Brunekreeft, Gert; Meyer, Roland - In: Zeitschrift für Wirtschaftspolitik 60 (2011) 1, pp. 62-73
Abstract The increasing share of renewables in generation leads to a structural change in electricity markets. As the utilization of conventional generators decreases in the short run, fixed costs of those power plants have to be recovered through high price spikes in times of scarce capacities....