A Monte Carlo Approach to Generator Portfolio Planning and Carbon Emissions Assessments of Systems with Large Penetrations of Variable Renewables

@inproceedings{Hart2010AMC,
  title={A Monte Carlo Approach to Generator Portfolio Planning and Carbon Emissions Assessments of Systems with Large Penetrations of Variable Renewables},
  author={Elaine K. Hart and Mark Z. Jacobson},
  year={2010}
}
A new generator portfolio planning model is described that is capable of quantifying the carbon emissions associated with systems that include very high penetrations of variable renewables. The model combines a deterministic renewable portfolio planning module with a Monte Carlo simulation of system operation that determines the expected least-cost dispatch from each technology, the necessary reserve capacity, and the expected carbon emissions at each hour. Each system is designed to meet a… CONTINUE READING
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