NREL Price Series Developed for the ARPA-E FLECCS Program

The price data for four regions (CAISO, ERCOT, MISO-W, and PJM-W) are developed using the ReEDS to PLEXOS conversion as described in (Gagnon et al. 2020). The reference ReEDS case chosen is based on the 2020 Standard Scenario Mid-case, which uses the 2020 ReEDS model version (Cole et al. 2020; Ho et al. 2021). All ReEDS model inputs use 2020 Standard Scenarios Mid-case assumptions except for CO2 prices, which are implemented as linearly increasing CO2 price trajectories beginning at $0/tCO2 in 2020 and ending at either $100/tCO2 or $150/tCO2 in 2035 to dive capacity expansion towards a low-carbon system that could support CCS deployment. However, these scenarios also prohibit CCS deployment in this time frame so that resulting price data are not influenced by the deployment and operation of CCS itself.

Implementing the ReEDS to PLEXOS conversion tool, PLEXOS is then simulated using the 2035 ReEDS infrastructure for both CO2 price scenarios, with the following model version and setup:
PLEXOS Version: 8.2
Solver: Xpress-MP 35.01.01
Mixed integer optimization relative gap 1%
System configuration:
• Total number of nodes: 134 (consistent with ReEDS balancing areas)
• Line losses enforced using piecewise linear approximation
• Energy dump was enabled

Price data is aggregated to the ISO/RTO level using load-weighted averages.


Cole, Wesley, Sean Corcoran, Nathaniel Gates, Daniel Mai, Trieu, and Paritosh Das. 2020. “2020 Standard Scenarios Report: A U.S. Electricity Sector Outlook.” NREL/TP-6A20-77442. Golden, CO: National Renewable Energy Laboratory.

Gagnon, Pieter, Will Frazier, Elaine Hale, and Wesley Cole. 2020. “Cambium Documentation: Version 2020.” NREL/TP-6A20-78239. National Renewable Energy Lab. (NREL), Golden, CO (United States).

Ho, Jonathan, Jonathon Becker, Maxwell Brown, Patrick Brown, Ilya (ORCID:0000000284917814) Chernyakhovskiy, Stuart Cohen, Wesley (ORCID:000000029194065X) Cole, et al. 2021. “Regional Energy Deployment System (ReEDS) Model Documentation: Version 2020.” NREL/TP-6A20-78195. Golden, CO: National Renewable Energy Laboratory.
2 Data Resources
Name Size Type Resource Description History
Price Data 1.11 MB Data This Excel workbook includes price data along with model scenario information.
Model Setup and Documentation 478.05 KB Document This document describes the model setups used to create the data and includes some summary statistics.
Author Information
Stuart Cohen, National Renewable Energy Laboratory, ORCID iD: 0000-0001-8389-6516
Venkat Durvasulu, National Renewable Energy Laboratory
Cite This Dataset
Cohen, Stuart; Durvasulu, Venkat (2021): NREL Price Series Developed for the ARPA-E FLECCS Program. National Renewable Energy Laboratory. 10.7799/1838046
About This Dataset
DOE Project
Multiscale Electricity Modeling for Evaluating Carbon Capture and Sequestration Technologies (MEME-CCS)
Funding Organization
Department of Energy (DOE)
Sponsoring Organization
USDOE Advanced Research Projects Agency - Energy (ARPA-E)
Research Areas
Energy Analysis
Energy Systems Integration
Grid Modernization
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Digital Object Identifier