IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/53679.html
   My bibliography  Save this paper

Modified RPS Calculator: Inputs, Updating Procedure, and Outputs

Author

Listed:
  • Omid, M. Rouhani

Abstract

This report provides an overview of the modified version of the renewable portfolio standard (RPS) Calculator model. In this report, we describe the inputs and outputs of the modified model, show the method used for updating demand and the resulting effects on the outputs, explain the procedures to set up the model for running, and provide an approach for reinstalling the model on a new RPS Calculator version. The model estimates the benefits of Electric Program Investment Charge (EPIC) research, which lowers the cost or affects the technical parameters (e.g. capacity factor) of renewable and conventional energy generation, electricity demand levels, emissions, fuel costs, and system losses. The general logic of the model is as follows: EPIC projects affect the parameters (inputs) used inside the model; the average effect on the parameters of the model is then determined by the market penetration of the technology; values for the effects on the parameters are drawn repeatedly from one of the few statistical or empirical distributions to reflect specific estimates of penetration for each draw; finally, the model is run with the new random inputs considering all random effects, and the changes in outputs are stored. The modified version also incorporates a demand estimation procedure based on electricity prices. The original RPS Calculator model makes use of fixed demand forecasts. The EPIC version employs Short-run and Long-run demand functions that are responsive to prices, and estimates the demand endogenously. Based on new electricity prices (costs) obtained from running the RPS Calculator, all demand elements are iteratively updated using the demand functions. This report also reviews the system-wide effects of using price-responsive demand in comparison with using fixed demand forecasts. The last section of the report explains how the model can be installed on newer versions of the RPS Calculator. CPUC and Energy and Environmental Economics (E3) will update the RPS Calculator regularly. This report describes the steps needed to attach the existing Visual Basic (VB) programs and to add the EPIC’s model-specific sheets to the new RPS Calculator. The result will be a new EPIC model which can be run using the new RPS Calculator features. Also, we listed a number of important possible modifications that can be made to improve the model.

Suggested Citation

  • Omid, M. Rouhani, 2013. "Modified RPS Calculator: Inputs, Updating Procedure, and Outputs," MPRA Paper 53679, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:53679
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/53679/1/MPRA_paper_53679.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Dahl, Carol A., 1993. "A survey of energy demand elasticities in support of the development of the NEMS," MPRA Paper 13962, University Library of Munich, Germany.
    2. Rouhani, Omid M. & Niemeier, Debbie & Knittel, Christopher R. & Madani, Kaveh, 2013. "Integrated modeling framework for leasing urban roads: A case study of Fresno, California," Transportation Research Part B: Methodological, Elsevier, vol. 48(C), pages 17-30.
    3. Espey, James A. & Espey, Molly, 2004. "Turning on the Lights: A Meta-Analysis of Residential Electricity Demand Elasticities," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 36(1), pages 1-17, April.
    4. Ali Mirchi & Saeed Hadian & Kaveh Madani & Omid M. Rouhani & Azadeh M. Rouhani, 2012. "World Energy Balance Outlook and OPEC Production Capacity: Implications for Global Oil Security," Energies, MDPI, vol. 5(8), pages 1-26, July.
    5. Poorzahedy, Hossain & Rouhani, Omid M., 2007. "Hybrid meta-heuristic algorithms for solving network design problem," European Journal of Operational Research, Elsevier, vol. 182(2), pages 578-596, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. M. Rouhani, Omid, 2015. "Impact of Value of Time (VOT) on toll roads," MPRA Paper 65087, University Library of Munich, Germany.
    2. M Rouhani, Omid, 2016. "Social welfare analysis of HOV to HOT conversion," MPRA Paper 75816, University Library of Munich, Germany.
    3. Rouhani, Omid M. & Niemeier, Debbie & Gao, H. Oliver & Bel, Germà, 2016. "Cost-benefit analysis of various California renewable portfolio standard targets: Is a 33% RPS optimal?," Renewable and Sustainable Energy Reviews, Elsevier, vol. 62(C), pages 1122-1132.
    4. M. Rouhani, Omid, 2015. "Revenue Risk Mitigation Options for Toll Roads," MPRA Paper 67662, University Library of Munich, Germany.
    5. Omid, M. Rouhani, 2013. "Queue Dissipation Shockwave Speed for Signalized Intersections," MPRA Paper 53161, University Library of Munich, Germany.
    6. Rouhani, Omid M., 2013. "Queue Dissipation Shockwave Speed– A Signalized Intersection Case Study," 54th Annual Transportation Research Forum, Annapolis, Maryland, March 21-23, 2013 206954, Transportation Research Forum.
    7. Rouhani, Omid, 2017. "Manage energy/environmental footprints of travel: A proposed solution/methodology," MPRA Paper 83344, University Library of Munich, Germany.
    8. Ivan Faiella & Luciano Lavecchia, 2021. "Households' energy demand and the effects of carbon pricing in Italy," Questioni di Economia e Finanza (Occasional Papers) 614, Bank of Italy, Economic Research and International Relations Area.
    9. Woo, C.K. & Liu, Y. & Zarnikau, J. & Shiu, A. & Luo, X. & Kahrl, F., 2018. "Price elasticities of retail energy demands in the United States: New evidence from a panel of monthly data for 2001–2016," Applied Energy, Elsevier, vol. 222(C), pages 460-474.
    10. Perrels, Adriaan & Sahari, Anna & Nissinen, Ari, 2009. "The overall economic and environmental effectiveness of a combined carbon footprinting and feedback system - Climate Bonus project report (WP6)," Research Reports 143, VATT Institute for Economic Research.
    11. C. Woo & J. Zarnikau & E. Kollman, 2012. "Exact welfare measurement for double-log demand with partial adjustment," Empirical Economics, Springer, vol. 42(1), pages 171-180, February.
    12. Jason B. Jorgensen & Fred Joutz, 2012. "Modelling and Forecasting Residential Electricity Consumption in the U.S. Mountain Region," Working Papers 2012-003, The George Washington University, Department of Economics, H. O. Stekler Research Program on Forecasting.
    13. Rouhani, Omid M. & Niemeier, Debbie, 2014. "Flat versus spatially variable tolling: A case study in Fresno, California," Journal of Transport Geography, Elsevier, vol. 37(C), pages 10-18.
    14. Rouhani, Omid M. & Geddes, R. Richard & Gao, H. Oliver & Bel, Germà, 2016. "Social welfare analysis of investment public–private partnership approaches for transportation projects," Transportation Research Part A: Policy and Practice, Elsevier, vol. 88(C), pages 86-103.
    15. Woo, C.K. & Shiu, A. & Liu, Y. & Luo, X. & Zarnikau, J., 2018. "Consumption effects of an electricity decarbonization policy: Hong Kong," Energy, Elsevier, vol. 144(C), pages 887-902.
    16. Reuter, Wolf Heinrich & Szolgayová, Jana & Fuss, Sabine & Obersteiner, Michael, 2012. "Renewable energy investment: Policy and market impacts," Applied Energy, Elsevier, vol. 97(C), pages 249-254.
    17. Omid M. Rouhani & H. Oliver Gao, 2016. "Evaluating Various Road Ownership Structures and Potential Competition on an Urban Road Network," Networks and Spatial Economics, Springer, vol. 16(4), pages 1019-1042, December.
    18. Rouhani, Omid, 2021. "Transportation Project Evaluation Methods/Approaches- Version 2," MPRA Paper 105729, University Library of Munich, Germany.
    19. M. Rouhani, Omid, 2019. "Transportation Project Evaluation Methods/Approaches," MPRA Paper 91451, University Library of Munich, Germany.
    20. M. Rouhani, Omid, 2014. "Road pricing: An overview," MPRA Paper 59662, University Library of Munich, Germany.

    More about this item

    Keywords

    RPS Calculator; renewables; electricity prices; California.;
    All these keywords.

    JEL classification:

    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • H32 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Firm
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q21 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Demand and Supply; Prices
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:53679. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.