Modeling Renewables and Storage for IRP, Procurement & Operations

August 15-16, 2019 | Denver,CO ::

0819-renewable-irp

As the prices of renewable energy and storage projects reach record-low levels and several states are considering increased portfolio standards, resource planners need to consider a wide range of economic benefits and costs when including these technologies in integrated resource plans. This course will provide the methodology to identify and evaluate those benefits and costs, which includes consideration of ancillary services, firm capacity values, curtailment, solar degradation, and battery charging cycles.

In particular, the content of the course will cover the modeling aspects needed to fairly evaluate renewables and storage alongside demand programs, natural gas power plants, and retirement of existing coal and nuclear resources. The differences between utility-owned projects and purchased power agreements will be illustrated, as well as how excess generation may either be sold at discounted market prices or curtailed. Specific battery topics will include evaluation of paired projects vs. grid storage and including replacement costs in the economic evaluation of deep discharging, which shortens the life of the battery.

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Learning Outcomes

Regarding renewables and storage, this instructional course will:

• Establish the base fundamentals for evaluation against a specific portfolio
• Review the concepts of energy balance and ancillary services
• Illustrate the methods used to determine capacity values
• Assess the differences between self-build options and purchased power agreements
• Explain the detailed parameters needed for modeling battery operations
• Identify risks and reliability concerns
• Examine the specific considerations for resource plans and specific project evaluation
• Review recent real-world projects and evaluations

Credits

EUCI is accredited by the International Accreditors for Continuing Education and Training (IACET) and offers IACET CEUs for its learning events that comply with the ANSI/IACET Continuing Education and Training Standard. IACET is recognized internationally as a standard development organization and accrediting body that promotes quality of continuing education and training.

EUCI is authorized by IACET to offer 1.0 CEUs for this event.

 

Requirements For Successful Completion Of Program

Participants must sign in/out each day and be in attendance for the entirety of the conference to be eligible for continuing education credit.

Instructional Methods

Case studies and PowerPoint presentations will be used in this program.

Thursday, August 15, 2019

7:45 – 8:15 a.m. :: Registration & Continental Breakfast

8:15 – 9:15 a.m. :: Comparing the Modeling Approach of Renewables and Storage to Legacy Generation Resources

• Nuclear
• Steam turbines fueled by coal, biomass, and geothermal
• Combustion turbines and reciprocating engines fueled by natural gas and diesel
• Combined cycle fueled by natural gas
• Hydro (with and without reservoir storage)
• Intermittent (wind and solar)
• Other non-dispatchable (landfill projects, co-generation, industrial processes)
• Storage (pumped hydro and batteries)
• Demand response

9:15 – 10:15 a.m. :: Energy Balancing with Ancillary Services

• Unit commitment and economic dispatch
• Operating reserves (spinning and non-spinning)
• Regulating reserves (both up and down)
• Minimum generation and curtailment
• Daily profile case studies

10:15 – 10:30 a.m. :: Morning Break

10:30 – 11:15 a.m. :: Capacity Reserve Margin Requirements

• Seasonal load carrying capability
• Maximum solar potential (from the “duck” curve)

11:15 a.m. – 12:00 p.m. :: Environmental Requirements

• Carbon limits vs. taxes
• RPS requirements with carveouts
• Banking with expiration

12:00 – 1:00 p.m. :: Group Luncheon

1:00 – 2:30 p.m. :: Self-Build, PPA, and Abandonment Costs

• Tax credits/incentives
• Curtailment considerations
• Economic carrying charges
• Avoidable costs vs. stranded costs

2:30 – 3:00 p.m. :: Networking Break

3:00 – 3:30 p.m. :: Developing Wind and Solar Profiles

• Location considerations
• Technology considerations
• Solar degradation
• Public data sources

3:30 – 4:45 p.m. :: Battery Modeling

• Operational considerations (minimum charge/maximum charge)
• Charging levels to support ancillary services and expected charging/discharging
• Including replacement costs for deep discharging
• Paired storage vs. grid storage

4:45 p.m. :: Course Adjourns for Day

Friday, August 16, 2019

8:00 – 8:30 a.m. :: Continental Breakfast

8:30 – 10:15 a.m. :: Risk Analysis and Evaluation

• Pre-defined scenarios
• Stochastic analysis
• Reliability calculations
• Sub-hourly (10 minute) analysis

10:30 – 11:15 a.m. :: Consideration for IRPs and Project-Specific Evaluations (RFP, QF, CPCN)

• Consideration of market purchases and sales
• Automatic capacity expansion vs. detailed simulations
• Calculating avoided costs

11:15 – 11:45 a.m. :: Review of Recent Projects

11:45 a.m. :: Course Adjourns

Norm Richardson, President, Anchor Power Solutions

Norm Richardson is the President of Anchor Power Solutions and has 25 years of experience in market price forecasting, integrated resource planning, risk evaluation, and economic transmission analysis. His experience includes developing software models, collecting and analyzing market data, consulting projects, and expert witness testimony. He holds a Bachelor’s of Science in Mathematics from Furman University and a Master’s of Science in Electrical Engineering from the Georgia Institute of Technology.

Greg Turk, Managing Partner, Horizons Energy

Greg Turk is the Managing Partner of Horizons Energy. With more than 30 years of experience, he utilizes a fundamental economic and engineering approach to address a wide range of electric industry planning problems including: price formation, asset valuation, risk analytics, resource planning, fuels management and environmental compliance.  Mr. Turk holds Bachelors of Science degrees in Physics and Mathematics from Elmhurst College and a Masters in Technology and Public Policy from Purdue University.

Kevin Cox, Principal, CDG Engineers

Kevin Cox is a Principal and Electrical Engineering Manager at CDG Engineers, where he has been for about the past seven years. He has direct experience leading Integrated Resource Planning for a major western electric utility, as well as, working directly with clients to implement industry standard methods for capacity expansion, forecasting, and production cost modeling to address their unique circumstances. Before joining CDG, over a decade Mr. Cox served in multiple capacities at Tri-State Generation & Transmission. Prior to that, he worked as an electrical engineer at Burns & McDonnell.

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Modeling Renewables and Storage for IRP, Procurement & Operations

August 15-16, 2019 | Denver,CO