Di Cosmo, Valeria; Malaguzzi Valeri, Laura - In: Energy Economics 43 (2014) C, pp. 306-315
generator profits are affected by increasing wind generation. Using hourly historical data for the Irish Single Electricity … Market, we simulate new series of electricity prices, representative plant bids and wind generation. We calibrate the model … based on the negative correlation between electricity prices and wind generation. This allows us to determine that …