Abstract: . . .  environmental and other non-energy benefits cannot be realized without an infrastructure that can accommodate the intermittent nature of wind generation resources. Though the Strategic Value Analysis (SVA) effort, the Energy Commission’s PIER Renewables Research and Development Program is paving a strategic pathway for the growth and integration of future renewable generation to meet aggressive RPS goals. The effort provides not only a vision for development but a methodology by which renewable resources can be assessed for their energy and non-energy benefits. The effort uniquely combines renewable . . .
. . .  Wind Power Plant: Revenue Requirements Economic Model Thissimplifiedmodel computesboththecurent$andconstant$level annual costforawindpowerplant. Thespreadsheetcel shighlightedingreenareinputcel s: InputCel Principal resultsarehighlightedinblue: Result Thisexampleassumesa20yeareconomiclifewithnosalvagevalueandgivescashflowsforeachyear. (2004 $) Results BASIC ASSUMPTIONS Wind PowerPlant LCOE ($/kW) 2004 Constant$ Capital Costs Yr 2005 Yr 2007 Yr 2010 Yr 2013 Yr 2017 Year Wholesale price No PTC PTC ($) ($/kW) ($/kW) ($/kW) ($/kW) ($/kW) ($/kW) 2005 0.0316 0.0535 0.0468 Total WindTurbineEquipment 31,944,857 . . .
. . .  generation to meet aggressive RPS goals. The effort provides not only a vision for development but a methodology by which renewable resources can be assessed for their energy and non-energy benefits. The effort uniquely combines renewable resource assessments, state-of-the-art power flow simulation analysis, related transmission modeling, and assessment of distributed generation potential for wind resources. SVA findings directly address the magnitude and timeframe for transmission and distribution upgrades as well as a set of priorities and upgrade locations. Page 51 50 Appendix A Economic Model . . .
. . .  for wind with a combined-cycle facility in constant (2004) dollars. Wholesale price predictions are based on natural gas prices. The Energy Commission forecasts can be found in the 2003 Electricity Report (www.energy.ca.gov). CPUC prices are based on an analysis completed by Energy and Environment Economics, Inc. (E3), and are consistent with methodology and inputs adopted for the CPUC Avoided Cost proceeding in Rulemaking 04-04-025, April 7, 2005. Details of E3’s methodology and input assumptions can be found on their website:(www.ethree.com/cpuc_avoidedcosts.html). As shown in Figures 9 and . . .
. . .  Turbines,” NREL Report No. TP-440-7224, 1994. 2. http://www.nrel.gov/research/wind/wind_turbines.html 3. Economic assumptions. http://www.energy.ca.gov/reports/2003-11-24 500-03-080F.pdf 4. California Energy Commission, Electricity Infrastructure Assessment Report, May 2003, pgs. 15-19 5. American Wind Energy Association, http://www.awea.org/pubs/documents/FAQ2002 percent20- percent20web.PDF  . . .
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