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JGCRI / gcam-core

GCAM -- The Global Change Analysis Model
http://jgcri.github.io/gcam-doc/
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Electricity investment costs and stranded asset calculation by Plutus #350

Open Shukla02Nikita opened 8 months ago

Shukla02Nikita commented 8 months ago

@mengqi-z Hi, I am Nikita Shukla, an energy modeling professional based in New Delhi, India. I am interested in understanding the specific methodology employed to calculate electricity investment costs and stranded asset valuation in Plutus. I am also curious about the literature and references that informed this process.

pkyle commented 8 months ago

I assume you're aware that there's a paper documenting Plutus, but just in case: https://joss.theoj.org/papers/10.21105/joss.03212 The key assumptions behind the calculations performed are the capacity factor and overnight capital cost, both of which come from NREL's Annual Technology Baseline datasets: https://atb.nrel.gov/electricity/2023/index For estimating stranded assets, GCAM has an endogenous "profit-shutdown-decider" which reduces the output of cohorts of power plants whose operating costs exceed the revenues from selling electricity.

Shukla02Nikita commented 8 months ago

Hey Kyle, thanks alot! This helps!