Evaluation of the impact of wind generation on the electricity market prices and on the profitability of new wind investments

• Type: Article in International Conference Proceedings Book
• Date: 2012

Authors

Adelino Pereira (Author) FEUP; João Tomé Saraiva (Author) FEUP

Conference proceedings International

Title: European Energy Conference 2012

Pages: 1-20

2nd European Energy Conference

Maastricht, 17 a 20 de Abril de 2012

Indexing

ISI Proceedings

ISI Web of Knowledge - 0 Citations

ISI Web of Science

Scopus - 0 Citations

INSPEC

Scientific classification

FOS: Engineering and technology > Electrical engineering, Electronic engineering, Information engineering

CORDIS: Technological sciences > Engineering > Electrical engineering

Other information

Authenticus ID: P-008-DCS

DOI: 10.1051/epjconf/20123301008

Abstract (EN): This paper describes a Dynamic Model of the electricity sector that can be used to simulate the evolution of some key variables on the long term, namely the evolution of the electricity price, of the demand and of the capacity factors of the technologies in the generation mix. This model can be used in different ways and by several agents, for instance to estimate the impact on the electricity price of the increasing presence of renewable power stations, namely using wind power and PV systems. In several countries these stations are paid feed-in tariffs with a fixed price but in some cases this scheme is under discussion and there are opinions that payments determined by the market price are more adequate and would bring fewer costs to final consumers. Such a change has to be carefully evaluated given that the presence of renewable stations bidding at an infra marginal price will affect the price itself. The model described in this paper can be used in a profitable way both by governmental agencies when preparing or studying alternative remuneration schemes to renewable stations or by promoters themselves to get more insight to the profitability of their investments, namely if the fixed feed-in tariffs in force in several countries are changed.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 20