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An analytical formula for the capacity credit of wind power

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  • Voorspools, Kris R.
  • D'haeseleer, William D.

Abstract

The capacity credit of wind power expresses how much ‘conventional’ power can be avoided or replaced by wind power. From data available in the literature, we have designed an analytical formula for the capacity credit based on the penetration level of the wind power in the power system, the overall capacity factor or annual use of the wind turbines, the reliability of the conventional part of the power system and the spread of the wind turbines. The resulting analytical formula avoids the use of elaborate stochastic reliability evaluations in providing a quick estimate of the capacity credit.

Suggested Citation

  • Voorspools, Kris R. & D'haeseleer, William D., 2006. "An analytical formula for the capacity credit of wind power," Renewable Energy, Elsevier, vol. 31(1), pages 45-54.
  • Handle: RePEc:eee:renene:v:31:y:2006:i:1:p:45-54
    DOI: 10.1016/j.renene.2005.03.017
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    References listed on IDEAS

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    1. El-Sayed, Mohamed A. H., 2002. "Substitution potential of wind energy in Egypt," Energy Policy, Elsevier, vol. 30(8), pages 681-687, June.
    2. Brower, Michael C. & Tennis, Michael W., 1995. "Catching a steady breeze: Putting wind power to work on electric utility systems," The Electricity Journal, Elsevier, vol. 8(2), pages 32-41, March.
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    Cited by:

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    12. Wilton, Edgar & Delarue, Erik & D’haeseleer, William & van Sark, Wilfried, 2014. "Reconsidering the capacity credit of wind power: Application of cumulative prospect theory," Renewable Energy, Elsevier, vol. 68(C), pages 752-760.
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