Impact of increased renewables on natural gas markets in eastern United States
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40565_2017_Article_292.pdf
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2.52 MB
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Author(s)
Nandakumar, Neha
Annaswamy, Anuradha M
Date Issued
May 2017
Journal
Journal of Modern Power Systems and Clean Energy
Publisher
Springer Berlin Heidelberg
Citation
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
Version
Final published version
Abstract
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.
MIT Department
MIT Institute for Data, Systems, and Society
Massachusetts Institute of Technology. Department of Mechanical Engineering
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Creative Commons Attribution
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DOI of Published Version
https://doi.org/10.1007/s40565-017-0292-1
