DocumentCode :
1886749
Title :
Pricing the variance of wind energy
Author :
Glower, Jacob S. ; Enz, John
Author_Institution :
Dept. of Electr. Eng., North Dakota State Univ., Fargo, ND, USA
Volume :
3
fYear :
1996
fDate :
18-21 Aug 1996
Firstpage :
1049
Abstract :
At present, the value of electricity produced by wind farms is often assumed proportional to the total energy produced. This is not an accurate model for determining the value of wind energy, however, since it neglects the cost to the utility associated with wind variability. In this paper, a model is proposed where the value of the wind energy produced includes terms related to the variance of the energy. It is shown, through a modeled utility, that a highly variable energy source has significantly less value than a constant source. Similarly, the value of energy from wind farms should be computed using the model proposed herein
Keywords :
economics; wind power; wind power plants; utility; value; variable energy source; wind energy; wind farms; wind variability; Circuits and systems; Costs; Jacobian matrices; Nuclear power generation; Power generation; Pricing; Production; Wind energy; Wind energy generation; Wind farms;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Circuits and Systems, 1996., IEEE 39th Midwest symposium on
Conference_Location :
Ames, IA
Print_ISBN :
0-7803-3636-4
Type :
conf
DOI :
10.1109/MWSCAS.1996.592907
Filename :
592907
Link To Document :
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