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Publications

Viewing all publications in Electricity
  • Modeling Strategic Objectives and Behavior in the Transition of the Energy Sector to Inform Policymaking Cover

    Modeling Strategic Objectives and Behavior in the Transition of the Energy Sector to Inform Policymaking

    in The Electricity Journal

    The typical starting point and centerpiece of energy decarbonization is the electric power sector, a large direct GHG emitter. Published in The Electricity Journalthis paper explores what the modeling community should do to inform this transition, including expanding energy market datasets and designing models that incorporate multiple objectives and manifold actors behaving strategically in a framework consisting of large uncertainty, while accounting for the physics of power systems.

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  • Climate and Power System Reliability in the Aftermath of the Texas Blackouts Cover

    Climate and Power System Reliability in the Aftermath of the Texas Blackouts

    The February 2021 blackout in Texas underscored the importance of reliable and resilient power systems. This article discusses the roles of regulators, markets, fuel and generation supply chains, and interdependent infrastructures, and finds that they need to be reconsidered and redefined to successfully meet the future challenges of increased electrification and severe weather

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  • Who Knows What: Information Barriers to Efficient DER Roll-Out Cover

    Who Knows What: Information Barriers to Efficient DER Roll-Out

    Working Paper

    While academic research on Distributed Energy Resources (DERs) has been mostly focused on first-best systems, we hypothesize that in reality multiple information barriers to efficient DER roll-out exist. We thus study the prevalence and importance of information issues arising in the context of deployment of DERs by reviewing the existing engineering and economic literature on distributed resources, analyzing DER-related regulatory proceedings, and surveying the relevant electricity sector stakeholders for their perception of information relevance and accessibility.

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  • Strategic Policymaking for Implementing Renewable Portfolio Standards: A Tri-level Optimization Approach Cover

    Strategic Policymaking for Implementing Renewable Portfolio Standards: A Tri-level Optimization Approach

    Forthcoming

    Appropriately designed renewable support policies can play a leading role in promoting renewable expansions and contribute to low emission goals. Meanwhile, ill-designed policies may distort electricity markets, put power utilities and generation companies on an unlevel playing field and, in turn, cause inefficiencies. This paper, forthcoming in IEEE Transactions on Power Systems, proposes a framework to optimize policymaking for renewable energy sources, while incorporating conflicting interests and objectives of different stakeholders.

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  • Resource Adequacy in a Decarbonized Future Cover

    Resource Adequacy in a Decarbonized Future

    Wholesale Market Design Options and Considerations

    This report examines the relationship between resource adequacy and renewable energy. It explores the impacts of renewables on the functioning of resource adequacy mechanisms and how different resource adequacy approaches affect renewable investment, finding that current approaches—with certain adjustments—are capable of ensuring that the lights stay on during a future that is powered largely by renewable energy.

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