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2008): The Social Cost of Wind Power

Title: 2008): The Social Cost of Wind Power
Authors: Nicolas Boccard; Jel Codes L
Contributors: The Pennsylvania State University CiteSeerX Archives
Source: http://www.idei.fr/doc/conf/eem/papers_2008/boccard.pdf.
Publication Year: 2008
Collection: CiteSeerX
Subject Terms: Electricity; Network Externalities; Industrial Organization; Renewables; Planning
Description: Wind powered generation (WPG) is the dominant renewable energy source for electricity production. The impossibility to stock electricity coupled with the intermittent nature of WPG limits its contribution to the adequacy of electrical systems. We investigate this issue from an economic rather than technical point of view and define the social cost of wind power as the difference between its actual cost and its system value i.e., the cost of replacing the produced energy, hour by hour, using more intensively the remaining thermal technologies. We further divide this social cost into technological and adequacy components. Whereas the former may become negligible once thermal technologies pay for carbon emissions, the latter is a lower bound on WPG structural weakness wrt. thermal technologies. We contrast our theoretical proposal with the literature and then measure it empirically us-
Document Type: text
File Description: application/pdf
Language: English
Relation: http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.585.9771; http://www.idei.fr/doc/conf/eem/papers_2008/boccard.pdf
Availability: http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.585.9771; http://www.idei.fr/doc/conf/eem/papers_2008/boccard.pdf
Rights: Metadata may be used without restrictions as long as the oai identifier remains attached to it.
Accession Number: edsbas.C487C608
Database: BASE