Modelling the financial risks of wind generation with Weibull
The manner in which wind generation can affect the half-hourly APX price is discussed
In recent years there has been a marked increase in the amount of renewable generation delivered to the UK power market. For instance, official figures from the National Grid (see Elexon 2015; Gridwatch 2015) show that January 2015 was the most productive month ever for wind energy. During this month, 4.13 terawatt hours (TWh) of wind power was produced – enough to provide power for 8.7 million homes or 14% of Britain's energy.
Also, between January 5 and January 11, 1.119TWh of wind energy was
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