| ID | 105813 |
| Title Proper | Impact of wind generation on the electricity spot-market price level and variance |
| Other Title Information | the Texas experience |
| Language | ENG |
| Author | Woo, C K ; Horowitz, I ; Moore, J ; Pacheco, A |
| Publication | 2011. |
| Summary / Abstract (Note) | 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. |
| `In' analytical Note | Energy Policy Vol. 39, No. 7; Jul 2011: p3939-3944 |
| Journal Source | Energy Policy Vol. 39, No. 7; Jul 2011: p3939-3944 |
| Key Words | Wind Energy ; Electricity Price ; Risk Management |