Full Title: Exploring Natural Gas and Renewables in ERCOT Part II: Future Generation Scenarios for Texas
Author(s): Ira Shavel, Jurgen Weiss, Peter Fox-Penner, Pablo Ruiz, Yingxia Yang, Rebecca Carroll, Jake Zahniser-Word
Publisher(s): The Brattle Group
Publication Date: December 1, 2013
Full Text: Download Resource
Description (excerpt):
In this report, we examine the future of gas and renewable power in Texas analytically through the simulation of several future grid expansion scenarios. Using a state-of-the-art modeling system we simulate the ERCOT system through 2032 under the six scenarios.
In each scenario, our modeling system simulated both the market-driven additions and retirements of capacity by power generators and the operation of the system by ERCOT, down to the intra-hour time frame, once these additions are installed. By combining the long- and short-term time frames, our approach ensures that the resource additions selected by the market result in a system that is able to provide grid power at the lowest total cost consistent with reliability standards.