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Title: Analyzing the Impacts of Increased Wind Power on Generation Revenue Sufficiency: Preprint

The Revenue Sufficiency Guarantee (RSG), as part of make-whole (or uplift) payments in electricity markets, is designed to recover the generation resources' offer-based production costs that are not otherwise covered by their market revenues. Increased penetrations of wind power will bring significant impacts to the RSG payments in the markets. However, literature related to this topic is sparse. This paper first reviews the industrial practices of implementing RSG in major U.S. independent system operators (ISOs) and regional transmission operators (RTOs) and then develops a general RSG calculation method. Finally, an 18-bus test system is adopted to demonstrate the impacts of increased wind power on RSG payments.
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Conference: Presented at the 2016 IEEE Power and Energy Society General Meeting, 17-21 July 2016, Boston, Massachusetts
Research Org:
NREL (National Renewable Energy Laboratory (NREL), Golden, CO (United States))
Sponsoring Org:
USDOE Office of Energy Efficiency and Renewable Energy (EERE), Wind and Water Technologies Office (EE-4W)
Country of Publication:
United States
17 WIND ENERGY make-whole payment; uplifts; revenue sufficiency guarantee; RSG; wind; impact; electricity markets