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The Potential for Wind Energy Meeting Electricity Needs on Vancouver Island

Author

Listed:
  • Ryan Prescott
  • G. Cornelis van Kooten
  • Hui Zhu

Abstract

In this paper, an in-depth analysis of power supply and demand on Vancouver Island is used to provide information about the optimal allocation of power across ‘generating’ sources and to investigate the economics of wind generation and penetrability into the Island grid. The methodology developed can be extended to a region much larger than Vancouver Island. Results from the model indicate that Vancouver Island could experience blackouts in the near future unless greater name-plate capacity is developed. While wind-generated energy has the ability to contribute to the Island’s power needs, the problem with wind power is its intermittency. The results indicate that wind power may not be able to prevent shortfalls, regardless of the overall name-plate capacity of the wind turbines. Further, costs of reducing CO2 emissions using wind power are unacceptably large, perhaps more than $100 per t CO2, although this might be attributable to the mix of power sources making up the Island’s grid.

Suggested Citation

  • Ryan Prescott & G. Cornelis van Kooten & Hui Zhu, 2006. "The Potential for Wind Energy Meeting Electricity Needs on Vancouver Island," Working Papers 2006-04, University of Victoria, Department of Economics, Resource Economics and Policy Analysis Research Group.
    • Handle: RePEc:rep:wpaper:2006-04
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    File URL: https://web.uvic.ca/~repa/publications/REPA%20working%20papers/WorkingPaper2006-04.pdf
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    References listed on IDEAS

    as
    1. Lund, Henrik, 2005. "Large-scale integration of wind power into different energy systems," Energy, Elsevier, vol. 30(13), pages 2402-2412.
    2. Pitt, Lawrence & van Kooten, G. Cornelis & Love, Murray & Djilali, Ned, 2005. "Utility-scale Wind Power: Impacts of Increased Penetration," Working Papers 37009, University of Victoria, Resource Economics and Policy.
    3. Weisser, Daniel & Garcia, Raquel S., 2005. "Instantaneous wind energy penetration in isolated electricity grids: concepts and review," Renewable Energy, Elsevier, vol. 30(8), pages 1299-1308.
    4. Hirst, Eric & Hild, Jeffrey, 2004. "The Value of Wind Energy as a Function of Wind Capacity," The Electricity Journal, Elsevier, vol. 17(6), pages 11-20, July.
    5. Ferdinand E. Banks, 2003. "An introduction to the economics of natural gas," OPEC Energy Review, Organization of the Petroleum Exporting Countries, vol. 27(1), pages 25-63, March.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Scorah, Hugh & Sopinka, Amy & van Kooten, G. Cornelis, 2012. "The economics of storage, transmission and drought: integrating variable wind power into spatially separated electricity grids," Energy Economics, Elsevier, vol. 34(2), pages 536-541.
    2. Scorah, Hugh & Sopinka, Amy & van Kooten, G. Cornelis, 2010. "Managing Water Shortages in the Western Electricity Grids," Working Papers 59701, University of Victoria, Resource Economics and Policy.
    3. van Kooten, G. Cornelis & Timilsina, Govinda R., 2009. "Wind power development : economics and policies," Policy Research Working Paper Series 4868, The World Bank.

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    More about this item

    Keywords

    Economics of wind power; grid system modeling; operations research;
    All these keywords.

    JEL classification:

    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

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