Energy Economics. The market value of wind power declines with its market share. We explain why and by how much. The quantification is based on empirical market data, a quantitative meta-analysis of published studies, and modeling in EMMA. At a market share of 30%, each MWh of wind-powered electricity is worth 40% less than at a small market share.
Journal | Open access | Financial Times | Handelsblatt | Energy Transition | EnergyCollective
The Energy Journal. We estimate the cost-optimal market share of wind and solar power, explicitly taking into account their output variability, finding 20%, three times more than today. Variability significantly impacts results: if winds were constant, the optimal share would be 60%. We present and explain several surprising findings, including a negative impact of CO2 prices on optimal wind deployment.
Journal | Open access | EnergyCollective
Renewable & Sustainable Energy Reviews. Balancing power is used to quickly restore the supply-demand balance in power systems. The need for this tends to be increased by the use of wind and solar power. Empirical evidence, however, tells another story: while German wind and solar capacity has tripled since 2008, balancing reserves have been reduced by 15% – and costs by 50%!
Journal | Open access