El Valor de la Capacidad Eólica: Fundamentos, Revisión y Aplicaciones en Chile (The Capacity Value of Wind: Foundations, Review and Applications in Chile)

Benjamin Herrera (arbenja@gmail.com )1, David Watts (dwatts98@gmail.com)2

1Transelec S.A.
2Pontificia Universidad Católica de Chile

This paper appears in: Revista IEEE América Latina

Publication Date: March 2012
Volume: 10,   Issue: 2 
ISSN: 1548-0992

This paper reviews capacity value in restructured electricity markets and presents some drawbacks in formerly adopted schemes. By revisiting the main economic foundations of Peak Load Pricing, the matter of intermittent resources as wind is discussed. Chilean resource adequacy and capacity payment allocation mechanism is discussed after presenting wind energy outcome in the main national interconnected system. Finally, some desirable updates to capacity allocation methodology are suggested

Index Terms:
Capacity Value, Wind, Long Term Security of Supply, Adequacy, Efficient Technology Mix   

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