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Abstract Climate change threatens the resource adequacy of future power systems. Existing research and practice lack frameworks for identifying decarbonization pathways that are robust to climate‐related uncertainty. We create such an analytical framework, then use it to assess the robustness of alternative pathways to achieving 60% emissions reductions from 2022 levels by 2040 for the Western U.S. power system. Our framework integrates power system planning and resource adequacy models with 100 climate realizations from a large climate ensemble. Climate realizations drive electricity demand; thermal plant availability; and wind, solar, and hydropower generation. Among five initial decarbonization pathways, all exhibit modest to significant resource adequacy failures under climate realizations in 2040, but certain pathways experience significantly less resource adequacy failures at little additional cost relative to other pathways. By identifying and planning for an extreme climate realization that drives the largest resource adequacy failures across our pathways, we produce a new decarbonization pathway that has no resource adequacy failures under any climate realizations. This new pathway is roughly 5% more expensive than other pathways due to greater capacity investment, and shifts investment from wind to solar and natural gas generators. Our analysis suggests modest increases in investment costs can add significant robustness against climate change in decarbonizing power systems. Our framework can help power system planners adapt to climate change by stress testing future plans to potential climate realizations, and offers a unique bridge between energy system and climate modeling. 

Abstract Previous studies investigating deep decarbonization of bulk electric power systems and wholesale electricity markets have not sufficiently explored how future grid pathways could affect the grid's vulnerability to hydrometeorological uncertainty on multiple timescales. Here, we employ a grid operations model and a large synthetic weather ensemble to “stress test” a range of future grid pathways for the U.S. West Coast developed by ReEDS, a well‐known capacity planning model. Our results show that gradual changes in the underlying capacity mix from 2020 to 2050 can cause significant “re‐ranking” of weather years in terms of annual wholesale electricity prices (with “good” years becoming bad, and vice versa). Nonetheless, we find the highest and lowest ranking price years in terms of average electricity price remain mostly tied to extremes in hydropower availability (streamflow) and load (summer temperatures), with the strongest sensitivities related to drought. Seasonal dynamics seen today involving spring snowmelt and hot, dry summers remain well‐defined out to 2050. In California, future supply shortfalls in our model are concentrated in the evening and occur mostly during periods of high temperature anomalies in late summer months and in late winter; in the Pacific Northwest, supply shortfalls are much more strongly tied to negative streamflow anomalies. Under our more robust sampling of stationary hydrometeorological uncertainty, we also find that the ratio of dis‐patchable thermal (i.e., natural gas) capacity to wind and solar required to ensure grid reliability can differ significantly from values reported by ReEDS. 

Abstract The United States (U.S.) West Coast power system is strongly influenced by variability and extremes in air temperatures (which drive electricity demand) and streamflows (which control hydropower availability). As hydroclimate changes across the West Coast, a combination of forces may work in tandem to make its bulk power system more vulnerable to physical reliability issues and market price shocks. In particular, a warmer climate is expected to increase summer cooling (electricity) demands and shift the average timing of peak streamflow (hydropower production) away from summer to the spring and winter, depriving power systems of hydropower when it is needed the most. Here, we investigate how climate change could alter interregional electricity market dynamics on the West Coast, including the potential for hydroclimatic changes in one region (e.g., Pacific Northwest (PNW)) to “spill over” and cause price and reliability risks in another (e.g., California). We find that the most salient hydroclimatic risks for the PNW power system are changes in streamflow, while risks for the California system are driven primarily by changes in summer air temperatures, especially extreme heat events that increase peak system demand. Altered timing and amounts of hydropower production in the PNW do alter summer power deliveries into California but show relatively modest potential to impact prices and reliability there. Instead, our results suggest future extreme heat in California could exert a stronger influence on prices and reliability in the PNW, especially if California continues to rely on its northern neighbor for imported power to meet higher summer demands.