The value of renewable energy

The paper discusses methods of valuing renewable energy, most of which is also embedded generation. It is argued that pool price-presently used as a reference value-is an arbitrary parameter and it should not therefore be used. Moreover, it is in any case, related to electricity at the wholesale level, whereas renewables are injected at the retail level. Details of a cash-flow analysis which analysed the constituent elements of electricity prices are given and it is shown how this aids assessments of value