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Least-Cost Structuring of 24/7 Carbon-Free Electricity Procurements

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  • Mike Ludkovski
  • Saad Mouti
  • Glen Swindle

Abstract

We consider the construction of renewable portfolios targeting specified carbon-free (CFE) hourly performance scores. We work in a probabilistic framework that uses a collection of simulation scenarios and imposes probability constraints on achieving the desired CFE score. In our approach there is a fixed set of available CFE generators and a given load customer who seeks to minimize annual procurement costs. We illustrate results using a realistic dataset of jointly calibrated solar and wind assets, and compare different approaches to handling multiple loads.

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  • Mike Ludkovski & Saad Mouti & Glen Swindle, 2023. "Least-Cost Structuring of 24/7 Carbon-Free Electricity Procurements," Papers 2312.07733, arXiv.org.
    • Handle: RePEc:arx:papers:2312.07733
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    File URL: http://arxiv.org/pdf/2312.07733
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