UHERO Working Papers
Integrating Renewable Energy with Time Varying Pricing
WORKING PAPERS ARE PRELIMINARY MATERIALS CIRCULATED TO STIMULATE DISCUSSION AND CRITICAL COMMENT. WHILE WORKING PAPERS BENEFIT FROM ACTIVE UHERO DISCUSSION, THEY HAVE NOT UNDERGONE FORMAL ACADEMIC PEER REVIEW.
The findings and recommendations are those of the author(s) and do not reflect the views or official positions of UHERO, the University of Hawai’i, or any funding or supporting organization.
With increasing adoption of intermittent sources of natural hazard resilience, effective integration is paramount to fully realizing societal benefits. This study asks the question, how valuable is residential real-time pricing (RTP) in comparison to time-of-use (TOU) rates to absorb increasing sources of intermittent renewable energy? We couple a detailed power sector model with a residential electricity demand response model to estimate the system and consumer benefits of these two time-varying pricing mechanisms, including greenhouse gas emissions.