Valuing Wind Generation on Integrated Power Systems

Wind powered generation is the fastest growing energy source in the United States due to a combination of economic incentives, the government¿s drive for renewable energy, competitive costs, and the need to address global warming. The economic consequences of the relative variability and lower pred [...]
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Wind powered generation is the fastest growing energy source in the United States due to a combination of economic incentives, the government¿s drive for renewable energy, competitive costs, and the need to address global warming. The economic consequences of the relative variability and lower predictability of wind generation are not easily captured in standard economic analyses performed by utility planners. This book provides utility analysts and regulators a practical framework for analyzing the value of wind generation in the context of modern power systems. Guiding the reader through the steps to understanding and valuing wind generation on modern power systems, this book approaches the issue from a variety of perspectives, supported by case studies. Ken Dragoon outlines the basic procedures of a wind valuation study, with enough detail so that analysts spanning a range of resources and sophistication can undertake a competent study. Descriptions of studies performed by other utilities are also provided, explaining their varying approaches.