Wind generation and zonal-market price divergence: Evidence from Texas

Wind generation and zonal-market price divergence: Evidence from Texas

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Article ID: iaor20115822
Volume: 39
Issue: 7
Start Page Number: 3928
End Page Number: 3938
Publication Date: Jul 2011
Journal: Energy Policy
Authors: , , ,
Keywords: energy
Abstract:

• High wind generation in ERCOT tends to lead to zonal price differences. • Low load in the wind‐rich ERCOT West zone can also influence congestion. • ERCOT zonal price differences are time‐dependent. • Nuclear generation and natural‐gas prices also affect zonal price differences. • These price differences signal the need for investments in additional infrastructure.

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