Abstract
Wind energy increasingly plays a crucial role in replacing existing systems based on fossil fuels and nuclear generators. However, skepticism about the technological feasibility, economy of scale, and operational profitability prevails. The paper aims to fill this gap by analyzing the affordability of wind energy and by exploring the optimization issue incurring during the integration process of the micro electricity grid. Focusing on locational marginal pricing (LMP) and Midwest independent system operator (MISO) data between January 2014 and December 2020, the authors find wind power generation helps decrease the system energy price after control the effect of gas price. Further, the model captures the important seasonal and uncertain characteristics of power generation and consumption over the years. They also identify and discuss the bottleneck issues of the MISO power grids. These findings provide insights into affordability and technologic integration for long-term strategic planning on green energy including pricing, seasonality, dispatch, and reliability issues.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
