DocumentCode
1499761
Title
The Capacity Value of Wind: Foundations, Review and Applications in Chile
Author
Herrera, B. ; Watts, D.
Author_Institution
Transelec S.A., Santiago, Chile
Volume
10
Issue
2
fYear
2012
fDate
3/1/2012 12:00:00 AM
Firstpage
1574
Lastpage
1580
Abstract
This paper reviews capacity value in restructured electricity markets and presents some drawbacks in formerly adopted schemes. By revisiting the main economic foundations of Peak Load Pricing, the matter of intermittent resources as wind is discussed. Chilean resource adequacy and capacity payment allocation mechanism is discussed after presenting wind energy outcome in the main national interconnected system. Finally, some desirable updates to capacity allocation methodology are suggested.
Keywords
power generation economics; power markets; power system interconnection; pricing; wind power plants; Chilean resource adequacy; capacity payment allocation mechanism; economic foundations; electricity market; intermittent resource; national interconnected system; peak load pricing; wind energy capacity value; Benchmark testing; Pricing; Resource management; Silicon carbide; Wind; Wind energy; Adequacy; Capacity Value; Efficient Technology Mix; Long Term Security of Supply; Wind;
fLanguage
English
Journal_Title
Latin America Transactions, IEEE (Revista IEEE America Latina)
Publisher
ieee
ISSN
1548-0992
Type
jour
DOI
10.1109/TLA.2012.6187601
Filename
6187601
Link To Document