I can't access the full paper but there's something wrong here. A few concerns I have :
1) Congestion rents are not mentioned anywhere when they have as large if not a larger impact on the cost to rate payers than energy price.
2) There's no mention of a "security constrained" commitment model which is what I believe PJM uses.
3) Saying that you'll just build a distributed system and assuming a low cost ignores easement costs, acquisition costs, and legal costs in building any energy infrastructure.
I'm no high power electrical engineer but I'd be surprised to see this not including some sort of drastic misunderstanding of how these infrastructures and the markets around them function.
An idea with potential is building HVDC lines from renewables to populated areas but you'll still need natural gas kickers for when demand spikes.
1) Congestion rents are not mentioned anywhere when they have as large if not a larger impact on the cost to rate payers than energy price.
2) There's no mention of a "security constrained" commitment model which is what I believe PJM uses.
3) Saying that you'll just build a distributed system and assuming a low cost ignores easement costs, acquisition costs, and legal costs in building any energy infrastructure.
I'm no high power electrical engineer but I'd be surprised to see this not including some sort of drastic misunderstanding of how these infrastructures and the markets around them function.
An idea with potential is building HVDC lines from renewables to populated areas but you'll still need natural gas kickers for when demand spikes.