Ladenburg, Jacob; Jensen, Kirsten Lund; Lassen, Christa - In: Applied Economics Letters 21 (2014) 10, pp. 657-664
People experience welfare losses in the event of power outages. A higher share of wind power in the power generation mix increases difficulties in forecasting power generation. This, in turn, challenges an effective utilization of wind power and increases the risk of power outages. Using a split...