Spatial and Temporal Variation in the Value of Solar Power across U.S. Electricity Markets

Researchers combine electricity prices, emissions rates, and weather data to map the changing value of PV at ~10,000 locations across the US. Cost declines are found to have outrun value declines, such that the energy, capacity, health, and climate benefits of PV outweigh utility-scale PV costs at the majority of locations modeled.

Decentralized Economic Dispatch for Radial Electric Distribution Systems

Innovative methods for dispatching power at the residential level must be explored as more DERs are entering the market. This CEEPR Working Paper explains how power dispatching works today, and introduces an alternative, decentralized method that accounts for DERs such as rooftop solar and electric vehicles.

On the Efficiency of Competitive Energy Storage

FERC recently issued Order 841, which is intended to open wholesale energy markets to merchant storage providers. In this Working Paper, Prof. Richard Schmalensee explores the validity of the Order's presumption that existing markets will provide at least approx. optimal incentives for investment in both storage and generation: it does not contemplate the establishment of new markets or new policies.

Optimal Commodity Taxation with a Non-renewable Resource

When governments need to raise public revenues, they should tax non-renewable resources more than regular commodities according to a dynamic rule. For carbon resources, that means augmenting the carbon tax in a way that further reduces their development and slows down their exploitation, which goes further in the direction of resolving the climate problem.

Shared Capacity and Levelized Cost with Application to Power-to-Gas Technology

Power-to-Gas could become a central enabler of the transition towards a sustainable economy by reversibly converting electricity to hydrogen. A new paper shows that it will be competitive with fossil-based energy sources so as to solve the challenges of intermittent renewable generation and widespread industrial decarbonization.

In The News

Jul 1, 2019

MITEI awards seven Seed Fund grants for early-stage energy research

Namrata Kala and Christopher Knittel plan to examine key policy levers for meeting electricity demand and renewable energy growth without jeopardizing system reliability in the developing world.

Jun 29, 2019

Weakening the state’s renewable energy standards is bad for Ohioans’ health

In this commentary, CEEPR Senior Research Associate Emil Dimanchev discusses research on the effects of Ohio’s RPS on air quality and human health.

Jun 28, 2019

The Rise Of American Oil

On the Indicator, an NPR podcast show, Stacey Vanek Smith talks to Christopher Knittel, an economist at MIT, about what caused the turnaround in the oil dynamic between the US and OPEC, and what it...

Jun 13, 2019

Researchers: Bitcoin's Carbon Footprint Equal to Las Vegas

In The New York Times, Christian Stoll discusses findings first published in a CEEPR Working Paper on the carbon footprint of virtual currency.

May 30, 2019

Millennials Like Cars As Much As Boomers Do

Christopher Knittel is P&Qs' Professor of the Week. Everybody knows that Millennials marry later and buy fewer homes than previous generations did. But when it comes to cars, that conventional...

May 6, 2019

Why reducing carbon emissions from cars and trucks will be so hard

In this article on The Conversation, CEEPR faculty Professors David Keith and Christopher Knittel point out the difficulties facing the transition away from internal combustion engine vehicles.

May 1, 2019

State would benefit from preserving nuclear power

In an article on Press&Journal, John Parsons discusses a vital decision about the place nuclear power will have in Pennsylvania's future.

Apr 25, 2019

E7: TIL about carbon pricing

In this episode of TILclimate (Today I Learned: Climate), MIT economics professor Christopher Knittel joins host Laur Hesse Fisher to break down the complexities of carbon pricing.

Apr 1, 2019

Generational Trends in Vehicle Ownership and Use: Are Millennials Any Different?

Professor Christopher Knittel and CEEPR graduate Elizabeth Murphy delve into the data to determine if conventional thinking regarding Millennials pans out. Their findings indicate there is little...

Mar 29, 2019

Don’t Expect Car Ownership to Become Obsolete

Christopher Knittel and Elizabeth Murphy's recent work on millennial vehicle ownership trends are highlighted in this Economics Opinion piece on Bloomberg.

Mar 29, 2019

Earth Hour 2019: Turning off lights won’t save the planet but these ‘green’ actions will

In an article on Global.ca, a panel of experts, including Prof. Knittel, highlight choices one can make to reduce your carbon footprint.

Mar 27, 2019

Despite ‘Car-Free’ Hype, Millennials Drive a Lot

In this article on CityLab, reporter Laura Bliss discusses findings from a new working paper by CEEPR Director Christopher Knittel and recently graduated CEEPR Research Assistant Elizabeth Murphy.

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