Wind power and market power in competitive markets

摘要: Abstract Average market prices for intermittent generation technologies are lower than conventional generation. This has a technical reason but can be exaggerated in the presence of power. When there is much wind smaller amounts required, and lower, while at times little higher. effect reflects value different to system. But under conditions power, generators with power further depress if they have buy back energy large output increase sell additional output. greatly exaggerates effect. Forward contracting does not reduce An important consequence that allowing profit margins as support mechanism capacity investment technologically neutral policy.