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Market implications large scale wind capacity
- By Floris van Foreest
- Published 01/9/2010
- Energy market design
- Unrated
Floris van Foreest
Affiliation (e.g. company, university):>
Department:
Job title: Energy consultant
Country:Netherlands
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Biography:
Keywords (max 10): Large scale wind capacity, grey production, price volatility, wind value implications
Published in (e.g. journal / magazine name, or blank):
Production / Publication year (yyyy): 2008
Co-author 1 (last name, first name): Thijs van den Berg
Co-author 2 (last name, first name):
Co-author 3 (last name, first name):
Summary / Abstract:The ambitioned integration of 10,000 MW Wind energy in the Dutch energy system will not only contribute to meeting the EU 2020 targets, but will also fundamentally alter the power market and underlying merit
order. This will have a serious impact on the utilization of grey production assets and price development on the APX and imbalance market. Furthermore, it is estimated that the amount of “wasted” wind power will increase as more wind capacity is built and the dispatch of grey assets is still driven by economic optimization and technological constraints. Consequently, the value outlook of wind deteriorates dramatically, which puts future investments in wind capacity in a different perspective.
Published in (e.g. journal / magazine name, or blank):
Production / Publication year (yyyy): 2008
Co-author 1 (last name, first name): Thijs van den Berg
Co-author 2 (last name, first name):
Co-author 3 (last name, first name):
Summary / Abstract:The ambitioned integration of 10,000 MW Wind energy in the Dutch energy system will not only contribute to meeting the EU 2020 targets, but will also fundamentally alter the power market and underlying merit
order. This will have a serious impact on the utilization of grey production assets and price development on the APX and imbalance market. Furthermore, it is estimated that the amount of “wasted” wind power will increase as more wind capacity is built and the dispatch of grey assets is still driven by economic optimization and technological constraints. Consequently, the value outlook of wind deteriorates dramatically, which puts future investments in wind capacity in a different perspective.
