Evaluating resource adequacy impacts on energy market prices across wind and solar penetration levels

被引：8
|
作者：
Frew B. [1 ]
Stephen G. [1 ]
Sigler D. [1 ]
Lau J. [1 ]
Jones W.B. [1 ]
Bloom A. [1 ]
机构：
[1] National Renewable Energy Laboratory, 15013 Denver West Parkway, Golden, 80401, CO
来源：
Electricity Journal | 2019年 / 32卷 / 08期
关键词：
Capacity expansion modeling; Electricity markets; Production cost modeling; Resource adequacy; variable renewable energy;
D O I：
10.1016/j.tej.2019.106629
中图分类号：
学科分类号：
摘要：
This study evaluates market impacts of excess capacity across various wind and solar system penetrations. First, different fleet compositions are simulated in a production cost model to yield price outputs. Price statistics reveal a strong relationship between scarcity price events, resource adequacy, and the mean and standard deviation of prices. Next, a method is presented for adjusting resource adequacy to a chosen level, which links a capacity expansion model with a probabilistic resource adequacy model. © 2019 Elsevier Inc.
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