Publications

    Weiss, Jurgen, Ryan Hledik, Roger Lueken, Tony Lee, and Will Gorman. “Estimating the Value of Electricity Storage in PJM: Arbitrage and Some Welfare Effects.” Energy Economics 31, no. 2 (2020): 269-277. Publisher's VersionAbstract

    Significant increases in prices and price volatility of natural gas and electricity have raised interest in the potential economic opportunities for electricity storage. In this paper, we analyze the arbitrage value of a price-taking storage device in PJM during the six-year period from 2002 to 2007, to understand the impact of fuel prices, transmission constraints, efficiency, storage capacity, and fuel mix. The impact of load-shifting for larger amounts of storage, where reductions in arbitrage are offset by shifts in consumer and producer surplus as well as increases in social welfare from a variety of sources, is also considered

      Salovaara, Jackson. “Coal to Natural Gas: Fuel Switching and CO2 Emissions Reduction.” Applied Mathematics, 2011.Abstract

      US natural gas prices fell in 2009 on account of weak demand and increased supply from shale gas production. The fall in prices led to a reduction in coal- fired electricity generation and a concomitant increase in natural gas-fired electricity generation. Low natural gas prices conjoined with static coal prices and underutilized natural gas power plant capacity to create an environment primed for switching from natural gas to coal. Due to differences in chemical make-ups and plant efficiencies between the two fuels, this switching led to a significant reduction in carbon dioxide emissions. This thesis models how the fuel switching effect occurred and how it translated to an emissions reduction. It also analyzes several hypothetical policies aimed at augmenting the effect to achieve further reductions in emissions. Throughout the analysis, it considers the other impacts— environmental, human health, and economic—of a large-scale shift from a fuel

      system based on coal to one based on natural gas.

      Salovaara, Jackson. “Coal to Natural Gas: Fuel Switching and CO2 Emissions Reduction.” In, 2011.Abstract
      Salovaara, Jackson. "Coal to Natural Gas: Fuel Switching and CO2 Emissions Reduction." Award-winning thesis to Applied Mathematics in partial fulfillment of the honors requirements for the degree of Bachelor of Arts Harvard College Cambridge, Massachusetts. Recipient of the Jon Dunlap Prize awarded by the Center for Business and Government, Harvard Kennedy School, and The James M. and Cathleen D. Stone Prize for the Best Senior Thesis, award by the Harvard Energy and Environment Program at the Harvard Kennedy School.
      World Shale Gas Resources.” In, 2011. Publisher's VersionAbstract
      World Shale Gas Resources: An Initial Assessment of 14 Regions Outside the United States. Introductory website and Report. Advanced Resources International, Inc., sponsored by the US Energy Information Administration. April 5, 2011.

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