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

Abstract

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.

Authors:
; ; ; ; ;
Publication Date:
Research Org.:
National Renewable Energy Lab. (NREL), Golden, CO (United States)
Sponsoring Org.:
USDOE Office of Energy Efficiency and Renewable Energy (EERE), Wind and Water Technologies Office (EE-4W)
OSTI Identifier:
1301816
Report Number(s):
NREL/CP-5D00-65387
DOE Contract Number:  
AC36-08GO28308
Resource Type:
Conference
Resource Relation:
Conference: Presented at the 2016 IEEE Power and Energy Society General Meeting, 17-21 July 2016, Boston, Massachusetts
Country of Publication:
United States
Language:
English
Subject:
17 WIND ENERGY; make-whole payment; uplifts; revenue sufficiency guarantee; RSG; wind; impact; electricity markets

Citation Formats

Wang, Qin, Wu, Hongyu, Tan, Jin, Hodge, Bri-Mathias, Li, Wanning, and Luo, Cheng. Analyzing the Impacts of Increased Wind Power on Generation Revenue Sufficiency: Preprint. United States: N. p., 2016. Web. doi:10.1109/PESGM.2016.7741858.
Wang, Qin, Wu, Hongyu, Tan, Jin, Hodge, Bri-Mathias, Li, Wanning, & Luo, Cheng. Analyzing the Impacts of Increased Wind Power on Generation Revenue Sufficiency: Preprint. United States. doi:10.1109/PESGM.2016.7741858.
Wang, Qin, Wu, Hongyu, Tan, Jin, Hodge, Bri-Mathias, Li, Wanning, and Luo, Cheng. Mon . "Analyzing the Impacts of Increased Wind Power on Generation Revenue Sufficiency: Preprint". United States. doi:10.1109/PESGM.2016.7741858. https://www.osti.gov/servlets/purl/1301816.
@article{osti_1301816,
title = {Analyzing the Impacts of Increased Wind Power on Generation Revenue Sufficiency: Preprint},
author = {Wang, Qin and Wu, Hongyu and Tan, Jin and Hodge, Bri-Mathias and Li, Wanning and Luo, Cheng},
abstractNote = {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.},
doi = {10.1109/PESGM.2016.7741858},
journal = {},
number = ,
volume = ,
place = {United States},
year = {Mon Aug 01 00:00:00 EDT 2016},
month = {Mon Aug 01 00:00:00 EDT 2016}
}

Conference:
Other availability
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