Wholesale price of wind power generation base mold

What is the market value of wind?

The market value of wind follows power prices closely and is therefore very different across Europe, with higher values in the southern part of the continent and lower ones in the north. The absolute value of general power prices is the main driver for market value of wind.

What is a wind and solar pricing tool?

The tool consists of maps, time series, and other interactive figures that provide: (1) a general overview of how average pricing, negative price frequency, and extreme high prices vary over time, and (2) a summary of how pricing patterns are related to wind and solar generation.

How much does a MWh cost?

ar and hydropower generation resources. Wholesale prices can vary widely by hour and season, from over $500 per MWh (shown in ho pink) to negative prices (light blue). This screen-shot from the ReWEP tool shows the regional averag hourly p

How does wind integration affect the price of electricity?

A decrease of the value factor in line with wind integration may also reflect self-cannibalization. More wind power drives the wholesale electricity market price down in specific hours, thereby decreasing the price captured by producers, resulting on a diminishing force against the profitability of additional projects.

Where are wind energy prices high compared to other regions?

Figure 2 shows that average annual prices in ERCOT (Texas), CAISO (California), and the broader western region were high relative to other regions of the country. Prices in SPP (the region in the center of the country) were particularly low, with the lowest prices in SPP located near the highest levels of wind generation. Figure 2.

How does MV affect wholesale power prices?

MV is strongly correlated with price developments in the wholesale power market. The largest impact on both price and MV is given by fundamental conditions, such as weather (rainfall, wind speed, solar irradiance), demand, fuel costs (for coal and natural gas) and CO2 prices.