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

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

Research output: Contribution to conference › Paper

Abstract

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 language	American English
Number of pages	10
State	Published - 1993
Event	Prepared for Windpower '93 - San Francisco, California Duration: 13 Jul 1993 → 16 Jul 1993

Conference

Conference	Prepared for Windpower '93
City	San Francisco, California
Period	13/07/93 → 16/07/93

Bibliographical note

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

NREL Publication Number

NREL/TP-441-5730

Keywords

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

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

https://www.nrel.gov/docs/legosti/old/5730.pdf

Cite this

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title = "Value of Windpower: An Investigation Using a Qualified Production Cost Model",

abstract = "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.",

keywords = "cost model, electric utility financial and production cost model, wind, wind energy",

author = "NREL",

note = "Prepared for Windpower '93, 13-16 July 1993, San Francisco, California; Prepared for Windpower '93 ; Conference date: 13-07-1993 Through 16-07-1993",

year = "1993",

language = "American English",

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TY - CONF

T1 - Value of Windpower: An Investigation Using a Qualified Production Cost Model

AU - NREL, null

N1 - Prepared for Windpower '93, 13-16 July 1993, San Francisco, California

PY - 1993

Y1 - 1993

N2 - 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.

AB - 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.

KW - cost model

KW - electric utility financial and production cost model

KW - wind

KW - wind energy

M3 - Paper

T2 - Prepared for Windpower '93

Y2 - 13 July 1993 through 16 July 1993

ER -

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

Abstract

Conference

Bibliographical note

NREL Publication Number

Keywords

UN SDGs

Access to Document

Fingerprint

Cite this