Expansion of wind energy installed capacity is poised to play a key role in climate change
mitigation. However, wind energy is also susceptible to global climate change. Some …

In this paper, an extensive literature survey on critical research areas of various load
frequency control (LFC) methods in a deregulated power system with conventional and …

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 …

This paper estimates the welfare-optimal market share of wind and solar power, explicitly
taking into account their output variability. We present a theoretical valuation framework that …

European wholesale electricity prices have dropped by nearly two thirds since their all-time
high around 2008. Different factors have been blamed, or praised, for having caused the …

Germany׳ s public opinion and media usually attribute increasing electricity prices to the
high share of renewables in the German power system. But average electricity prices at the …

Liberalisation of energy markets, climate policy and the promotion of renewable energy
have changed the framework conditions of the formerly strictly regulated energy markets …

Interest in compressed air energy storage (CAES) technology has been renewed driven by
the need to manage variability form rapidly growing wind and solar capacity. Distributed …

Energy and climate policies are usually seen as measures to internalize externalities.
However, as a side effect, the introduction of these policies redistributes wealth between …

In markets with a high proportion of wind generation, high wind outputs tend to induce low
market prices and, alternatively, high prices often occur under low wind output conditions …