A view to the future of natural gas and electricity: An integrated modeling approach

A-Tier
Journal: Energy Economics
Year: 2016
Volume: 60
Issue: C
Pages: 486-496

Authors (3)

Cole, Wesley J. (not in RePEc) Medlock, Kenneth B. (not in RePEc) Jani, Aditya (not in RePEc)

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper demonstrates the value of integrating two highly spatially resolved models: the Rice World Gas Trade Model (RWGTM) of the natural gas sector and the Regional Energy Deployment System (ReEDS) model of the U.S. electricity sector. The RWGTM passes electricity-sector natural gas prices to the ReEDS model, while the ReEDS model returns electricity-sector natural gas demand to the RWGTM. The two models successfully converge to a solution under reference scenario conditions. We present electricity-sector and natural gas sector evolution using the integrated models for this reference scenario. This paper demonstrates that the integrated models produced similar national-level results as when running in a stand-alone form, but that regional and state-level results can vary considerably. As we highlight, these regional differences have potentially significant implications for electric sector planners especially in the wake of substantive policy changes for the sector (e.g., the Clean Power Plan).

Technical Details

RePEc Handle
repec:eee:eneeco:v:60:y:2016:i:c:p:486-496
Journal Field
Energy
Author Count
3
Added to Database
2026-01-26