Intermittency and the Value of Renewable Energy
| dc.contributor.author | Gowrisankaran, Gautam | |
| dc.contributor.author | Reynolds, Stanley | |
| dc.contributor.author | Samano, Mario | |
| dc.date.accessioned | 2016-12-07T19:23:45Z | |
| dc.date.available | 2016-12-07T19:23:45Z | |
| dc.date.issued | 2016-08 | |
| dc.identifier.citation | Gautam Gowrisankaran, Stanley S. Reynolds, and Mario Samano, "Intermittency and the Value of Renewable Energy," Journal of Political Economy 124, no. 4 (August 2016): 1187-1234. | en |
| dc.identifier.issn | 0022-3808 | |
| dc.identifier.doi | 10.3386/w17086 | |
| dc.identifier.uri | http://hdl.handle.net/10150/621533 | |
| dc.description.abstract | A key problem with solar energy is intermittency: solar generators produce only when the sun is shining, adding to social costs and requiring electricity system operators to reoptimize key decisions. 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 carbon dioxide, we find social costs of $138.40 per megawatt hour for 20 percent solar generation, of which unforecastable intermittency accounts for $6.10 and intermittency overall for $46.00. With solar installation costs of $1.52 per watt and carbon dioxide social costs of $39.00 per ton, 20 percent solar would be welfare neutral. | |
| dc.description.sponsorship | Arizona Research Institute for Solar Energy | en |
| dc.language.iso | en | en |
| dc.publisher | UNIV CHICAGO PRESS | en |
| dc.relation.url | http://www.journals.uchicago.edu/doi/abs/10.1086/686733 | en |
| dc.rights | © 2011 by Gautam Gowrisankaran, Stanley S. Reynolds, and Mario Samano. | en |
| dc.rights.uri | http://rightsstatements.org/vocab/InC/1.0/ | |
| dc.title | Intermittency and the Value of Renewable Energy | en |
| dc.type | Article | en |
| dc.contributor.department | Univ Arizona | en |
| dc.identifier.journal | JOURNAL OF POLITICAL ECONOMY | en |
| dc.description.note | Electronically published June 29, 2016;12 Month Embargo. | en |
| dc.description.collectioninformation | This item from the UA Faculty Publications collection is made available by the University of Arizona with support from the University of Arizona Libraries. If you have questions, please contact us at repository@u.library.arizona.edu. | en |
| dc.eprint.version | Final published version | en |
| refterms.dateFOA | 2017-06-29T00:00:00Z | |
| html.description.abstract | A key problem with solar energy is intermittency: solar generators produce only when the sun is shining, adding to social costs and requiring electricity system operators to reoptimize key decisions. 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 carbon dioxide, we find social costs of $138.40 per megawatt hour for 20 percent solar generation, of which unforecastable intermittency accounts for $6.10 and intermittency overall for $46.00. With solar installation costs of $1.52 per watt and carbon dioxide social costs of $39.00 per ton, 20 percent solar would be welfare neutral. |
