Case Study about Capacity Credit Algorithms for Intermittent Generators
Abstract: As the electric utility industry moves toward a new structure, the responsibility of providing a reliable portfolio of generating resources may be shifted among the various entities in the industry. To evaluate whether to undertake a construction project for new generating resources, utilities have traditionally used sophisticated models to assist in the comparison of alternative resources. It is not clear how this type of evaluation will be carried out after the restructuring dust has settled.
Introduction: Markets for electricity are undergoing rapid change. As these markets change, the traditional vertical integration of electric utilities may evolve into separate industries for electricity generation, transmission, and distribution. Although the precise form of these new industries is not known with any degree of certainty, it is clear that the generating industry will continue to evaluate whether to build new generators. The companies that will perform this type of analysis will probably be very diverse, and include very large generating companies that result from the many recent mergers, as well as smaller companies that are currently considered as independent power producers.
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