Abstract
The wind generation share in many European bidding zones is now large enough to affect the market value of wind power, and wind energy is getting less-than-average market price in day-ahead markets. As alternatives to investing in dedicated energy storage, there are two main ways to mitigate the decreasing market value trend. The first is employing different diversification measures (geographical spread, alternative wind turbine technologies, integration with solar). The second is implementing demand flexibility measures. Examples of these measures from some European and USA studies are given in this article, which stems from the international collaboration under IEA Wind TCP Tasks 25 and 53.
Original language | English |
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Title of host publication | Proceedings of 2023 19th International Conference on the European Energy Market (EEM) |
Number of pages | 6 |
Publisher | IEEE |
Publication date | 2023 |
ISBN (Electronic) | 979-8-3503-1258-4 |
DOIs | |
Publication status | Published - 2023 |
Event | 19th International Conference on the European Energy Market - Lappeenranta, Finland Duration: 6 Jun 2023 → 8 Jun 2023 Conference number: 19 |
Conference
Conference | 19th International Conference on the European Energy Market |
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Number | 19 |
Country/Territory | Finland |
City | Lappeenranta |
Period | 06/06/2023 → 08/06/2023 |
Series | 2022 18th International Conference on the European Energy Market (eem) |
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ISSN | 2165-4093 |
Keywords
- Generation mix diversification
- Power system economics
- Power system planning
- Variable renewable energy sources
- Wind energy integration