16 May '18, 5pm

High renewables share cuts wholesale prices

High renewables share cuts wholesale prices

Further, in high wind scenarios where wind makes up 30% and solar makes up 10% of the penetration, the drop in wholesale prices in the regions ranged from 19-37%. The findings were made in major new technical study by the Lawrence Berkeley National Laboratory (LBNL), funded by the US Department of Energy. The LBNL scientists simulated wind and solar shares of up to 40-50% in California, the Midwest, Texas and New York in 2030, and contrasted those results with a low penetration rate of renewables. "High wind scenarios … lead to the greatest increase in irregularity of pricing patterns," across all regions, said the report. On the other hand, high solar scenarios lead to the largest change in the daily profile of prices and the greatest overall variation in prices. For example in New York, substantial evening price reductions in the high wind scenario in the winter will lea...

Full article: https://www.windpowermonthly.com/article/1464962/high-ren...

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