Economic properties of wind power: A European assessment
dc.contributor.author
dc.date.accessioned
2024-04-25T09:49:54Z
dc.date.available
2024-04-25T09:49:54Z
dc.date.issued
2010-07
dc.identifier.issn
0301-4215
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dc.description.abstract
We investigate the concomitance of intermittent wind powered generation (WPG) with load to assess its system value as the cost of replacing its output, hour by hour, using more intensively thermal technologies. The difference with its actual cost defines a social cost of wind power which is further divided into a technological and an adequacy component. Whereas the former may become negligible once thermal technologies pay for carbon emissions, the latter is a lower bound on WPG structural weakness w.r.t. thermal technologies. We apply our procedure to Germany, Denmark, Spain, France, Portugal and Ireland using hourly load and WPG data over several years. Our empirical findings show that there is a grain of truth in both the pros and the cons of wind power. The system value of WPG varies from three quarters of the equivalent thermal cost of electricity (on a yearly basis) but the incompressible adequacy cost represents a premium over the cost of serving yearly load in a system ranging around one-fifth
dc.description.sponsorship
Financial support from Generalitat de Catalunya (Contract 2005SGR213 and Xarxa de referència d’R+D+I en Economia i Polítiques Públiques) and Ministerio de Educación y Ciencia (Project SEJ2007-60671) is gratefully acknowledged
dc.format.extent
13 p.
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application/pdf
dc.language.iso
eng
dc.publisher
Elsevier
dc.relation
SEJ2007-60671
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Versió postprint del document publicat a: https://doi.org/10.1016/j.enpol.2009.07.033
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© Energy Policy, 2010, vol. 38, núm. 7, p. 3232-3244
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Articles publicats (D-EC)
dc.rights
Reconeixement-NoComercial-SenseObraDerivada 4.0 Internacional
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dc.source
Boccard, Nicolas 2010 Economic properties of wind power: A European assessment Energy Policy 38 7 3232 3244
dc.title
Economic properties of wind power: A European assessment
dc.type
info:eu-repo/semantics/article
dc.rights.accessRights
info:eu-repo/semantics/openAccess
dc.relation.projectID
info:eu-repo/grantAgreement/MEC//SEJ2007-60671/ES/REGULACION DE MERCADOS Y EL PAPEL DE LOS INCENTIVOS/
dc.type.version
info:eu-repo/semantics/acceptedVersion
dc.identifier.doi
dc.identifier.idgrec
011081
dc.contributor.funder
dc.type.peerreviewed
peer-reviewed
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dc.relation.ProjectAcronym
dc.identifier.eissn
1873-6777