气候变化领域集成服务门户(CCPortal): Impact of renewable electricity on utility finances: Assessing merit order effect for an Indian utility

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DOI	10.1016/j.enpol.2022.113092
	Impact of renewable electricity on utility finances: Assessing merit order effect for an Indian utility
	Jain, Sourabh; Shrimali, Gireesh
发表日期	2022
ISSN	0301-4215
EISSN	1873-6777
卷号	168 页码:13
英文摘要	Declining levelized costs of renewable energy have become a driving force in supporting renewable energy in India; the levelized cost of wind and solar has plummeted to between 3.3d/kWh and 4d/kWh. However, limited research exists on the impacts of renewables on the finances of Indian distribution utilities. The present study examines the financial impact of incremental penetration of the hydro, solar, and wind alternative in the generation mix of the distribution company of the Indian state of Madhya Pradesh. Using real-time 15-min interval data and a merit-order-dispatch model, the study quantifies the merit-order-effect and assess the potential savings from renewables. The results indicate that depending upon the penetration level under demand growth cases, renewable integration could lower the power purchase cost of Indian utilities by up to 11%. Wind produces most savings between 0.11d/kWh and 2.71d/kWh followed by solar -0.17d/kWh and 2.56d/kWh and hydro-0.32d/kWh and 2.05d/kWh. The savings will increase with rising electricity demand and plummeting costs of renewables. Integrating moderate levels of renewables no longer presents economic-environment trade-offs and can simultaneously meet multiple policy goals of energy affordability and environmental sustainability.
英文关键词	Indian power sector; Renewable electricity; Merit order effect; Simulation; Financial savings
学科领域	Economics; Energy & Fuels; Environmental Sciences; Environmental Studies
语种	英语
WOS研究方向	Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology
WOS记录号	WOS:000816030900002
来源期刊	ENERGY POLICY
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/272383
作者单位	Western University (University of Western Ontario); University of Oxford
推荐引用方式 GB/T 7714	Jain, Sourabh,Shrimali, Gireesh. Impact of renewable electricity on utility finances: Assessing merit order effect for an Indian utility[J],2022,168:13.
APA	Jain, Sourabh,&Shrimali, Gireesh.(2022).Impact of renewable electricity on utility finances: Assessing merit order effect for an Indian utility.ENERGY POLICY,168,13.
MLA	Jain, Sourabh,et al."Impact of renewable electricity on utility finances: Assessing merit order effect for an Indian utility".ENERGY POLICY 168(2022):13.