What is the current condition of the Dominican energy sector?

The PEN presents the current condition of the Dominican energy sector while outlining its future development. The DR’s installed generation capacity connected to the National Interconnected Electric System (Sistema Eléctrico Nacional Interconectado - SENI) is around 5,631.47 MW and the average peak demand is around 3,312 MW.

Is the electric power sector affecting the Dominican economy?

Despite the present administration’s efforts to increase the installed capacity of electricity generation from renewable sources, the electric power sector continues to be one of the most significant problems affecting the Dominican economy.

Why do storage costs persist through 2050?

The lower costs persist through 2050 because of that lower starting point. Table 2. Values from Figure 3 and Figure 4, which show the normalized and absolute storage costs over time. Storage costs are overnight capital costs for a complete 4-hour battery system. Figure 9.

How much does storage cost in 2035?

By definition, the projections follow the same trajectories as the normalized cost values. Storage costs are $147/kWh, $234/kWh, and $339/kWh in 2035 and $108/kWh, $178/kWh, and $307/kWh in 2050. Costs for each year and each trajectory are included in the Appendix, including costs for years after 2050. Figure 4.

Do projected cost reductions for battery storage vary over time?

The suite of publications demonstrates wide variation in projected cost reductions for battery storage over time. Figure ES-1 shows the suite of projected cost reductions (on a normalized basis) collected from the literature (shown in gray) as well as the low, mid, and high cost projections developed in this work (shown in black).

Why are 4 hour storage costs lower in 2024?

The 4-hour cost projections in this report are much lower in 2024 primarily due to the updated initial cost from the bottom-up cost model used in this work. The lower costs persist through 2050 because of that lower starting point. Table 2. Values from Figure 3 and Figure 4, which show the normalized and absolute storage costs over time.