Wind Turbine Performance in Volatile Markets
This article explores the uncharted territory of wind turbine performance in volatile electricity markets. As wind energy becomes increasingly integrated into electricity grids, a new challenge arises – price volatility can negatively impact revenue, even when production is high. To address this issue, DTU Wind proposes shifting focus from ‘how much’ energy is produced to ‘when’ it is produced. The article introduces a new performance metric – the annual energy value (AEV) – which accounts for price volatility and demonstrates how wind turbines can be optimised for volatile markets.
By Andreas Bechmann, Senior Scientist, DTU Wind and Energy Systems, Denmark