Forecasting the production of photovoltaic (PV) and wind power systems inevitably implies inaccuracies. Therefore, sales made based on forecasts almost always require the vendor to make balancing efforts. In the absence of resources available within their own portfolios, operators can turn...

This paper studies the role of flexibility sources in the European electricity market, using a system dynamics model that includes various socio-technical factors, and a novel flexibility scoring concept. The learning rate impact of a new technology (gas-CCS) on the system’s flexibility is...

Massive increases in Internet data traffic over the last years have led to rapidly rising electricity demand and CO2 emissions, giving rise to environmental externalities and network congestion costs. One particular concern is the rise in data traffic generated by video-streaming services. We...

Literature indicates a decline in the market value of wind power with increasing market penetration. Two promising measures to mitigate this market value drop are system-friendly turbines and geographical diversification. This study analyzes the combined potential of a hybrid approach used to...

Germany is among the leading countries regarding the promotion of renewable energy towards a sustainable energy system transition. In this paper, we investigate the German pilot auction scheme for solar photovoltaics introduced in the Renewable Energies Act 2014 (EEG 2104) that serves as a pilot...

In this paper we present an economic evaluation of scenarios for the future Brazilian power sector. We regard different paths for the capacity expansion with alternative energy sources aiming at the economically efficient diversification of the electricity mix. The scenarios are constructed in...

In most European countries, taxes and levies, the state-induced components of electricity prices, constitute the major share of electricity prices for consumers and are charged at a fixed rate. This study analyzes whether switching state-induced price components to time varying rates can support...

In this paper we investigate the location-specific attractiveness of small wind turbines (SWT) for private households. In order to assess the economic viability of an investment in SWT, we analyze a set of scenarios that incorporate different types of SWT, various storage system options, support...

In a perfectly competitive market with a possibility of technological innovation we contrast guaranteed feed-in tariffs for electricity from renewables and tradable green certificates from a dynamic efficiency and social welfare point of view. Specifically, we model decisions about the...

Previous studies on the economics of onshore wind parks in Germany found that geographic diversifi-cation results in no significant system costs savings. Furthermore, such diversification does not neces-sarily result in higher market values (Eising et al., 2020) or better merchant profitability...