Valuing wind as a distributed energy resource: A literature review
Title
Valuing wind as a distributed energy resource: A literature review
Subject
Distributed energy resources
Distributed wind
Resource diversity
Valuation
Value elements
Value-based tariffs
Value-of-resource
Description
As more distributed energy resources are deployed on electric grid systems across the world, it is important to identify, characterize, and quantify the value elements of different types of distributed energy resources so that policymakers, developers, and utilities can make informed energy deployment decisions. This paper focuses on the value of wind energy as a distributed energy resource (i.e., “distributed wind”). Because of a lack of distributed wind-specific valuation studies, in this review we document the current state of distributed energy resource valuation, analyze a wide array of distributed energy resource valuation metastudies, and identify several value elements for which we recommend developing more robust and standardized calculation methodologies for their potential inclusion in distributed wind valuation. These value elements are ancillary services and locational, resilience, reliability, and resource diversity benefits. This work lays the foundation for a future comprehensive framework for distributed wind valuation studies.
111678
152
Creator
Barrows, S.E.
Homer, J.S.
Orrell, A.C.
Publisher
Renewable and Sustainable Energy Reviews
Date
2021
Type
journalArticle
Identifier
1364-0321
10.1016/j.rser.2021.111678
Citation
Barrows, S.E., Homer, J.S., and Orrell, A.C., “Valuing wind as a distributed energy resource: A literature review,” Lamar University Midstream Center Research, accessed May 13, 2024, https://lumc.omeka.net/items/show/26720.