The integration of wind power and hydropower in an electricity market with a large hydroelectric generator
نویسندگان
چکیده
This paper examines the effects of increased intermittency, caused by climate change, on strategic hydroelectric production when wind power is integrated with hydroelectricity. It is shown that increased uncertainty in water inflows caused by climate change raises hydroelectric output and increases the probability of overflow in future periods. The increased variability of wind speeds due to climate change will induce a rise in the price of electricity and more extreme electricity prices in the future.
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