Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2018.10.014 |
Market integration and technology mix: Evidence from the German and French electricity markets | |
Gugler, Klaus1; Haxhimusa, Adhurim2 | |
2019-03-01 | |
发表期刊 | ENERGY POLICY
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ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2019 |
卷号 | 126页码:30-46 |
文章类型 | Article |
语种 | 英语 |
国家 | Austria |
英文摘要 | We employ hourly data from German and French electricity markets and show that integration of German and French electricity markets depends on the technology mix and the characteristics of neighbouring markets. Only when German and French electricity markets employ 'similar' generation mixes price spreads and the likelihood of the congestion of electricity flows are significantly reduced. We find that up to 31% of the price convergence is not attributed to the forces of arbitrage backed by interconnection capacities, but it is driven by coincident similarities in technology mixes. Furthermore, we document consistent evidence for the most important predictions of trade theory if markets are characterised by increasing marginal cost curves and limited cross-border capacities, i.e. limited convergence, congestion and cross-border externalities. Our results call for a coordinated European energy policy. |
英文关键词 | Market integration Electricity Renewables Technology differences Generation mix similarity index |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000457952000004 |
WOS关键词 | SPOT-MARKET ; POWER ; INVESTMENT ; PRICES |
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/18881 |
专题 | 气候变化 |
作者单位 | 1.Vienna Univ Econ & Business, Dept Econ, Res Inst Regulatory Econ, Welthandelspl 1, A-1020 Vienna, Austria; 2.Vienna Univ Econ & Business, Res Inst Regulatory Econ, Welthandelspl 1, A-1020 Vienna, Austria |
推荐引用方式 GB/T 7714 | Gugler, Klaus,Haxhimusa, Adhurim. Market integration and technology mix: Evidence from the German and French electricity markets[J]. ENERGY POLICY,2019,126:30-46. |
APA | Gugler, Klaus,&Haxhimusa, Adhurim.(2019).Market integration and technology mix: Evidence from the German and French electricity markets.ENERGY POLICY,126,30-46. |
MLA | Gugler, Klaus,et al."Market integration and technology mix: Evidence from the German and French electricity markets".ENERGY POLICY 126(2019):30-46. |
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