09:00 - 10:30 Making electricity markets fit for wind
Integrating wind power into the electricity market
Room: Hall D
Wind power is variable and dependent on the weather, so fundamentally different from classic fuel-based power. Electricity markets wereoriginally designed with conventional central power stations in mind, but the developments in the last two decades have introduced ever larger amounts of renewable energy.
The session provides an overview of the different markets for wind power, and on the role wind power can play in those. The main angle of the session is money, but the underlying need to balance the grid at all times can be monetized in different ways. The session also shows how wind power can be a good grid citizen, and get access to different income than just to sell the power.
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Learning objectives
- Wind power in the different markets;
- Different markets for wind power;
- Cost, value and income opportunities of wind power.
Presenter
Co-authors:
Maira Bruck (1) F Navid Goudarzi (1) Peter Sandborn (1)
(1) University, College, United States
Presenter's biography
Biographies are supplied directly by presenters at WindEurope Summit 2016 and are published here uneditedDr. Sandborn is a Professor in the Department of Mechanical Engineering at the University of Maryland and member of the Center for Advanced Life Cycle Engineering (CALCE). Dr. Sandborn’s research interests include: technology obsolescence management, prognostics and health management, technology tradeoff analysis, parts selection and management, and system life-cycle and risk economics. He has done work on return on investment, design for availability, and maintenance optimization for aerospace and control systems, and wind turbines. He is a Fellow of the IEEE and ASME.
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