Techno-economic dataset for energy market and capacity payment co-optimization in the Dominican Republicʼs power market

Abstract

The electric power industry has an impact on fossil fuel consumption, which must be considered in decarbonization strategies. Energy systems optimization modelling can be applied to evaluate policy scenarios in the power sector to accelerate energy transitions. These modelling tools need data to simulate different scenarios in the power system to clarify the design of energy policies. For this reason, collecting and processing technical and economic data is needed to guarantee quality input for the modelling tools. This article presents a dataset for an optimization model of the generation mix and the energy demand in the power system of the Dominican Republic to determine the capacity value of variable renewable energy (VRE), i.e., wind and solar, that can serve as an incentive for these technologies. While the data corresponds to the Dominican Republic's power system, the method of collecting and processing data can be implemented in other countries. The data collected is an open-access database of the independent system operator, the power sector regulator, and utilities, as well as websites and databases of international organizations.