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 … electricity price more than it increases constraint payments, even when storage is on outage. The effect of wind remains positive …

medium-term horizon. The economic effects of electricity shortages are also direct and indirect, but the temporal lag is … weak business and consumer confidence. The social costs of electricity shortages have immediate negative results, and … warning and information. A specific assessment of the social costs of an electricity shortage remains a research task for the …