1. System Issues Associated with Climate Change
Ward Jewell
Wichita State
PSerc Research Workshop
August 4-7, 2008

2. M21: Technical and Economic Implications of Greenhouse Gas Regulation in a Transmission Constrained Restructured Electricity Market

3. High gas price and normal system load: ($/MMBtu) Coal 1. 95, gas, 12
High gas price and normal system load: ($/MMBtu) Coal 1.95, gas, 12.74, oil 16.37

4. High gas price and heavy system load: ($/MMBtu) Coal 1. 95, gas 12
High gas price and heavy system load: ($/MMBtu) Coal 1.95, gas 12.74, oil 16.37
Will have generating costs and LMPs; first have to figure out where carbon payments go.
Right now we are simulating a simple carbon tax with the tax money going elsewhere.

5. Once you hit gas limits, you have to look at other options :
Renewables (true carbon footprint is unknown)
Carbon footprint (negative) of electricity storage
Carbon footprint (negative) of increased t&d efficiency
Costs with CCS
Customer efficiency and DSM
Long-term generator expansion planning is needed

6. Other issues that need to be addressed:
Hydro/wind availability effects on the system
Higher temperatures, different load profiles, revised design standards
including evs
Markets: carbon tax vs. cap and trade
Risk management with uncertainty in CC and regulations
New capability: production costing/market simulations