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We evaluate how increasing wind generation affects wholesale electricity prices, balancing payments and the cost of subsidies using the Irish Single Electricity Market (SEM) as a test system, with hourly data from 1 January 2008 to 28 August 2012. We model the spot market using a system of...
Persistent link: https://www.econbiz.de/10011614204
low-carbon technologies. The authors build a model encompassing a late and early investment stage, a clean (green) and …. Allocating network access on a short-term competitive basis distorts investment decisions as brown firms will pre-empt green … market (iusvendendi). As early investment lowers the resale value of the transmission rights, brown firms will invest …
Persistent link: https://www.econbiz.de/10011613836
Europe's power system is still marked by a distinct national component, and despite some regions with strongly integrated power systems, electricity supply today still has a largely national basis. Policies to decarbonise the power sector may fundamentally alter this situation, because power...
Persistent link: https://www.econbiz.de/10010532121
Persistent link: https://www.econbiz.de/10000995271
The economics of electricity is shaped by its physics. A well know example is the non-storability of electricity that causes its price to fluctuate widely. More generally, physical constraints cause electricity to be a heterogeneous good along three dimensions - time, space, and lead-time....
Persistent link: https://www.econbiz.de/10010344242
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variable renewables in mitigation scenarios with positive social returns on investment. However, it turns out that the change …, crucially hinges on the relative development of specific investment costs for solar and wind technologies over the next decades. …
Persistent link: https://www.econbiz.de/10010189317
This paper covers three policy-relevant aspects of the carbon content of electricity that are well established among integrated assessment models but under-discussed in the policy debate. First, climate stabilization at any level from 2°C to 3°C requires electricity to be almost carbon-free...
Persistent link: https://www.econbiz.de/10011715400
Globally about 800 million people live without electricity at home, over two thirds of which are in sub-Saharan Africa. Ending energy poverty is a key development priority because energy plays an enabling role for human wellbeing and economic activities. Planning electricity access...
Persistent link: https://www.econbiz.de/10012256995
Mitigation-Process Integrated Assessment Models (MP-IAMs) are used to analyze long-term transformation pathways of the energy system required to achieve stringent climate change mitigation targets. Due to their substantial temporal and spatial aggregation, IAMs cannot explicitly represent all...
Persistent link: https://www.econbiz.de/10011599310