The Effect of Natural Gas Prices on Power System Reliability
Purpose of Review Electricity production in United States of America is shifting from coal to natural gas. Much of this shift is driven by decreased natural gas prices, which are resulting from hydraulic fracturing. Decreased natural gas prices are causing a price reversal in the merit order between...
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| Veröffentlicht in: | Current sustainable/renewable energy reports. 2021-09, Vol.8 (3), p.164-173 |
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| creator | Mansouri, Mahan A. Sioshansi, Ramteen |
| description | Purpose of Review
Electricity production in United States of America is shifting from coal to natural gas. Much of this shift is driven by decreased natural gas prices, which are resulting from hydraulic fracturing. Decreased natural gas prices are causing a price reversal in the merit order between natural-gas- and coal-fired generators. Given that these fuel-price changes are anticipated to persist and are impacting power-system operations, a question is how these changes impact power-system reliability.
Recent Findings
We survey literature that pertains to how fuel prices impact power-system reliability. Most existing works focus on long-term dynamics and power-system planning. Moreover, most reliability assessments assume that power-system resources are operated correctly to meet reliability requirements. Thus, they may not capture the impact on the availability of generating capacity of power-system operations changing due to fuel prices. We use a case study that is based on Texas’s power system to show how operational decisions can impact power-system reliability.
Summary
We demonstrate that the operational impact of fuel prices can have dramatic reliability effects. These findings illustrate the importance of capturing power-system operations in assessing power-system reliability. |
| doi_str_mv | 10.1007/s40518-021-00185-5 |
| format | Article |
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Electricity production in United States of America is shifting from coal to natural gas. Much of this shift is driven by decreased natural gas prices, which are resulting from hydraulic fracturing. Decreased natural gas prices are causing a price reversal in the merit order between natural-gas- and coal-fired generators. Given that these fuel-price changes are anticipated to persist and are impacting power-system operations, a question is how these changes impact power-system reliability.
Recent Findings
We survey literature that pertains to how fuel prices impact power-system reliability. Most existing works focus on long-term dynamics and power-system planning. Moreover, most reliability assessments assume that power-system resources are operated correctly to meet reliability requirements. Thus, they may not capture the impact on the availability of generating capacity of power-system operations changing due to fuel prices. We use a case study that is based on Texas’s power system to show how operational decisions can impact power-system reliability.
Summary
We demonstrate that the operational impact of fuel prices can have dramatic reliability effects. These findings illustrate the importance of capturing power-system operations in assessing power-system reliability.</description><identifier>ISSN: 2196-3010</identifier><identifier>EISSN: 2196-3010</identifier><identifier>DOI: 10.1007/s40518-021-00185-5</identifier><language>eng</language><publisher>Cham: Springer International Publishing</publisher><subject>Economics and Management ; Electric power generation ; Electric power systems ; Energy ; Energy Markets (R Sioshansi and A Mousavian ; Energy Policy ; Energy Storage ; Environmental Science and Engineering ; Fuels ; Gasoline prices ; Generating capacity ; Hydraulic fracturing ; Natural gas ; Natural gas prices ; Reliability analysis ; Renewable and Green Energy ; Section Editors ; System reliability ; Topical Collection on Energy Markets</subject><ispartof>Current sustainable/renewable energy reports., 2021-09, Vol.8 (3), p.164-173</ispartof><rights>The Author(s), under exclusive licence to Springer Nature Switzerland AG 2021</rights><rights>The Author(s), under exclusive licence to Springer Nature Switzerland AG 2021.</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c2345-7d59a5f3f2ccdb244f1622dff39033c7ff39b7c50471b85b425cd14f492ee6d13</citedby><cites>FETCH-LOGICAL-c2345-7d59a5f3f2ccdb244f1622dff39033c7ff39b7c50471b85b425cd14f492ee6d13</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://link.springer.com/content/pdf/10.1007/s40518-021-00185-5$$EPDF$$P50$$Gspringer$$H</linktopdf><linktohtml>$$Uhttps://link.springer.com/10.1007/s40518-021-00185-5$$EHTML$$P50$$Gspringer$$H</linktohtml><link.rule.ids>314,780,784,27924,27925,41488,42557,51319</link.rule.ids></links><search><creatorcontrib>Mansouri, Mahan A.</creatorcontrib><creatorcontrib>Sioshansi, Ramteen</creatorcontrib><title>The Effect of Natural Gas Prices on Power System Reliability</title><title>Current sustainable/renewable energy reports.</title><addtitle>Curr Sustainable Renewable Energy Rep</addtitle><description>Purpose of Review
Electricity production in United States of America is shifting from coal to natural gas. Much of this shift is driven by decreased natural gas prices, which are resulting from hydraulic fracturing. Decreased natural gas prices are causing a price reversal in the merit order between natural-gas- and coal-fired generators. Given that these fuel-price changes are anticipated to persist and are impacting power-system operations, a question is how these changes impact power-system reliability.
Recent Findings
We survey literature that pertains to how fuel prices impact power-system reliability. Most existing works focus on long-term dynamics and power-system planning. Moreover, most reliability assessments assume that power-system resources are operated correctly to meet reliability requirements. Thus, they may not capture the impact on the availability of generating capacity of power-system operations changing due to fuel prices. We use a case study that is based on Texas’s power system to show how operational decisions can impact power-system reliability.
Summary
We demonstrate that the operational impact of fuel prices can have dramatic reliability effects. These findings illustrate the importance of capturing power-system operations in assessing power-system reliability.</description><subject>Economics and Management</subject><subject>Electric power generation</subject><subject>Electric power systems</subject><subject>Energy</subject><subject>Energy Markets (R Sioshansi and A Mousavian</subject><subject>Energy Policy</subject><subject>Energy Storage</subject><subject>Environmental Science and Engineering</subject><subject>Fuels</subject><subject>Gasoline prices</subject><subject>Generating capacity</subject><subject>Hydraulic fracturing</subject><subject>Natural gas</subject><subject>Natural gas prices</subject><subject>Reliability analysis</subject><subject>Renewable and Green Energy</subject><subject>Section Editors</subject><subject>System reliability</subject><subject>Topical Collection on Energy Markets</subject><issn>2196-3010</issn><issn>2196-3010</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2021</creationdate><recordtype>article</recordtype><sourceid>ABUWG</sourceid><sourceid>AFKRA</sourceid><sourceid>AZQEC</sourceid><sourceid>BENPR</sourceid><sourceid>CCPQU</sourceid><sourceid>DWQXO</sourceid><sourceid>GNUQQ</sourceid><recordid>eNp9kE1LAzEURYMoWGr_gKuA62hevmYCbqTUVihatK5DJpPolGmnJlNk_r1TR9CVq3cX594HB6FLoNdAaXaTBJWQE8qAUAq5JPIEjRhoRTgFevonn6NJShvaU1pnXOkRul2_ezwLwbsWNwE_2vYQbY3nNuFVrJxPuNnhVfPpI37pUuu3-NnXlS2qumq7C3QWbJ385OeO0ev9bD1dkOXT_GF6tySOcSFJVkptZeCBOVcWTIgAirEyBK4p5y47hiJzkooMilwWgklXgghCM-9VCXyMrobdfWw-Dj61ZtMc4q5_aZhUoHLFleopNlAuNilFH8w-VlsbOwPUHEWZQZTpRZlvUUb2JT6UUg_v3nz8nf6n9QVz42kC</recordid><startdate>20210901</startdate><enddate>20210901</enddate><creator>Mansouri, Mahan A.</creator><creator>Sioshansi, Ramteen</creator><general>Springer International Publishing</general><general>Springer Nature B.V</general><scope>AAYXX</scope><scope>CITATION</scope><scope>3V.</scope><scope>7WY</scope><scope>7WZ</scope><scope>7XB</scope><scope>87Z</scope><scope>8FE</scope><scope>8FG</scope><scope>8FK</scope><scope>8FL</scope><scope>ABJCF</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>ATCPS</scope><scope>AZQEC</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>BGLVJ</scope><scope>BHPHI</scope><scope>BKSAR</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>FRNLG</scope><scope>F~G</scope><scope>GNUQQ</scope><scope>HCIFZ</scope><scope>K60</scope><scope>K6~</scope><scope>L.-</scope><scope>L6V</scope><scope>M0C</scope><scope>M7S</scope><scope>PATMY</scope><scope>PCBAR</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>PTHSS</scope><scope>PYCSY</scope><scope>PYYUZ</scope><scope>Q9U</scope></search><sort><creationdate>20210901</creationdate><title>The Effect of Natural Gas Prices on Power System Reliability</title><author>Mansouri, Mahan A. ; Sioshansi, Ramteen</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c2345-7d59a5f3f2ccdb244f1622dff39033c7ff39b7c50471b85b425cd14f492ee6d13</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2021</creationdate><topic>Economics and Management</topic><topic>Electric power generation</topic><topic>Electric power systems</topic><topic>Energy</topic><topic>Energy Markets (R Sioshansi and A Mousavian</topic><topic>Energy Policy</topic><topic>Energy Storage</topic><topic>Environmental Science and Engineering</topic><topic>Fuels</topic><topic>Gasoline prices</topic><topic>Generating capacity</topic><topic>Hydraulic fracturing</topic><topic>Natural gas</topic><topic>Natural gas prices</topic><topic>Reliability analysis</topic><topic>Renewable and Green Energy</topic><topic>Section Editors</topic><topic>System reliability</topic><topic>Topical Collection on Energy Markets</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Mansouri, Mahan A.</creatorcontrib><creatorcontrib>Sioshansi, Ramteen</creatorcontrib><collection>CrossRef</collection><collection>ProQuest Central (Corporate)</collection><collection>Access via ABI/INFORM (ProQuest)</collection><collection>ABI/INFORM Global (PDF only)</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>ABI/INFORM Global (Alumni Edition)</collection><collection>ProQuest SciTech Collection</collection><collection>ProQuest Technology Collection</collection><collection>ProQuest Central (Alumni) (purchase pre-March 2016)</collection><collection>ABI/INFORM Collection (Alumni Edition)</collection><collection>Materials Science & Engineering Collection</collection><collection>ProQuest Central (Alumni Edition)</collection><collection>ProQuest Central UK/Ireland</collection><collection>Agricultural & Environmental Science Collection</collection><collection>ProQuest Central Essentials</collection><collection>ProQuest Central</collection><collection>Business Premium Collection</collection><collection>Technology Collection</collection><collection>Natural Science Collection</collection><collection>Earth, Atmospheric & Aquatic Science Collection</collection><collection>ProQuest One Community College</collection><collection>ProQuest Central Korea</collection><collection>Business Premium Collection (Alumni)</collection><collection>ABI/INFORM Global (Corporate)</collection><collection>ProQuest Central Student</collection><collection>SciTech Premium Collection</collection><collection>ProQuest Business Collection (Alumni Edition)</collection><collection>ProQuest Business Collection</collection><collection>ABI/INFORM Professional Advanced</collection><collection>ProQuest Engineering Collection</collection><collection>ABI/INFORM Global</collection><collection>Engineering Database</collection><collection>Environmental Science Database</collection><collection>Earth, Atmospheric & Aquatic Science Database</collection><collection>ProQuest One Business</collection><collection>ProQuest One Business (Alumni)</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>Engineering Collection</collection><collection>Environmental Science Collection</collection><collection>ABI/INFORM Collection China</collection><collection>ProQuest Central Basic</collection><jtitle>Current sustainable/renewable energy reports.</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Mansouri, Mahan A.</au><au>Sioshansi, Ramteen</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>The Effect of Natural Gas Prices on Power System Reliability</atitle><jtitle>Current sustainable/renewable energy reports.</jtitle><stitle>Curr Sustainable Renewable Energy Rep</stitle><date>2021-09-01</date><risdate>2021</risdate><volume>8</volume><issue>3</issue><spage>164</spage><epage>173</epage><pages>164-173</pages><issn>2196-3010</issn><eissn>2196-3010</eissn><abstract>Purpose of Review
Electricity production in United States of America is shifting from coal to natural gas. Much of this shift is driven by decreased natural gas prices, which are resulting from hydraulic fracturing. Decreased natural gas prices are causing a price reversal in the merit order between natural-gas- and coal-fired generators. Given that these fuel-price changes are anticipated to persist and are impacting power-system operations, a question is how these changes impact power-system reliability.
Recent Findings
We survey literature that pertains to how fuel prices impact power-system reliability. Most existing works focus on long-term dynamics and power-system planning. Moreover, most reliability assessments assume that power-system resources are operated correctly to meet reliability requirements. Thus, they may not capture the impact on the availability of generating capacity of power-system operations changing due to fuel prices. We use a case study that is based on Texas’s power system to show how operational decisions can impact power-system reliability.
Summary
We demonstrate that the operational impact of fuel prices can have dramatic reliability effects. These findings illustrate the importance of capturing power-system operations in assessing power-system reliability.</abstract><cop>Cham</cop><pub>Springer International Publishing</pub><doi>10.1007/s40518-021-00185-5</doi><tpages>10</tpages></addata></record> |
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| ispartof | Current sustainable/renewable energy reports., 2021-09, Vol.8 (3), p.164-173 |
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| source | SpringerNature Journals |
| subjects | Economics and Management Electric power generation Electric power systems Energy Energy Markets (R Sioshansi and A Mousavian Energy Policy Energy Storage Environmental Science and Engineering Fuels Gasoline prices Generating capacity Hydraulic fracturing Natural gas Natural gas prices Reliability analysis Renewable and Green Energy Section Editors System reliability Topical Collection on Energy Markets |
| title | The Effect of Natural Gas Prices on Power System Reliability |
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