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This paper discusses a series of Numbers regarding the economic integration of intermittent renewables into European electricity markets. This debate has gained in importance following the large-scale deployment of wind farms and photovoltaic panels. As intermittent renewables constitute a...
Persistent link: https://www.econbiz.de/10010857532
This paper evaluates the benefits for wind power producers to trade in the intraday electricity markets in a context of massive penetration of intermittent renewables. Using a simple analytical model we find out that there are situations when it will be costly for those producers to adjust their...
Persistent link: https://www.econbiz.de/10010607641
In a power system featuring a large share of intermittent renewable energy sources (RES) and inflexible thermal generators, efficiency gains on generation costs could be achieved by curtailing the production of RES. However, as RES feature very low variable production costs, over-curtailment can...
Persistent link: https://www.econbiz.de/10010814347
This article addresses the functioning of capacity remuneration mechanisms (CRMs) in an integrated European electricity market featuring a high share of intermittent renewable energy sources. We first highlight the close ties between flexibility provision and generation adequacy, and explain why...
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This paper discusses a series of issues regarding the integration of intermittent renewables into European electricity markets. As intermittent renewables constitute a significant share of the generation mix, they cannot be kept isolated from the market. We argue that RES integration is an issue...
Persistent link: https://www.econbiz.de/10010729548