Ruhnau, Oliver; Hirth, Lion; Praktiknjo, Aaron - 2020
the economic characteristics of electric heat pumps and wind energy and studies their interaction on wholesale electricity … markets. Using a numerical electricity market model, we estimate the economic value of wind energy and the economic cost of … powering heat pumps. We find that, just as expanding wind energy depresses its €/MWhel value, adopting heat pumps increases …