Solar and wind energy portfolios and real-time pricing
Department or Administrative Unit
Finance and Supply Chain Management
This study develops a method to determine the least volatile combination of power output from wind and solar hybrid systems. Hourly data for wind and PV systems in Northwest Ohio are used to show that a combination of both is more stable and would have higher value to the grid than each individually. Value to the grid was established by correlating the real time output of solar, wind, or hybrid with 2009 hourly pricing data from the Midwest Interconnect. This method can be used to determine the ideal ratio in other parts of the country.
Hoepfl, K. E., Solocha, A., Compaan, A. D., & Johnson, E. (2012). Solar and wind energy portfolios and real-time pricing. International Journal of Technology, Policy and Management, 12(2/3), 233. https://doi.org/10.1504/ijtpm.2012.046928
International Journal of Technology, Policy and Management
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