Resource Documents by Hirth, Lion
Hirth, Lion
Market value of variable renewables: The effect of solar and wind power variability on their relative price
Abstract – This paper provides a comprehensive discussion of the market value of variable renewable energy (VRE). The inherent variability of wind speeds and solar radiation affects the price that VRE generators receive on the market (market value). During wind and sunny times the additional electricity supply reduces the prices. Because the drop is larger with more installed capacity, the market value of VRE falls with higher penetration rate. This study aims to develop a better understanding how the market . . . Complete article »
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