Fuel diversity is a crucial component of the reliable and efficient operation of wholesale electricity systems. This NYISO white paper, developed with assistance from the Analysis Group, explores the significance of fuel diversity and its impact on the New York electricity market. This paper identifies trends that have led to the electric industry’s focus on fuel diversity. It examines various meanings of fuel diversity within an electricity market; discusses various economic, reliability and environmental dimensions of fuel diversity; explores the impacts of various events on fuel or technology-dependent energy systems; looks at approaches used in other regions to address fuel diversity; and identifies options to address fuel diversity that are both well aligned and poorly aligned with New York’s electricity markets.
Fuel diversity is a crucial component of the reliable and efficient operation of wholesale electricity systems. This NYISO white paper, developed with assistance from the Analysis Group, explores the significance of fuel diversity and its impact on the New York electricity market. This paper identifies trends that have led to the electric industry’s focus on fuel diversity. It examines various meanings of fuel diversity within an electricity market; discusses various economic, reliability and environmental dimensions of fuel diversity; explores the impacts of various events on fuel or technology-dependent energy systems; looks at approaches used in other regions to address fuel diversity; and identifies options to address fuel diversity that are both well aligned and poorly aligned with New York’s electricity markets.
Links:
[1] http://www.energycentral.com/download/products/fuel_diversity_11202008.pdf