The impact of wind generation on the electricity spot-market price level and variance: The Texas experience
نویسنده
چکیده
The literature on renewable energy suggests that an increase in intermittent wind generation would reduce the spot electricity market price by displacing high fuel-cost marginal generation. Taking advantage of a large file of Texas-based 15-min data, we show that while rising wind generation does indeed tend to reduce the level of spot prices, it is also likely to enlarge the spot-price variance. The key policy implication is that increasing use of price risk management should accompany expanded deployment of wind generation. & 2011 Elsevier Ltd. All rights reserved.
منابع مشابه
The impact of wind generation on the electricity spot-market price level and variance: the Texas experience (Energy Policy, 39(7), 3939-3944)
The literature on renewable energy suggests that an increase in intermittent wind generation would reduce the spot electricity market price by displacing high fuel-cost marginal generation. Taking advantage of a large file of Texas-based 15-min data, we show that while rising wind generation does indeed tend to reduce the level of spot prices, it is also likely to enlarge the spot-price varianc...
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