The impact of wind generation on the electricity spot-market price level and variance: The Texas experience

被引：261

作者：

Woo, C. K. ^{[1
,2
]}

Horowitz, I. ^{[3
]}

Moore, J. ^{[1
]}

Pacheco, A. ^{[1
]}

机构：

[1] Energy & Environm Econ Inc, San Francisco, CA 94104 USA

[2] Hong Kong Baptist Univ, Hong Kong Energy Studies Ctr, Hong Kong, Hong Kong, Peoples R China

[3] Univ Florida, Warrington Coll Business, Gainesville, FL 32611 USA

来源：

ENERGY POLICY | 2011年 / 39卷 / 07期

关键词：

Wind energy; Electricity price; Risk management; PROCUREMENT; ENERGY; RISK;

D O I：

10.1016/j.enpol.2011.03.084

中图分类号：

F [经济];

学科分类号：

020101 [政治经济学];

摘要：

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. (C) 2011 Elsevier Ltd. All rights reserved.

引用

页码：3939 / 3944

页数：6

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