Title of article :
The impact of wind generation on the electricity spot-market price level and variance: The Texas experience
C.K. Woo، نويسنده , , I. Horowitz، نويسنده , , J. Moore، نويسنده , , A. Pacheco، نويسنده ,
Issue Information :
ماهنامه با شماره پیاپی سال 2011
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.
Wind energy , Electricity price , risk management
Journal title :