NREL Price Series Developed for the ARPA-E FLECCS Program
The price data for four regions (CAISO, ERCOT, MISO-W, and PJM-W) are developed using the ReEDS to PLEXOS conversion as described in (Gagnon et al. 2020). The reference ReEDS case chosen is based on the 2020 Standard Scenario Mid-case, which uses the 2020 ReEDS model version (Cole et al. 2020; Ho et al. 2021). All ReEDS model inputs use 2020 Standard Scenarios Mid-case assumptions except for CO2 prices, which are implemented as linearly increasing CO2 price trajectories beginning at $0/tCO2 in 2020 and ending at either $100/tCO2 or $150/tCO2 in 2035 to dive capacity expansion towards a low-carbon system that could support CCS deployment. However, these scenarios also prohibit CCS deployment in this time frame so that resulting price data are not influenced by the deployment and operation of CCS itself. Implementing the ReEDS to PLEXOS conversion tool, PLEXOS is then simulated using the 2035 ReEDS infrastructure for both CO2 price scenarios, with the following model version and setup: PLEXOS Version: 8.2 Solver: Xpress-MP 35.01.01 Mixed integer optimization relative gap 1% System configuration: Total number of nodes: 134 (consistent with ReEDS balancing areas) Line losses enforced using piecewise linear approximation Energy dump was enabled Price data is aggregated to the ISO/RTO level using load-weighted averages. References: Cole, Wesley, Sean Corcoran, Nathaniel Gates, Daniel Mai, Trieu, and Paritosh Das. 2020. ?2020 Standard Scenarios Report: A U.S. Electricity Sector Outlook.? NREL/TP-6A20-77442. Golden, CO: National Renewable Energy Laboratory. https://www.nrel.gov/docs/fy21osti/77442.pdf. Gagnon, Pieter, Will Frazier, Elaine Hale, and Wesley Cole. 2020. ?Cambium Documentation: Version 2020.? NREL/TP-6A20-78239. National Renewable Energy Lab. (NREL), Golden, CO (United States). https://doi.org/10.2172/1734551. Ho, Jonathan, Jonathon Becker, Maxwell Brown, Patrick Brown, Ilya (ORCID:0000000284917814) Chernyakhovskiy, Stuart Cohen, Wesley (ORCID:000000029194065X) Cole, et al. 2021. ?Regional Energy Deployment System (ReEDS) Model Documentation: Version 2020.? NREL/TP-6A20-78195. Golden, CO: National Renewable Energy Laboratory. https://doi.org/10.2172/1788425.
This Excel workbook includes price data along with model scenario information.
This document describes the model setups used to create the data and includes some summary statistics.
Citation Formats
TY - DATA
AB - The price data for four regions (CAISO, ERCOT, MISO-W, and PJM-W) are developed using the ReEDS to PLEXOS conversion as described in (Gagnon et al. 2020). The reference ReEDS case chosen is based on the 2020 Standard Scenario Mid-case, which uses the 2020 ReEDS model version (Cole et al. 2020; Ho et al. 2021). All ReEDS model inputs use 2020 Standard Scenarios Mid-case assumptions except for CO2 prices, which are implemented as linearly increasing CO2 price trajectories beginning at $0/tCO2 in 2020 and ending at either $100/tCO2 or $150/tCO2 in 2035 to dive capacity expansion towards a low-carbon system that could support CCS deployment. However, these scenarios also prohibit CCS deployment in this time frame so that resulting price data are not influenced by the deployment and operation of CCS itself. Implementing the ReEDS to PLEXOS conversion tool, PLEXOS is then simulated using the 2035 ReEDS infrastructure for both CO2 price scenarios, with the following model version and setup: PLEXOS Version: 8.2 Solver: Xpress-MP 35.01.01 Mixed integer optimization relative gap 1% System configuration: Total number of nodes: 134 (consistent with ReEDS balancing areas) Line losses enforced using piecewise linear approximation Energy dump was enabled Price data is aggregated to the ISO/RTO level using load-weighted averages. References: Cole, Wesley, Sean Corcoran, Nathaniel Gates, Daniel Mai, Trieu, and Paritosh Das. 2020. “2020 Standard Scenarios Report: A U.S. Electricity Sector Outlook.” NREL/TP-6A20-77442. Golden, CO: National Renewable Energy Laboratory. https://www.nrel.gov/docs/fy21osti/77442.pdf. Gagnon, Pieter, Will Frazier, Elaine Hale, and Wesley Cole. 2020. “Cambium Documentation: Version 2020.” NREL/TP-6A20-78239. National Renewable Energy Lab. (NREL), Golden, CO (United States). https://doi.org/10.2172/1734551. Ho, Jonathan, Jonathon Becker, Maxwell Brown, Patrick Brown, Ilya (ORCID:0000000284917814) Chernyakhovskiy, Stuart Cohen, Wesley (ORCID:000000029194065X) Cole, et al. 2021. “Regional Energy Deployment System (ReEDS) Model Documentation: Version 2020.” NREL/TP-6A20-78195. Golden, CO: National Renewable Energy Laboratory. https://doi.org/10.2172/1788425.
AU - Cohen
A2 - Durvasulu
DB - Open Energy Data Initiative (OEDI)
DP - Open EI | National Renewable Energy Laboratory
DO -
KW - Modeling
KW - electricity price
KW - ReEDS
KW - PLEXOS
KW - electricity
KW - carbon capture
LA - English
DA - 2021/12/23
PY - 2021
PB - National Renewable Energy Laboratory
T1 - NREL Price Series Developed for the ARPA-E FLECCS Program
UR - https://data.openei.org/submissions/8236
ER -
Cohen, and Durvasulu. NREL Price Series Developed for the ARPA-E FLECCS Program. National Renewable Energy Laboratory, 23 December, 2021, NREL. https://data.nrel.gov/submissions/181.
Cohen, & Durvasulu. (2021). NREL Price Series Developed for the ARPA-E FLECCS Program. [Data set]. NREL. National Renewable Energy Laboratory. https://data.nrel.gov/submissions/181
Cohen and Durvasulu. NREL Price Series Developed for the ARPA-E FLECCS Program. National Renewable Energy Laboratory, December, 23, 2021. Distributed by NREL. https://data.nrel.gov/submissions/181
@misc{OEDI_Dataset_8236,
title = {NREL Price Series Developed for the ARPA-E FLECCS Program},
author = {Cohen and Durvasulu},
abstractNote = {The price data for four regions (CAISO, ERCOT, MISO-W, and PJM-W) are developed using the ReEDS to PLEXOS conversion as described in (Gagnon et al. 2020). The reference ReEDS case chosen is based on the 2020 Standard Scenario Mid-case, which uses the 2020 ReEDS model version (Cole et al. 2020; Ho et al. 2021). All ReEDS model inputs use 2020 Standard Scenarios Mid-case assumptions except for CO2 prices, which are implemented as linearly increasing CO2 price trajectories beginning at $0/tCO2 in 2020 and ending at either $100/tCO2 or $150/tCO2 in 2035 to dive capacity expansion towards a low-carbon system that could support CCS deployment. However, these scenarios also prohibit CCS deployment in this time frame so that resulting price data are not influenced by the deployment and operation of CCS itself.\ Implementing the ReEDS to PLEXOS conversion tool, PLEXOS is then simulated using the 2035 ReEDS infrastructure for both CO2 price scenarios, with the following model version and setup:\ PLEXOS Version: 8.2\ Solver: Xpress-MP 35.01.01\ Mixed integer optimization relative gap 1\%\ System configuration:\ Total number of nodes: 134 (consistent with ReEDS balancing areas)\ Line losses enforced using piecewise linear approximation\ Energy dump was enabled\ Price data is aggregated to the ISO/RTO level using load-weighted averages.\ References:\ Cole, Wesley, Sean Corcoran, Nathaniel Gates, Daniel Mai, Trieu, and Paritosh Das. 2020. ?2020 Standard Scenarios Report: A U.S. Electricity Sector Outlook.? NREL/TP-6A20-77442. Golden, CO: National Renewable Energy Laboratory. https://www.nrel.gov/docs/fy21osti/77442.pdf.\ Gagnon, Pieter, Will Frazier, Elaine Hale, and Wesley Cole. 2020. ?Cambium Documentation: Version 2020.? NREL/TP-6A20-78239. National Renewable Energy Lab. (NREL), Golden, CO (United States). https://doi.org/10.2172/1734551.\ Ho, Jonathan, Jonathon Becker, Maxwell Brown, Patrick Brown, Ilya (ORCID:0000000284917814) Chernyakhovskiy, Stuart Cohen, Wesley (ORCID:000000029194065X) Cole, et al. 2021. ?Regional Energy Deployment System (ReEDS) Model Documentation: Version 2020.? NREL/TP-6A20-78195. Golden, CO: National Renewable Energy Laboratory. https://doi.org/10.2172/1788425.},
url = {https://data.nrel.gov/submissions/181},
year = {2021},
howpublished = {NREL, National Renewable Energy Laboratory, https://data.nrel.gov/submissions/181},
note = {Accessed: 2025-05-18}
}
Details
Data from Dec 23, 2021
Last updated Jan 21, 2025
Submitted Dec 23, 2021
Organization
National Renewable Energy Laboratory
Contact
Stuart Cohen
Authors
Original Source
https://data.nrel.gov/submissions/181Research Areas
Keywords
Modeling, electricity price, ReEDS, PLEXOS, electricity, carbon captureDOE Project Details
Project Name Multiscale Electricity Modeling for Evaluating Carbon Capture and Sequestration Technologies (MEME-CCS)
Project Number 19/CJ000/07/06
