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ID: 149957

Achieving very high PV penetration – the need for an effective electricity remuneration framework and a central role for grid op / Perez, Richard; Rábago, Karl R; Trahan, Mike ; Perez, Marc

Perez, Richard	Journal Article
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Summary/Abstract

This article proposes that optimally deployed solutions to the intermittency introduced by high penetration solar – e. g., electrical storage, optimized curtailment and demand response – could affordably transform solar power generation into the firm power delivery system modern energy economies require, thereby enabling very high solar penetration and the displacement of conventional power generation. The optimal deployment of these high-penetration-enabling solutions imply the existence of a healthy power grid, and therefore imply a central role for utilities and grid operators.

Key Words

Photovoltaics ; Firm Power Generation and Intermittency Solutions ; Electricity Remuneration

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ID: 110422

Solar power generation in the US: too expensive, or a bargain? / Perez, Richard; Zweibel, Ken; Hoff, Thomas E

Perez, Richard	Journal Article
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Publication

2011.

Summary/Abstract

This article identifies the combined value that solar electric power plants deliver to utilities' rate payers and society's tax payers. Benefits that are relevant to utilities and their rate payers include traditional, measures of energy and capacity. Benefits that are tangible to tax payers include environmental, fuel price mitigation, outage risk protection, and long-term economic growth components. Results for the state of New York suggest that solar electric installations deliver between 15 and 40 ¢/kWh to ratepayers and tax payers. These results provide economic justification for the existence of payment structures (often referred to as incentives) that transfer value from those who benefit from solar electric generation to those who invest in solar electric generation.

Key Words

Value ; Solar energy ; Cost

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