein: UHERO
Derek Stenclik: GE Energy Consulting
Sherilyn Wee: UHERO; Public Policy Center, University of Hawaii
Aida Arik: UHERO

No 2018-6, Working Papers from University of Hawaii Economic Research Organization, University of Hawaii at Manoa

Abstract: With increasing adoption of intermittent sources of renewable energy, effective integration is paramount to fully realizing societal benefits. This study asks the question, how valuable is residential real-time pricing (RTP) in comparison to time-of-use (TOU) rates to absorb increasing sources of intermittent renewable energy? We couple a detailed power sector model with a residential electricity demand response model to estimate the system and consumer benefits of these two time-varying pricing mechanisms, including greenhouse gas emissions.

Pages: 32 pages
Date: 2018-08
New Economics Papers: this item is included in nep-ene, nep-env and nep-reg
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https://uhero.hawaii.edu/wp-content/uploads/2019/08/UHEROwp1806.pdf First version, 2018 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:hae:wpaper:2018-6

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