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Wind energy penetration; Wholesale electricity price; Retail electricity price; Ireland
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A Quantitative Analysis Of The Impact Of Wind Energy Penetration On Electricity Prices In Ireland, Micheal O'Flaherty, Niall Riordan, Noel O'Neill, Ciara Ahern
A Quantitative Analysis Of The Impact Of Wind Energy Penetration On Electricity Prices In Ireland, Micheal O'Flaherty, Niall Riordan, Noel O'Neill, Ciara Ahern
Articles
The maturity of wind technology combined with availability of suitable sites means Ireland is on course to generate 40% of its electricity from the wind by 2020.This work sets out to quantify, to what degree, if any, increased wind penetration translates into reduced wholesale and retail prices for electricity. The consensus from the literature is that increasing wind penetration reduces wholesale electricity prices, but views vary as to what degree this translates into reduced retail prices for the consumer.
This work demonstrates the effect of wind energy penetration on the price of electricity in Ireland using quantitative data from the …