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CA Greenhouse Gas Policy Moves Forward
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In Sept., 2007, Gov. Schwarzennegger signed legislation requiring CA to reduce overall Greenhouse Gas (GHG) emissions to 1990 levels by 2025 (about a 25% reduction). This reduction is intended to be achieved through regulatory and market mechanisms.
Studies are underway to try to understand the most cost-effective way for the CA electric sector to achieve compliance. Perhaps the most comprehensive current study is one sponsored by the CPUC / CEC (performed by a team of consultants including E3 and PLEXOS Solutions) to evaluate alternative methods of achieving GHG reduction and the associated costs. Some experts are concerned that both the 20 and 33 percent renewable targets in 2020 may fall short of the 25% reduction in GHG and additional measures may need to be considered. The CPUC study purpose and assumptions are available at http://www.ethree.com/cpuc_ghg_model.html
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Modeling Cascading Hydro Systems
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Hydro systems are often modeled simplistically without fully optimizing the hydro resource or accurately reflecting its physical constraints. Hydro resources are often modeled as an hourly profile, which negates the ancillary-service value and ability to respond to the system's uncertainty. Storage models which are optimized without considering other cascading hydro components can understate the value of hydro or inaccurately reflect actual physical limitations such as timing between reservoirs.
Unlike other planning models, PLEXOS simultaneously optimizes hydro with all other system constraints such as pump storage, thermal, transmission, and energy, ancillary-service, fuel, and emission markets. PLEXOS can treat hydrological conditions stochastically and can model the water value either intrinistically (PLEXOS derived) or extrinsically (input variable). For a specific example of using PLEXOS to model the Northern California Power Agency's 250 MW Calaveras cascading hydro system, please refer to the link at the right.
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About Plexos
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PLEXOS Solutions licenses the PLEXOS software product in North America and provides implementation, training, and support services.
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Eric Toolson, CEO (916) 722 - 1484 PLEXOS Solutions
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