•Market value of offshore wind based on feed-in and weather data is assessed.•Merit order effect caused by wind energy is simulated for 2006–2014.•Results indicate same impact of on- and offshore wind on market price and value.•Steadier wind resource offshore imposes less variability on market price.•Characteristic of variable wind feed-in cannot be blamed for price deterioration.
Applied Energy – Elsevier
Published: Sep 15, 2015
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