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Title: Capacity value assessments of wind power

Abstract

This article describes some of the recent research into the capacity value of wind power. With the worldwide increase in wind power during the past several years, there is increasing interest and significance regarding its capacity value because this has a direct influence on the amount of other (nonwind) capacity that is needed. We build on previous reviews from IEEE and IEA W ind T ask 25 a and examine recent work that evaluates the impact of multiple‐year data sets and the impact of interconnected systems on resource adequacy. We also provide examples that explore the use of alternative reliability metrics for wind capacity value calculations. We show how multiple‐year data sets significantly increase the robustness of results compared to single‐year assessments. Assumptions regarding the transmission interconnections play a significant role. To date, results regarding which reliability metric to use for probabilistic capacity valuation show little sensitivity to the metric. WIREs Energy Environ 2017, 6:e226. doi: 10.1002/wene.226 This article is categorized under: Wind Power > Economics and Policy Wind Power > Systems and Infrastructure Energy Infrastructure > Economics and Policy

Authors:
 [1];  [1];  [2];  [3];  [3];  [4]
+ Show Author Affiliations
  1. National Renewable Energy Laboratory Golden CO USA
  2. General Electric (GE) Energy Consulting Schenectady NY USA
  3. Valtion Teknillinen Tutkimuskeskus (VTT) Espoo Finland
  4. Royal Institute of Technology Stockholm Sweden
Publication Date:
Sponsoring Org.:
USDOE
OSTI Identifier:
1401713
Grant/Contract Number:  
DE‐AC36‐08GO28308
Resource Type:
Publisher's Accepted Manuscript
Journal Name:
Wiley Interdisciplinary Reviews. Energy and Environment
Additional Journal Information:
Journal Name: Wiley Interdisciplinary Reviews. Energy and Environment Journal Volume: 6 Journal Issue: 1; Journal ID: ISSN 2041-8396
Publisher:
Wiley Blackwell (John Wiley & Sons)
Country of Publication:
United States
Language:
English

Citation Formats

Milligan, Michael, Frew, Bethany, Ibanez, Eduardo, Kiviluoma, Juha, Holttinen, Hannele, and Söder, Lennart. Capacity value assessments of wind power. United States: N. p., 2016. Web. doi:10.1002/wene.226.
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Milligan, Michael, Frew, Bethany, Ibanez, Eduardo, Kiviluoma, Juha, Holttinen, Hannele, & Söder, Lennart. Capacity value assessments of wind power. United States. https://doi.org/10.1002/wene.226
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Milligan, Michael, Frew, Bethany, Ibanez, Eduardo, Kiviluoma, Juha, Holttinen, Hannele, and Söder, Lennart. Wed . "Capacity value assessments of wind power". United States. https://doi.org/10.1002/wene.226.
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@article{osti_1401713,
title = {Capacity value assessments of wind power},
author = {Milligan, Michael and Frew, Bethany and Ibanez, Eduardo and Kiviluoma, Juha and Holttinen, Hannele and Söder, Lennart},
abstractNote = {This article describes some of the recent research into the capacity value of wind power. With the worldwide increase in wind power during the past several years, there is increasing interest and significance regarding its capacity value because this has a direct influence on the amount of other (nonwind) capacity that is needed. We build on previous reviews from IEEE and IEA W ind T ask 25 a and examine recent work that evaluates the impact of multiple‐year data sets and the impact of interconnected systems on resource adequacy. We also provide examples that explore the use of alternative reliability metrics for wind capacity value calculations. We show how multiple‐year data sets significantly increase the robustness of results compared to single‐year assessments. Assumptions regarding the transmission interconnections play a significant role. To date, results regarding which reliability metric to use for probabilistic capacity valuation show little sensitivity to the metric. WIREs Energy Environ 2017, 6:e226. doi: 10.1002/wene.226 This article is categorized under: Wind Power > Economics and Policy Wind Power > Systems and Infrastructure Energy Infrastructure > Economics and Policy},
doi = {10.1002/wene.226},
journal = {Wiley Interdisciplinary Reviews. Energy and Environment},
number = 1,
volume = 6,
place = {United States},
year = {Wed Oct 05 00:00:00 EDT 2016},
month = {Wed Oct 05 00:00:00 EDT 2016}
}
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Journal Article:
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Accepted Manuscript (Publisher)
Publisher's Version of Record
https://doi.org/10.1002/wene.226
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