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CAPACITY CREDITS FOR WIND ENERGY IN DEREGULATED ELECTRICITY MARKETS – LIMITATIONS AND EXTENSIONS

By Christian A. Nabe

Abstract

ABSTRACT: The assessment of capacity credits for wind energy and the value interpretation is reviewed critically. It is shown that the electricity market values the contribution to system reliability with market prices in a more precise way. This requires that markets for ancillary services exist and are based on price spike incentives given by the regulator. Price signals sent out by markets to investors and customers enable the electricity system to adjust more effectively to the challenge of high wind power penetration in the near future. Additional incentives can be provided within certificate support schemes that supports both customers ’ desire for green energy as well as the correlation of electricity demand and supply

Year: 2011
OAI identifier: oai:CiteSeerX.psu:10.1.1.196.1849
Provided by: CiteSeerX
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