Comparing the Costs of Intermittent and Dispatchable Electricity Generating Technologies.¶
Joskow, P. L. (2011). Comparing the Costs of Intermittent and Dispatchable Electricity Generating Technologies. American Economic Review, 101(3), 238-241.
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Primes¶
- Unevenness Waste
- In energy grids it is variable renewable supply against variable demand, which forces firming capacity, storage, or curtailment — variance, not mean, is what storage and balancing markets price.
This sourceEstablishes that intermittent (variable) generation must be valued by its production profile and the variance it imposes, not levelized mean energy — the grid pricing variance, which forces firming, storage, or curtailment.
- In energy grids it is variable renewable supply against variable demand, which forces firming capacity, storage, or curtailment — variance, not mean, is what storage and balancing markets price.
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