Correlation analysis on wind and hydro resources with electricity demand and prices in New Zealand

Correlation analysis on wind and hydro resources with electricity demand and prices in New Zealand •We study correlation of wind and hydro with electricity demand and prices.•We discuss the trade-offs of developing wind power in different geographic areas.•Increased wind power may balance price spikes in a hydro-based electricity market.•We separate daily deviations from the expected seasonal value.•For some locations deviations significantly correlate with electricity prices. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Applied Energy Elsevier

Correlation analysis on wind and hydro resources with electricity demand and prices in New Zealand

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Publisher
Elsevier
Copyright
Copyright © 2014 Elsevier Ltd
ISSN
0306-2619
D.O.I.
10.1016/j.apenergy.2014.10.015
Publisher site
See Article on Publisher Site

Abstract

•We study correlation of wind and hydro with electricity demand and prices.•We discuss the trade-offs of developing wind power in different geographic areas.•Increased wind power may balance price spikes in a hydro-based electricity market.•We separate daily deviations from the expected seasonal value.•For some locations deviations significantly correlate with electricity prices.

Journal

Applied EnergyElsevier

Published: Jan 1, 2015

References

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