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DOI | 10.1016/j.enpol.2016.11.014 |
Electricity prices, large-scale renewable integration, and policy implications | |
Kyritsis, Evangelos1; Andersson, Jonas1; Serletis, Apostolos2 | |
2017-02-01 | |
发表期刊 | ENERGY POLICY
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ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2017 |
卷号 | 101 |
文章类型 | Article |
语种 | 英语 |
国家 | Norway; Canada |
英文摘要 | This paper investigates the effects of intermittent solar and wind power generation on electricity price formation in Germany. We use daily data from 2010 to 2015, a period with profound modifications in the German electricity market, the most notable being the rapid integration of photovoltaic and wind power sources, as well as the phasing out of nuclear energy. In the context of a GARCH-in-Mean model, we show that both solar and wind power Granger cause electricity prices, that solar power generation reduces the volatility of electricity prices by scaling down the use of peak-load power plants, and that wind power generation increases the volatility of electricity prices by challenging electricity market flexibility. |
英文关键词 | Intermittency Large-scale integration Merit-order effect Volatility GARCH-in-Mean model |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000392768800055 |
WOS关键词 | WIND POWER ; SPOT PRICES ; UNIT-ROOT ; TIME-SERIES ; FEED-IN ; MARKET ; VOLATILITY ; IMPACT ; ENERGY ; GARCH |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/18679 |
专题 | 气候变化 |
作者单位 | 1.Norwegian Sch Econ, Dept Business & Management Sci, Bergen, Norway; 2.Univ Calgary, Dept Econ, Calgary, AB T2N 1N4, Canada |
推荐引用方式 GB/T 7714 | Kyritsis, Evangelos,Andersson, Jonas,Serletis, Apostolos. Electricity prices, large-scale renewable integration, and policy implications[J]. ENERGY POLICY,2017,101. |
APA | Kyritsis, Evangelos,Andersson, Jonas,&Serletis, Apostolos.(2017).Electricity prices, large-scale renewable integration, and policy implications.ENERGY POLICY,101. |
MLA | Kyritsis, Evangelos,et al."Electricity prices, large-scale renewable integration, and policy implications".ENERGY POLICY 101(2017). |
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