Causal impact of predicted wind power production on electricity prices (IMAGE)

Tsinghua University Press

Causal impact of predicted wind power production on electricity prices

Caption

Comparison of raw correlations (dashed) and causal effects (solid) of wind on UK day-ahead prices. Lines show the price change (GBP/MWh) from +1 GWh of predicted wind for the delivery hour across penetration levels; shading shows 80% CIs. Results reveal wind’s U-shaped price impact.

Credit

iEnergy

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