Title: Influence of market rules on the economic value of wind power: an Austrian case study

Authors: Carlo Obersteiner, Lueder Von Bremen

Addresses: Energy Economics Group (EEG), Vienna University of Technology, Gusshausstrasse 25-29/E373-2, A-1040 Vienna, Austria. ' Institut fur Solare Energieversorungstechnik (ISET), University of Kassel e.V., Konigstor 59, D-34119 Kassel, Germany

Abstract: Currently, wind power faces heterogeneous conditions for market integration throughout Europe, given both differing wind power and power system characteristics as well as according regulatory frameworks. This paper discusses marketing options and assesses the influence of market rules on the economic value of wind power for an Austrian case study. Special emphasis is thereby put on options for short-term wind power forecasting and trade. Results indicate that market integration can be improved considerably by implementing continuous day-ahead markets in Central European Countries as a first step. Under such framework conditions also simple forecast approaches provide a significant added value.

Keywords: wind power; electricity market; forecasting; support mechanisms; renewable energy; Austria; wind energy; market integration; Central Europe.

DOI: 10.1504/IJEP.2009.027146

International Journal of Environment and Pollution, 2009 Vol.39 No.1/2, pp.112 - 127

Published online: 16 Jul 2009 *

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