Paraschiv, Florentina; Erni, David; Pietsch, Ralf - In: Energy Policy 73 (2014) C, pp. 196-210
In this paper, we analyze the impact of renewable energies, wind and photovoltaic, on the formation of day … introduction of renewable energies enhances extreme price changes. In the frame of a dynamic fundamental model, we show that there … prices differ among hours with different load profiles. Our results imply that renewable energies decrease market spot prices …