Economic evaluations of alternative electric generating technologies typically rely on
comparisons between their expected “levelized cost” per MWh supplied. I demonstrate that …

This research investigates the economic penetration and system-wide effects of large-scale
intermittent technologies in an electric generation system. The research extends the …

An important characteristic of most renewable energy sources is intermittency in their ability
to generate electricity. Yet, intermittency is usually ignored in life-cycle cost calculations …

Previously, we quantified a decline in the marginal economic value of wind and PV with
increasing penetration levels based on a long-run equilibrium investment and dispatch …

The rapidly falling costs of renewable energy has made them the focus of efforts in making a
low-carbon transition. However, when cheap large-scale energy storage is not available, the …

Electricity is a paradoxical economic good: it is highly homogeneous and heterogeneous at
the same time. Electricity prices vary dramatically between moments in time, between …

We estimate the long-run economic value of variable renewable generation with increasing
penetration using a unique investment and dispatch model that captures long-run …

Renewable electricity policies promote investment in renewable electricity generators and
have become increasingly common around the world. Because of intermittency and the …

Electric-generating systems are so complex that the problems of devising analytical
techniques and models that predict their actual behavior are enormous. But since the …

This paper analyzes the impacts of imposing a Federal 20 percent non-hydropower
renewable generation portfolio standard (RPS) on US energy markets by 2020. The US …