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Integrating Renewable Energy with Time Varying Pricing

Author

Listed:
  • Makena Coffman

    (UHERO; Department of Urban and Regional Planning, University of Hawaii)

  • Paul Bernstein

    (UHERO)

  • Derek Stenclik

    (GE Energy Consulting)

  • Sherilyn Wee

    (UHERO; Public Policy Center, University of Hawaii)

  • Aida Arik

    (UHERO)

Abstract

With increasing adoption of intermittent sources of renewable energy, effective integration is paramount to fully realizing societal benefits. This study asks the question, how valuable is residential real-time pricing (RTP) in comparison to time-of-use (TOU) rates to absorb increasing sources of intermittent renewable energy? We couple a detailed power sector model with a residential electricity demand response model to estimate the system and consumer benefits of these two time-varying pricing mechanisms, including greenhouse gas emissions.

Suggested Citation

  • Makena Coffman & Paul Bernstein & Derek Stenclik & Sherilyn Wee & Aida Arik, 2018. "Integrating Renewable Energy with Time Varying Pricing," Working Papers 2018-6, University of Hawaii Economic Research Organization, University of Hawaii at Manoa.
    • Handle: RePEc:hae:wpaper:2018-6
    as

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    File URL: https://uhero.hawaii.edu/wp-content/uploads/2019/08/UHEROwp1806.pdf
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    References listed on IDEAS

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