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Title: The impact of wind power on electricity prices

Authors:
; ;
Publication Date:
Sponsoring Org.:
USDOE
OSTI Identifier:
1345067
Grant/Contract Number:
AC36-08-G028308
Resource Type:
Journal Article: Publisher's Accepted Manuscript
Journal Name:
Renewable Energy
Additional Journal Information:
Journal Volume: 94; Journal Issue: C; Related Information: CHORUS Timestamp: 2017-10-04 15:54:19; Journal ID: ISSN 0960-1481
Publisher:
Elsevier
Country of Publication:
United Kingdom
Language:
English

Citation Formats

Brancucci Martinez-Anido, Carlo, Brinkman, Greg, and Hodge, Bri-Mathias. The impact of wind power on electricity prices. United Kingdom: N. p., 2016. Web. doi:10.1016/j.renene.2016.03.053.
Brancucci Martinez-Anido, Carlo, Brinkman, Greg, & Hodge, Bri-Mathias. The impact of wind power on electricity prices. United Kingdom. doi:10.1016/j.renene.2016.03.053.
Brancucci Martinez-Anido, Carlo, Brinkman, Greg, and Hodge, Bri-Mathias. 2016. "The impact of wind power on electricity prices". United Kingdom. doi:10.1016/j.renene.2016.03.053.
@article{osti_1345067,
title = {The impact of wind power on electricity prices},
author = {Brancucci Martinez-Anido, Carlo and Brinkman, Greg and Hodge, Bri-Mathias},
abstractNote = {},
doi = {10.1016/j.renene.2016.03.053},
journal = {Renewable Energy},
number = C,
volume = 94,
place = {United Kingdom},
year = 2016,
month = 8
}

Journal Article:
Free Publicly Available Full Text
Publisher's Version of Record at 10.1016/j.renene.2016.03.053

Citation Metrics:
Cited by: 1work
Citation information provided by
Web of Science

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  • This paper investigates the impact of wind power on electricity prices using a production cost model of the Independent System Operator - New England power system. Different scenarios in terms of wind penetration, wind forecasts, and wind curtailment are modeled in order to analyze the impact of wind power on electricity prices for different wind penetration levels and for different levels of wind power visibility and controllability. The analysis concludes that electricity price volatility increases even as electricity prices decrease with increasing wind penetration levels. The impact of wind power on price volatility is larger in the shorter term (5-minmore » compared to hour-to-hour). The results presented show that over-forecasting wind power increases electricity prices while under-forecasting wind power reduces them. The modeling results also show that controlling wind power by allowing curtailment increases electricity prices, and for higher wind penetrations it also reduces their volatility.« less
  • Reducing emissions of sulphur dioxide from the electricity industry in England and Wales would require application of abatement technology and raise electricity prices through increases in marginal-supply costs. Capital and operating costs of alternative abatement techniques and their application under possible long-term investment and retirement plans for the industry are discussed. An approximate halving of projected emissions is found to have an effect of the order of 5% on prices under the existing tariff structure. Reductions of up to one-fifth are found to have an effect of under 1% on electricity prices. 12 tables.
  • Reducing emissions of sulfur dioxide from the electricity industry in England and Wales would require application of abatement technology and raise electricity prices through increases in marginal supply costs. Capital and operating costs of alternative abatement techniques and their application under possible long-term investment and retirement plans for the industry are discussed. An appropriate halving of projected emissions is found to have an effect of the order of 5% on prices under the existing tariff structure. Reductions of up to one-fifth are found to have an effect of under 1% on electricity prices.