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Highlights from Recent EPRI Climate-Related Work CA Council on Science & Technology October 2006 Bryan Hannegan Director, Environment
2 © 2006 Electric Power Research Institute, Inc. All rights reserved. September 2006 About EPRI EPRI is an independent non-profit collaborative research and development organization –Funded by 1000 energy companies in 40 countries –Includes IOUs, munis, co-ops –Also includes govt organizations that fund public benefit R&D (e.g. CEC) Climate research is a priority for EPRI –Inform climate policy discussions –Reduce costs through technology R&D –Support utility investment decisions
3 © 2006 Electric Power Research Institute, Inc. All rights reserved. September 2006 Topics for Today Generation Options in a Carbon Constrained World Impacts of CO 2 Prices on Existing & New Generation Advancing Energy Efficiency Plug-In Hybrid Vehicle Potential Analysis of CA Climate Legislation
Generation Options in a Carbon Constrained World
5 © 2006 Electric Power Research Institute, Inc. All rights reserved. September 2006 Generation Options Framework Levelized cost of electricity –Standard EPRI methodology –Constant 2006 $ costs –Lines are mean values from a range of studies Two key uncertainties –Future cost of CO 2 –Future price of natural gas Two timeframes – time-period – time-period
6 © 2006 Electric Power Research Institute, Inc. All rights reserved. September 2006 Comparative Costs in Cost of CO 2, $/metric ton Levelized Cost of Electricity, $/MWh CF Nuclear PC IGCC Biomass
7 © 2006 Electric Power Research Institute, Inc. All rights reserved. September 2006 Take-Aways for Time Period Nuclear is clearly lowest-cost, but unlikely before 2015 due to significant licensing & construction time. Next most economic are fossil-fueled technologies (NGCC, PC, and IGCC) w/o CO 2 capture and storage –Will comprise dispatchable base-load generation prior to 2015 –Natural gas will re-emerge only if prices ~$4/MMBtu New advanced coal plants with CO 2 capture and storage will probably not occur until after Carbon prices must be > $30/tCO 2 for wind, biomass
8 © 2006 Electric Power Research Institute, Inc. All rights reserved. September x 750 MW Advanced PC Plant……………… MW Base Load IGCC Plant…………..……2010 First of TXUs 11 New Plants Online (PC).… Carson Project Pet Coke Gasification…….……2011 FutureGen Living Laboratory Operating….….2013 Advanced Coal with Capture Deployment Long Technology Development Cycle…With Uncertainty 2011 Advanced Coal Technology Time Line
9 © 2006 Electric Power Research Institute, Inc. All rights reserved. September 2006 Whats Possible: Horizon Technology Advances in Efficiency Cost Reductions through Design Improvements CO 2 Capture and Storage - Development and Deployment Biomass Gasification Technology Energy Storage Capability
10 © 2006 Electric Power Research Institute, Inc. All rights reserved. September 2006 Comparative Costs in Cost of CO 2, $/metric ton Levelized Cost of Electricity, $/MWh Nuclear Wind Biomass An Extraordinary Opportunity to Develop a Low-Carbon Portfolio IGCC w/cap PC w/cap
Impact of CO 2 Prices on Existing and New Generation
12 © 2006 Electric Power Research Institute, Inc. All rights reserved. September 2006 CO 2 Value Impacts Market Price and Generator Net Revenue for Each Hour of Dispatch
13 © 2006 Electric Power Research Institute, Inc. All rights reserved. September 2006 Position in Stack Determines Each Generators Net Revenue for the Year – $/kW-year
14 © 2006 Electric Power Research Institute, Inc. All rights reserved. September 2006 Coal Land Represented by ECAR + MAIN
15 © 2006 Electric Power Research Institute, Inc. All rights reserved. September 2006 Coal Land – CO $0/ton
16 © 2006 Electric Power Research Institute, Inc. All rights reserved. September 2006 Coal Land – CO $50/ton
17 © 2006 Electric Power Research Institute, Inc. All rights reserved. September 2006 Net Revenues for Existing Units
18 © 2006 Electric Power Research Institute, Inc. All rights reserved. September 2006 Net Revenues for Advanced Generation Units
19 © 2006 Electric Power Research Institute, Inc. All rights reserved. September 2006 Key Insights 1.Higher production costs from CO 2 value does not imply lower net revenues for some units due to feedback loop from plant costs to market prices 2.Risk exposure to coal generation highly dependent on Regional generation mix Gas price level 3. Older coal plants more exposed to CO 2 risk than newer plants, a factor for environmental retrofit decisions
Advancing Energy Efficiency
21 © 2006 Electric Power Research Institute, Inc. All rights reserved. Strategies for Efficient Use of Electricity Three Interrelated Strategies Energy Efficiency (EE) Demand Response (DR) Dynamic Systems (DS) Implemented through an Electricity Efficiency Infrastructure that allows prices to devices EE DSDR
22 © 2006 Electric Power Research Institute, Inc. All rights reserved. Dynamic Systems: A Critical Need Efficient Building Systems Utility Communications Dynamic Systems Control Data Management Distribution Operations Distributed Generation & Storage Plug-In Hybrids Smart End-Use Devices Control Interface Advanced Metering Consumer Portal & Building EMS Internet Renewables PV
23 © 2006 Electric Power Research Institute, Inc. All rights reserved. Creating an Energy Efficiency Initiative Established Electricity Efficiency Technology Ad-Hoc Committee of EPRI Board Conducting Regional Workshops to obtain additional input from utilities and other stakeholders –Oct 31 – Southern California (Hosted by Lynda Ziegler of SCE; contact Ellen Petrill for details) Identify and finalize new elements of EPRI Electricity Efficiency Technology Initiative by end of year Coordinate with the Edison Electric Institute and other industry organizations
Plug-In Hybrid Electric Vehicle Potential
25 © 2006 Electric Power Research Institute, Inc. All rights reserved. Plug-In Hybrid Greenhouse Gas Emissions
26 © 2006 Electric Power Research Institute, Inc. All rights reserved. Source: EPRI CO 2 Offsets Increase with Cleaner Electricity Electricity CO 2 emissions in g CO 2 kWh -` Total vehicle CO 2 emissions in g CO 2 mi -1
27 © 2006 Electric Power Research Institute, Inc. All rights reserved. Plug-in Hybrid Electric Vehicle Progress EPRI/SCE Advanced Battery Test Program EPRI/DOE Product Development Johnson Control/Saft Alignment Technology Innovation - Nanotechnololgy Automotive Analysis in Process Argonne National Lab Environmental Value Analysis Environmental Base Program PHEV Sprinter Data Collection Eaton/EPRI Trouble Truck Batteries Auto Environment Data
28 © 2006 Electric Power Research Institute, Inc. All rights reserved. HEV Technology Timeline HEV Market Introduction HEV Sales Accelerate EPRI PHEV Sprinter with DaimlerChrysler Li Ion Batteries Enter HEV Market PHEV Sales Accelerate Widespread PHEV Adoption EPRI PHEV Utility Trouble Truck with Eaton/Ford Initial EPRI PHEV Study DOE Begins PHEV Program EPRI/Utility PHEV Fleet Demonstrations Costs Decrease Most OEMs Have PHEV in Lineup 30-mile EV range Customer Market Pull: Increased EV Range Greater EV Performance 40-mile EV Range Plug-in Night Time Charge24 Hr. Grid AccessAuto-Docking Time of Use Charge & Automatic Billing Infrastructure First PHEVs: 7 to 20-mile EV Range Li Ion Battery Initial PHEV Market Intro
Overview of California Climate Policy Activity
30 © 2006 Electric Power Research Institute, Inc. All rights reserved. California Climate Policy Activity Government policy actions Governor's Executive Order sets GHG mitigation targets State Senate and Governor announce deal for comprehensive cap on GHG emissions (AB 32) New long term (> 5 years) base-load requires performance standard equal to a CCGT (SB 1368) 33% Renewable Portfolio Standard by 2020 (PUC) EPRI California climate policy research Analysis of CA GHG mitigation targets Analysis of 3 existing economic studies
31 © 2006 Electric Power Research Institute, Inc. All rights reserved. California GHG LegislationKey Points Role of the Air Resources Board Rules, procedures, regulations, etc. unclear at present achieve maximum technologically feasible and cost- effective GHG reductions. Authorizes market-based compliance mechanism(s) Mandatory reporting of GHG emission sources Timing 6/30/2007 ARB to publish list of early actions… By 1/1/2011 ARB shall adopt regulations Become effective 1/1/2012
32 © 2006 Electric Power Research Institute, Inc. All rights reserved. California GHG LegislationKey Points Economic impact unclear at present State has yet to work out details of implementation Supporters say it wont harm business Provision for safety valve Governor has authority to delay emission-cap by up to one year in an emergency New Energy Investments Face Uncertainty Any project will face undefined restrictions/costs as reductions, measures and limits not known until 2011 Financing these projects may be very difficult
33 © 2006 Electric Power Research Institute, Inc. All rights reserved. EPRI Examining California GHG Policies Independent analysis of economic costs and benefits Funded by Southern California Edison Project duration-- January June 2007 EPRI has provided status reports to SCE and other interested organizations Project results will be provided to the public Advisory Committee provides peer-review Report will be released November 2006
34 © 2006 Electric Power Research Institute, Inc. All rights reserved. EPRI Evaluation of Previous Economic Studies Previous research indicated benefits for economy Economic analysis by the Climate Action Team Independent economic analysis by Center for Clean Air Policy (CCAP) Third report by UC Berkeley Climate Change Center All three studies based on bottom-up analysis of many separate policy measures Bottom-up analyses displays systematic optimistic bias about the economic costs Undergoing peer-review and should be widely available in near future
35 © 2006 Electric Power Research Institute, Inc. All rights reserved. California climate activities important for rest of country May lead to other state/regional/national proposals Getting rules right in California will be helpful for subsequent proposals in other states or nationally Remember deregulation … Issues are complex; unintended consequences costly Any proposed government actions (ARB) should be carefully examined prior to implementation: -What are the impacts on electric system? economy? -How do you constrain electricity imports? -Can technology meet the pace of regulations? Closing Thoughts
36 © 2006 Electric Power Research Institute, Inc. All rights reserved. Carbon Prices DO Affect Electricity Rates!
Transition of the Generation Fleet in a Carbon-constrained World American Public Power Association October 17, 2006 Barbara Tyran Director, Washington.
Planning for a Low-Carbon Future at San Diego Gas & Electric Rob Anderson Director of Resource Planning San Diego Gas & Electric Western Resource Planners.
Power Play: Energy Market Developments Tri-State Member Services Meeting October 7, 2010 Eric H. Larson VP - ACES Power Marketing.
The California Global Warming Solutions Act of 2006 (AB32) The California Global Warming Solutions Act of 2006 (AB32) California Council on Science and.
Generation Technologies in a Carbon-constrained World The Power Conference ‘06 Houston June 29, 2006 Steve Specker President & CEO.
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Generation Technologies in a Carbon-constrained World Steve Specker President & CEO October 2005.
Utility Perspective on Climate Change Frank Prager January 22, 2008 Frank Prager January 22, 2008.
Item #16 California Measure SB375: Linking Greenhouse Gas Emissions Reductions to Metropolitan Transportation Planning Presentation to the National Capital.
Opting for “Long Term Operations” Technical, economic and regulatory considerations MARC Conference June 8, 2010 Sean Bushart, EPRI Sr. Program Manager.
The Power to Reduce CO 2 Emissions The Full Portfolio National Association of Utility Regulatory Commissioners Winter Committee Meetings Committee on Electricity.
EDISON INTERNATIONAL® SM Water Energy Nexus Charley Wilson Urban Water Institute February 21, 2013.
Carbon Regulation and Resource Planning Jim Hill Western Resource Planning Forum June 21, 2010.
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1 Capturing Surplus Chapter Chapter Twelve Overview 1.Introduction: Airline Tickets 2.Price Discrimination First Degree Second Degree Third Degree.
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Political Factors Affecting the Renewables and Energy Efficiency Remarks of Ron Binz, Chairman Colorado Public Utilities Commission October 15, 2010 IPPAI.
Future Power Generation in Georgia Georgia Climate Change Summit May 6, 2008 Danny Herrin, Manager Climate and Environmental Strategies Southern Company.
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Environmental Management & Sustainability ALEX HETHERINGTON - Benefits Beyond Compliance Libstar Manufacturing Forum May Irene Country Club.
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1 October 22, 2009 NESCAUM Low Carbon Fuel Standards Stakeholder Meeting Transportation Fuels Panel Boston, Massachusetts Watson Collins Manager, Business.
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McGraw-Hill/Irwin Copyright © 2007 by The McGraw-Hill Companies, Inc. All rights reserved. 5 Capacity Planning For Products and Services.
Energy in the U.S. - Why Wind? Financing Wind Power: The Future of Energy Institute for Professional and Executive Development Scottsdale, Arizona May.
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28 th of February, Romanian Power System – the right time to act Ph.D.(Eng) Carmencita CONSTANTIN, Director of Energy & Environment Strategies.
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