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Wind power in electricity markets: key issues and challenges

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  • B.S. Rajpurohit
  • S.N. Singh
  • Istvan Erlich

Abstract

Due to the large penetration and continuous improvement in the wind power technology, wind farms are asked to operate similar to the conventional power plants. In emerging electricity market, wind power generators are now seen differently and should sustain with/without limited government support. Although cost reductions due to technological improvements bring wind power in competitions to conventional fossil-fuel generation, but until now various incentives are required to overcome wind power's cost disadvantage and these incentives may play a significant role in improving the competitiveness of wind power. However, the use and trade of wind power in the market is complicated because of the lack of guarantees of generation, mainly in the wind farms. This paper discusses several key issues and challenges which can be faced by the wind power in the competitive power market. With suitable market mechanism, wind power can be helpful in mitigating the market abuse up to some extent.

Suggested Citation

  • B.S. Rajpurohit & S.N. Singh & Istvan Erlich, 2008. "Wind power in electricity markets: key issues and challenges," International Journal of Energy Technology and Policy, Inderscience Enterprises Ltd, vol. 6(3), pages 196-211.
    • Handle: RePEc:ids:ijetpo:v:6:y:2008:i:3:p:196-211
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    Cited by:

    1. Rahi, O.P. & Chandel, A.K., 2015. "Refurbishment and uprating of hydro power plants—A literature review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 48(C), pages 726-737.

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