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NREL Price Series Developed for the ARPA-E FLECCS Program

Metadata Updated: January 22, 2025

The price data for four regions (CAISO, ERCOT, MISO-W, and PJM-W) are developed using the ReEDS to PLEXOS conversion as described in (Gagnon et al. 2020). The reference ReEDS case chosen is based on the 2020 Standard Scenario Mid-case, which uses the 2020 ReEDS model version (Cole et al. 2020; Ho et al. 2021). All ReEDS model inputs use 2020 Standard Scenarios Mid-case assumptions except for CO2 prices, which are implemented as linearly increasing CO2 price trajectories beginning at $0/tCO2 in 2020 and ending at either $100/tCO2 or $150/tCO2 in 2035 to dive capacity expansion towards a low-carbon system that could support CCS deployment. However, these scenarios also prohibit CCS deployment in this time frame so that resulting price data are not influenced by the deployment and operation of CCS itself. Implementing the ReEDS to PLEXOS conversion tool, PLEXOS is then simulated using the 2035 ReEDS infrastructure for both CO2 price scenarios, with the following model version and setup: PLEXOS Version: 8.2 Solver: Xpress-MP 35.01.01 Mixed integer optimization relative gap 1% System configuration: Total number of nodes: 134 (consistent with ReEDS balancing areas) Line losses enforced using piecewise linear approximation Energy dump was enabled Price data is aggregated to the ISO/RTO level using load-weighted averages. References: Cole, Wesley, Sean Corcoran, Nathaniel Gates, Daniel Mai, Trieu, and Paritosh Das. 2020. “2020 Standard Scenarios Report: A U.S. Electricity Sector Outlook.” NREL/TP-6A20-77442. Golden, CO: National Renewable Energy Laboratory. https://www.nrel.gov/docs/fy21osti/77442.pdf. Gagnon, Pieter, Will Frazier, Elaine Hale, and Wesley Cole. 2020. “Cambium Documentation: Version 2020.” NREL/TP-6A20-78239. National Renewable Energy Lab. (NREL), Golden, CO (United States). https://doi.org/10.2172/1734551. Ho, Jonathan, Jonathon Becker, Maxwell Brown, Patrick Brown, Ilya (ORCID:0000000284917814) Chernyakhovskiy, Stuart Cohen, Wesley (ORCID:000000029194065X) Cole, et al. 2021. “Regional Energy Deployment System (ReEDS) Model Documentation: Version 2020.” NREL/TP-6A20-78195. Golden, CO: National Renewable Energy Laboratory. https://doi.org/10.2172/1788425.

Access & Use Information

Public: This dataset is intended for public access and use. License: Creative Commons Attribution

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Dates

Metadata Created Date January 11, 2025
Metadata Updated Date January 22, 2025

Metadata Source

Harvested from OpenEI data.json

Additional Metadata

Resource Type Dataset
Metadata Created Date January 11, 2025
Metadata Updated Date January 22, 2025
Publisher National Renewable Energy Laboratory
Maintainer
Identifier https://data.openei.org/submissions/8236
Data First Published 2021-12-23T22:06:42Z
Data Last Modified 2025-01-21T22:15:57Z
Public Access Level public
Bureau Code 019:20
Metadata Context https://openei.org/data.json
Metadata Catalog ID https://openei.org/data.json
Schema Version https://project-open-data.cio.gov/v1.1/schema
Catalog Describedby https://project-open-data.cio.gov/v1.1/schema/catalog.json
Data Quality True
Harvest Object Id fedabae2-0543-43f5-82a0-e822ab534007
Harvest Source Id 7cbf9085-0290-4e9f-bec1-91653baeddfd
Harvest Source Title OpenEI data.json
Homepage URL https://data.nrel.gov/submissions/181
License https://creativecommons.org/licenses/by/4.0/
Program Code 019:000
Projectnumber 19/CJ000/07/06
Projecttitle Multiscale Electricity Modeling for Evaluating Carbon Capture and Sequestration Technologies (MEME-CCS)
Source Datajson Identifier True
Source Hash 6a3489af239d9356e891590c4db1eff4a9f7861f8d404f62620b01792346476f
Source Schema Version 1.1

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