Dispatchable wind power valuation in Texas

The value of dispatchable wind power is studied with a regional power market, Electricity Reliability Council of Texas (ERCOT). After we shortly address wind power development and issues in Texas, we introduce a valuation framework using the net market revenue increment concept. Under the framework, two different levels of studies are done. In order to get a high level insight on the dispatchable wind power value in Texas, we tried a simple historical market data based analysis. The result shows that the benefit related with transmission issue will he significant in Texas electricity market. For the detailed analysis for a specific technology option-compressed air energy storage (CAES), we introduce a market simulation analysis framework.