EconPapers    
Economics at your fingertips  
 

Space and time: Wind in an investment planning model

Karsten Neuhoff (), Andreas Ehrenmann, Lucy Butler, James Cust (), Harriet Hoexter, Kim Keats, Adam Kreczko and Graham Sinden

Energy Economics, 2008, vol. 30, issue 4, 1990-2008

Abstract: Investment planning models inform investment decisions and government policies. Current models do not capture the intermittent nature of renewable energy sources, restricting the applicability of the models for high penetrations of renewables. We provide a methodology to capture spatial variation in wind output in combination with transmission constraints. The representation of wind distributions using stochastic approaches or using extensive historic data sets exceeds computational constraints for real world application. Hence we restrict the amount of input data, and use bootstrapping to illustrate the robustness of the results. For the UK power system we model wind deployment and the value of transmission capacity.

Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (29) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0140-9883(07)00090-4
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Space and Time: Wind in an Investment Planning Model (2006) Downloads
Working Paper: Space and Time: Wind in an Investment Planning Model (2006) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:30:y:2008:i:4:p:1990-2008

Access Statistics for this article

Energy Economics is currently edited by R. S. J. Tol, Beng Ang, Lance Bachmeier, Perry Sadorsky, Ugur Soytas and J. P. Weyant

More articles in Energy Economics from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

 
Page updated 2019-03-31
Handle: RePEc:eee:eneeco:v:30:y:2008:i:4:p:1990-2008