Impact of increased renewables on natural gas markets in eastern United States
This paper explores the market structures of natural gas and electricity as well as the interdependence of natural gas prices and bids with increasing reliance on natural gas as the penetration of renewable energy resources increases in order to complement their intermittencies. In particular, the p...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
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Springer Berlin Heidelberg
2017
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| Online Access: | http://hdl.handle.net/1721.1/108687 https://orcid.org/0000-0003-1542-9654 https://orcid.org/0000-0002-4354-0459 |
| _version_ | 1811087879400587264 |
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| author | Nandakumar, Neha Annaswamy, Anuradha M |
| author2 | MIT Institute for Data, Systems, and Society |
| author_facet | MIT Institute for Data, Systems, and Society Nandakumar, Neha Annaswamy, Anuradha M |
| author_sort | Nandakumar, Neha |
| collection | MIT |
| description | This paper explores the market structures of natural gas and electricity as well as the interdependence of natural gas prices and bids with increasing reliance on natural gas as the penetration of renewable energy resources increases in order to complement their intermittencies. In particular, the paper will attempt to answer the following two questions: What could the generation mix look like in 2030 with a renewable-rich generation landscape and how could this impact gas prices? How do gas-fired generator (GFG) generation volatility, their prices, and their bids for gas change between 2015 and 2030 with increased penetration of renewables? In order to answer these questions, computational models are derived using forecasting and regression analysis tools and an auction model. |
| first_indexed | 2024-09-23T13:53:20Z |
| format | Article |
| id | mit-1721.1/108687 |
| institution | Massachusetts Institute of Technology |
| language | English |
| last_indexed | 2024-09-23T13:53:20Z |
| publishDate | 2017 |
| publisher | Springer Berlin Heidelberg |
| record_format | dspace |
| spelling | mit-1721.1/1086872022-10-01T17:49:09Z Impact of increased renewables on natural gas markets in eastern United States Nandakumar, Neha Annaswamy, Anuradha M MIT Institute for Data, Systems, and Society Massachusetts Institute of Technology. Department of Mechanical Engineering Nandakumar, Neha Annaswamy, Anuradha M This paper explores the market structures of natural gas and electricity as well as the interdependence of natural gas prices and bids with increasing reliance on natural gas as the penetration of renewable energy resources increases in order to complement their intermittencies. In particular, the paper will attempt to answer the following two questions: What could the generation mix look like in 2030 with a renewable-rich generation landscape and how could this impact gas prices? How do gas-fired generator (GFG) generation volatility, their prices, and their bids for gas change between 2015 and 2030 with increased penetration of renewables? In order to answer these questions, computational models are derived using forecasting and regression analysis tools and an auction model. National Science Foundation (U.S.) (EFRI-1441301) 2017-05-05T13:50:53Z 2017-05-05T13:50:53Z 2017-05 2017-01 2017-05-05T04:55:13Z Article http://purl.org/eprint/type/JournalArticle 2196-5625 2196-5420 http://hdl.handle.net/1721.1/108687 Nandakumar, Neha, and Annaswamy, Anuradha M. “Impact of Increased Renewables on Natural Gas Markets in Eastern United States.” Journal of Modern Power Systems and Clean Energy (May 2017). © The Author(s) 2017 https://orcid.org/0000-0003-1542-9654 https://orcid.org/0000-0002-4354-0459 en http://dx.doi.org/10.1007/s40565-017-0292-1 Journal of Modern Power Systems and Clean Energy Creative Commons Attribution http://creativecommons.org/licenses/by/4.0/ The Author(s) application/pdf Springer Berlin Heidelberg Springer Berlin Heidelberg |
| spellingShingle | Nandakumar, Neha Annaswamy, Anuradha M Impact of increased renewables on natural gas markets in eastern United States |
| title | Impact of increased renewables on natural gas markets in eastern United States |
| title_full | Impact of increased renewables on natural gas markets in eastern United States |
| title_fullStr | Impact of increased renewables on natural gas markets in eastern United States |
| title_full_unstemmed | Impact of increased renewables on natural gas markets in eastern United States |
| title_short | Impact of increased renewables on natural gas markets in eastern United States |
| title_sort | impact of increased renewables on natural gas markets in eastern united states |
| url | http://hdl.handle.net/1721.1/108687 https://orcid.org/0000-0003-1542-9654 https://orcid.org/0000-0002-4354-0459 |
| work_keys_str_mv | AT nandakumarneha impactofincreasedrenewablesonnaturalgasmarketsineasternunitedstates AT annaswamyanuradham impactofincreasedrenewablesonnaturalgasmarketsineasternunitedstates |