Several studies have shown that the revenue of wind power generators on spot markets (“market value”) diminishes with increasing deployment. This “value drop” is mostly observed in power markets that are dominated by thermal power plants, such as in Germany. This paper assesses the wind market value in power systems where hydroelectric stations with large reservoirs prevail, such as in Sweden. Full paper: http://www.neon-energie.de/Hirth-2016-Market-Value-Flexibility-Wind-Hydropower.pdf
