Assessing the Impact of Wind Power Generation on Operating Costs
Journal article, 2010
Wind power generation is taking an increasing share of the overall energy production in many power systems. While its low marginal operating cost reduces the overall cost of meeting the demand for electrical energy, the stochastic and intermittent nature of wind generation increases the uncertainty that the system operators face and obliges them to procure additional reserve capacity. This paper presents a methodology for quantifying fully the effect of wind power generation on the various components of the cost of operating the system.
power generation scheduling
value of lost load
wind power generation
wind power plants
power generation economics
power generation dispatch
operating reserve
Expected energy not served
power systems
Author
Miguel Ortega-Vazquez
Chalmers, Energy and Environment, Electric Power Engineering
Daniel Kirschen
University of Manchester
IEEE Transactions on Smart Grid
1949-3053 (ISSN) 19493061 (eISSN)
Vol. 1 3 295-301 5625935Driving Forces
Sustainable development
Areas of Advance
Energy
Subject Categories
Other Electrical Engineering, Electronic Engineering, Information Engineering
DOI
10.1109/TSG.2010.2081386