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Competitive equilibrium and optimal capacity matrix in electricity markets with renewables

Moita, Rodrigo; Monte, Daniel - 2019

This paper develops a dynamic model of competitive equilibrium in electricity markets with thermal, hydro and intermittent power sources. Thermal generators have positive and increasing costs and use a marketable input. Hydro generators use a free and uncertain input, but one that is storable....

Persistent link: https://www.econbiz.de/10012154379

Tradable renewable quota vs. feed-in tariff vs. feed-in premium under uncertainty

Marschinski, Robert; Quirion, Philippe - 2014

We study the performance under uncertainty of three renewable energy policy instruments: Tradable Renewable Quota (TRQ), Feed-In-Tariff (FIT), and Feed-In-Premium (FIP). We develop a stylized model of the electricity market, where renewables are characterized by a positive learning externality,...

Persistent link: https://www.econbiz.de/10010436632

A Regime-Switching Copula Approach to Modeling Day-Ahead Prices in Coupled Electricity Markets (Pre-print)

Pircalabu, Anca - 2017

The recent price coupling of many European electricity markets has triggered a fundamental change in the interaction of day-ahead prices, challenging additionally the modeling of the joint behavior of prices in interconnected markets. In this paper we propose a regime-switching AR-GARCH copula...

Persistent link: https://www.econbiz.de/10012963695

Economietric models for electricity prices : a critical survey

Serati, Massimiliano (contributor); … - 2008

Persistent link: https://www.econbiz.de/10008700137

Eyes on the price : which power generation technologies set the market price? : price setting in European electricity markets : an application to the proposed Dutch carbon price floor

Blume-Werry, Eike; Faber, Thomas; Hirth, Lion; Huber, Claus - 2018

Upon discussion of price setting on electricity wholesale markets, many refer to the so-called merit order model. Conventional wisdom holds that during most hours of the year, coal- or natural gas-fired power plants set the price on European markets. In this context, this paper analyses price...

Persistent link: https://www.econbiz.de/10011948155

From forward to spot prices : producers, retailers and loss averse consumers in electricity markets

Di Cosmo, Valeria; Trujillo-Baute, Elisa - 2018

The benefits of smoothing demand peaks in the electricity market has been widely recognised. European countries such Spain and some of the Scandinavian countries have recently given to the consumers the possibility to face the spot prices instead of having a fixed tariffs determined by...

Persistent link: https://www.econbiz.de/10011914070

Drivers of wholesale electricity prices in a small, open economy : some evidence from the nuclear restart in Belgium

Devogelaer, Danielle; Laine, Benoît - 2016

Persistent link: https://www.econbiz.de/10011739533

Energy price reform in China

Zhang, ZhongXiang - 2018

Energy Price Reform in ChinaThe Chinese leadership has determined to assign the market a decisive role in allocating resources. To have the market to play that role, getting the energy prices right is crucial because this sends clear signals to both producers and consumers of energy. While the...

Persistent link: https://www.econbiz.de/10011850316

A structural analysis of the merit-order effect in the Spanish day-ahead power market

Escribano, Álvaro; Ortega, Álvaro - 2021

Persistent link: https://www.econbiz.de/10013259851

Effects of carbon tax on electricity price volatility : empirical evidences from the Australian market

Comincioli, Nicola; Vergalli, Sergio - 2020

introduction had on electricity market. The most relevant effect is the reduction of the level of electricity price's volatility … multiple linear regression. Then, to study volatility dynamics, we fit a two-states Markov-switching model to represent a high-volatility … and a low-volatility states of the world. This model highlighted that in both states the level of volatility is lower and …

Persistent link: https://www.econbiz.de/10012195002