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Intermittency and the Value of Renewable Energy / Gautam Gowrisankaran, Stanley S. Reynolds, Mario Samano.
- Format:
- Book
- Author/Creator:
- Gowrisankaran, Gautam.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w17086.
- NBER working paper series no. w17086
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2011.
- Summary:
- A key problem with solar energy is intermittency: solar generators only produce when the sun is shining. This adds to social costs and also requires electricity system operators to reoptimize key decisions with large-scale renewables. We develop a method to quantify the economic value of large-scale renewable energy. We estimate the model for southeastern Arizona. Not accounting for offset CO2, we find social costs of $138.4/MWh for 20% solar generation, of which unforecastable intermittency accounts for $6.1 and intermittency overall for $46. With solar installation costs of $1.52/W and CO2 social costs of $39/ton, 20% solar would be welfare neutral.
- Notes:
- Print version record
- May 2011.
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