In this paper, the authors utilize nodal price data at each thermal-generation facility within the ERCOT footprint between 2014 and 2016 to revisit an empirical question of great interest to various parties: how does wind integration affect the wholesale energy price? We find that for every additional 1000 MW of wind generation in a Real-Time 15-minute Settlement Interval, nodal prices at non-wind resources would be suppressed by $1.45/MWh to $4.45/MWh, with considerable heterogeneity across time and space.
Andrew Dressel joins CRA's Energy Practice
CRA is pleased to welcome Andrew Dressel to our Energy Practice in Salt Lake City. “Andrew is an experienced power industry attorney and consulting...