economic modeling with emission constraints 2007 ... · economic modeling with emission constraints...
TRANSCRIPT
Sunil Talati, President Mandhir Sahni, Senior Energy Analyst
PwrSolutions Inc.
Economic Modeling with Emission Constraints2007 PowerWorld Client Conference
New Orleans, LouisianaOctober 25-26, 2007
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OrganizationPowerWorld Applications
Economic Modeling of Emission Constraints
Overview
Our Vision
Development Outline – Proposed Approach
Development Outline - Benefit Matrix
Development Outline – End Product
Economic Assessment Module
Overview
Conceptual Flow Diagram
Bench-Marking Results & Live Demonstration
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PowerWorld ApplicationsStrategic/Economic consulting for transmission & generation planningFuturistic Locational Marginal Pricing (LMP) based studies to asses:– Financial Feasibility of planned generation projects– Price Signals for siting purposes– Decisions on acquisition of Transmission Congestion Rights
(TCR)/Firm Transmission Rights (FTR)
Transmission Assessment Studies – Approximate 200 such studies spanning ERCOT, NYISO, NE-ISO, CAISO, SPP, PJM, WECC & MISO regions conductedMarket Accessibility Studies
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PowerWorld ApplicationsSoftware Capability:
Automated PowerWorld-based power flow & contingency, Available Transfer Capability (ATC), generation interconnection and transmission planning modules
In-house, automated hourly-LMP forecasting software with transmission model & SCOPF in PowerWorld
Performance evaluation of LMP-forecasting module by historical benchmarking for various energy markets , more prominently PJM
Computing Capability:Dedicated in-house parallel processing computing facility for multiple year round analysis
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Economic Modeling of Emission Constraints – Overview
Department of Energy (DOE) – Small Business Innovative Research (SBIR), Phase I awarded under Electricity System Reliability ModelCollaborative effort between PwrSolutions & PowerWorld CorporationIssues development seeks to address:
Quantitative Assessment of impact of new technologies on:• Economic performance of National Grid• Environmental performance of National Grid• Reliability performance of National Grid• Security-related performance of National Grid
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Economic Modeling of Emission Constraints – Our Vision
Phase I ObjectivesConnect/Link model nomenclature for all applicable data
sources – Access to NEMS
Extension of existing integrated model:
– Include emission limits associated with operation of specific units
– Include economic value of emission limits
– Include transient or dynamic transmission interchange
– Include variation of transmission interchange based on LMP
Development of user-friendly Graphical User Interface (GUI)
for non-technical entities
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Development Outline – Proposed ApproachP
roposedW
ork PlanData Directory Integration
Model Integration
Model Updates
Model Extension
Study Specific Modules
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Development Outline – Benefit Matrix
Municipalities
Counties
Cities
Consulting Companies
Large Industrial Customers
Power Marketers
Utility Companies
ISOs / RTOs
State PUCs
Federal Agencies
Reliability Assessment
Module
Security Assessment
Module
Environmental Assessment
Module
Economic Assessment
Module
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Development Outline – End ProductEnd-product envisioned encompasses the following capabilities:
Economic Assessment Module
Environmental Assessment Module
Reliability Assessment Module
Security Assessment Module
Easy to use front-end user interface
Demonstrate performance on PJM market
Obtain comprehensive understanding of NEMS – Model compatibility with NEMS
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Economic Assessment Module - Flow Diagram
Hourly Unit CommitmentCALL
POWERWORLD
LASTHOUR
?
- DISPATCH COST- PLANT O/P- CLOSED/OPEN- BUS# & ID-TIME PERIOD
HOURLY LMPS
NO. YES. BUS LMPGEN LMPZONAL LMP
Transmission Contingency List
Hourly Power Transactions
Hourly Loads ForRelevant Regions
Transmission Model
Forced Outage Information
UC Data in PowerWorld Format
PROCESS TO BE REPEATED FOR ALL HOURS
RUNSCOPF/PRI. LP
O/PRESULTS
IN .txt
Hourly Environmental Data
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Economic Assessment Module – Preliminary Bench-marking
Apr06 Monthly Average LMP
0.00
10.00
20.00
30.00
40.00
50.00
60.00
Beaver Valley MetEd Western Hub ConeMaugh Three MileIsland
PenElec Homer City
LMP Actual
Backcast
Comparative plot between Actual and Back-cast LMP
values at significant points in PJM system for April 2006
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Hou
rly Un
it Com
mitm
ent
Win
d Resou
rce Integration
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SCO
PF Execu
tion M
odule