Value of Windpower: An Investigation Using a Qualified Production Cost Model

    Research output: Contribution to conferencePaper


    As a part of the U.S. Department of Energy's Wind Energy Program at the National Renewable Energy Laboratory, we are using the Environmental Defense Fund's Electric Utility Financial & Production Cost Model (Elfin) as a tool to determine the value of wind energy to specific utilities. The cases we have developed exercise a number of options in the way in which wind energy is treated: (1) as aload modifer (negative load), (2) as a quick-start supply-side resource with hourly varying output, and (3) probabilistically, using time-varying Weibull distributions. By using two wind speed distributions, two different wind turbines, and two different utilities, we show what the wind turbine cost/Kw might be that results in a positive value of wind energy for these utilities.
    Original languageAmerican English
    Number of pages10
    StatePublished - 1993
    EventPrepared for Windpower '93 - San Francisco, California
    Duration: 13 Jul 199316 Jul 1993


    ConferencePrepared for Windpower '93
    CitySan Francisco, California

    Bibliographical note

    Prepared for Windpower '93, 13-16 July 1993, San Francisco, California

    NREL Publication Number

    • NREL/TP-441-5730


    • cost model
    • electric utility financial and production cost model
    • wind
    • wind energy


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