Economic Impact Assessment of Wind Power Integration: A Quasi-Public Goods Property Perspective

Huiru Zhao, Sen Guo and Hongze Li
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Huiru Zhao: School of Economics and Management, North China Electric Power University, Beijing 102206, China
Sen Guo: School of Economics and Management, North China Electric Power University, Beijing 102206, China
Hongze Li: School of Economics and Management, North China Electric Power University, Beijing 102206, China

Energies, 2015, vol. 8, issue 8, 1-26

Abstract: The integration of wind power into power grid will bring some impacts on the multiple subjects of electric power system. Economic impacts of wind power integration on multiple subjects of China’s electric power system were quantitatively assessed from Quasi-public goods property perspective in this paper. Firstly, the Quasi-public goods property of transmission services provided by power grid corporations was elaborated. Secondly, the multiple subjects of China’s electric power system, which include electricity generation enterprises (EGEs), power grid corporations (PGCs), electricity consumers (ECs), and environment, were detailed analyzed. Thirdly, based on the OPF-based nodal price model and transmission service cost allocation model, the economic impact assessment model of wind power integration was built from Quasi-public goods property perspective. Then, the IEEE-24 bus system employed in this paper was introduced according to current status of China’s electric power system, and the modeling of wind turbine was also introduced. Finally, the simulation analysis was performed, and the economic impacts of wind power integration on EGEs, PGCs, ECs and Environment were calculated. The results indicate, from Quasi-public goods property perspective, the wind power integration will bring positive impacts on EGEs, PGCs and Environment, while negative impacts on ECs. The findings can provide references for power system managers, energy planners, and policy makers.

Keywords: wind power integration; economic impact assessment; multiple subjects of China’s electric power system; Quasi-public goods property (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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