The impact of wind generation on the electricity spot-market price level and variance: The Texas experience

The impact of wind generation on the electricity spot-market price level and variance: The Texas experience

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Article ID: iaor20115957
Volume: 39
Issue: 7
Start Page Number: 3939
End Page Number: 3944
Publication Date: Jul 2011
Journal: Energy Policy
Authors: , , ,
Keywords: energy, marketing
Abstract:

• Rising wind generation in ERCOT tends to reduce electricity spot prices. • Rising wind generation in ERCOT is also likely to enlarge the spot‐price variance. • Increased price risk management should accompany expanded wind power deployment.

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