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We develop a game-theoretic electricity market model that allows analyzing strategic electricity storage in an … increases consumer rent and overall welfare. In contrast, electricity producers generally suffer from storage. We also find that …
Persistent link: https://www.econbiz.de/10012040651
Persistent link: https://www.econbiz.de/10012224300
In this paper, we develop the game-theoretic electricity market model ElStorM that includes the possibility of … strategic electricity storage. We apply the model to the German electricity market and analyze different realistic and …, depending on policy objectives. We also find that the introduction of electricity storage generally increases overall welfare …
Persistent link: https://www.econbiz.de/10014200939
The transformation of the electricity sector is a main element of the transition to a decarbonized economy … electricity storage and other options for providing temporal flexibility. We discuss the market dynamics of increasing VRE … penetration and their integration in the electricity system. We describe the merit-order effect (decline of wholesale electricity …
Persistent link: https://www.econbiz.de/10013341667
Using electricity for heating can contribute to decarbonization and provide flexibility to integrate variable renewable … energy. We analyze the case of electric storage heaters in German 2030 scenarios with an open-source electricity sector model …
Persistent link: https://www.econbiz.de/10011996270
natural gas imports. This report uses an electricity sector model to investigate the effects of an accelerated expansion of … the heat pump stock on the German electricity sector in 2030. Adding around six million heat pumps would increase … electricity demand by nine percent in 2030; to meet this demand with solar energy, photovoltaic capacity would have to be expanded …
Persistent link: https://www.econbiz.de/10013256965
Common intuition holds that retail real-time pricing (RTP) of electricity demand should become more beneficial in …, we test this intuition by simulating long-run electricity market equilibria with carbon-tax-induced VRE investment and …
Persistent link: https://www.econbiz.de/10011564636
We study the strategic utilization of storage in imperfect electricity markets. We apply a game-theoretic Cournot model …
Persistent link: https://www.econbiz.de/10011309866
Persistent link: https://www.econbiz.de/10009309722
the electricity system, which might be realized by implementating the Vehicle-to-Grid concept. The low cost … impact on the electricity system, a differentiated view is necessary. In general, existing German power plants are capable of … generating the additional electricity required by future e-mobility scenarios. Problematic peak loads however can only be avoided …
Persistent link: https://www.econbiz.de/10010377925