Valuing wind as a distributed energy resource: A literature review

Valuing wind as a distributed energy resource: A literature review

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 deployme...

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Bibliographic Details
Published in:Renewable & sustainable energy reviews Vol. 152; p. 111678
Main Authors: Barrows, S.E., Homer, J.S., Orrell, A.C.
Format: Journal Article
Language:English
Published: United States Elsevier Ltd 01-12-2021
Elsevier
Subjects:
Distributed energy resources
Distributed wind
Resource diversity
Valuation
Value elements
Value-based tariffs
Value-of-resource
WIND ENERGY
Value elements
Resource diversity
Distributed wind
Value-based tariffs
EPRI
REV
NARUC
Valuation
Distributed energy resources
Value-of-resource
IEI
RMI
DER
FERC
VOST
VDER
NEM
ITC
TOU
GMLC
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Summary: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. •Detailed review of current state of DER valuation.•First specific examination of valuation of wind as a distributed energy resource.•Identification of important value elements for distributed wind valuation.
Bibliography:PNNL-SA-166330
USDOE Office of Energy Efficiency and Renewable Energy (EERE), Renewable Power Office. Wind Energy Technologies Office
AC05-76RL01830
ISSN:1364-0321
1879-0690
DOI:10.1016/j.rser.2021.111678