Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
Please note that all times are shown in the time zone of the conference. The current conference time is: 24th Aug 2026, 01:53:40am WEST
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Daily Overview |
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Egg-Timer: Electricity Markets and Energy Systems Location: D-110 Session Chair: Yuxin Kang, Duke Univeristy | |
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Where the wind blows: estimating the effects of wind generation on grid balancing costs in Great Britain LSE, United Kingdom This study provides the first empirical estimates of the relationship between wind generation and balancing costs in Great Britain. It uses a two-stage least squares approach to account for simultaneity and dynamic dependencies in electricity market data. The study finds that an additional GWh of wind generation adds £0.14/MWh in balancing costs, and that this effect is larger at higher wind penetrations. The study also finds that where generation occurs makes a difference, with onshore wind in Scotland and offshore wind in the Scottish North Sea significantly incurring higher balancing costs for each unit of generation. However, domestic interconnector operations are shown to meaningfully reduce balancing costs. The findings suggest that, on average, balancing costs diminish the price benefits from low-cost wind generation by about one quarter. Overall, the findings underscore the importance of investment in flexible grid and interconnector infrastructure and highlight the potential for locational signals in renewable energy planning and policy to reduce renewable integration costs in Great Britain. | |