Wind Power in a Natural Gas Environment

Expanding production of the United States' vast shale gas reserves in recent years has put the country on a path towards greater energy independence, enhanced economic prosperity, and (potentially) reduced emissions of greenhouse gases and other pollutants. The corresponding expansion of gas-fired generation in the power sector - driven primarily by lower natural gas prices - has also made it easier and cheaper to integrate large amounts of variable renewable generation, such as wind power, into the grid. This book discusses the long-term hedge value of wind power and provides an analysis of wind and natural gas under different market structures.