Impact of wind-hydro dynamics on electricity price: A seasonal spatial econometric analysis

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Title

Impact of wind-hydro dynamics on electricity price: A seasonal spatial econometric analysis

Content partner

The University of Auckland Library

Collection

ResearchSpace@Auckland

Description

Hydro and wind are both commonly deployed renewable sources of electricity. Wind is intermittent and unpredictable to a large degree. Hydro depends on seasonal rainfall patterns, although storage may offer scope to spread the risk associated with dry seasons. We investigate the impact of intermittent wind generation, coupled with a given hydro capacity, on wholesale electricity prices, accounting for both spatial and seasonal effects. Results from a spatial Durbin model provide evidence of si...

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Format

Research paper

Research format

Journal article

Date created

2022-1-1

Creator

Wen, Le / Suomalainen, Kiti / Sharp, Basil / Yi, Ming / Sheng, Mingyue Selena

URL

https://hdl.handle.net/2292/58131

Related subjects

Science & Technology / Physical Sciences / Technology / Thermodynamics / Energy & Fuels / Spatial analysis / Wind generation / Hydro / Nodal price / Price volatility / Merit-order effects / POWER-GENERATION / DEMAND / STORAGE / SYSTEM / EMISSIONS / FORECAST / ISLANDS / MODELS / LEVEL / TESTS / 0913 Mechanical Engineering / 0914 Resources Engineering and Extractive Metallurgy / 0915 Interdisciplinary Engineering

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