The impact of variable renewables on price dynamics within wholesale electricity markets

被引：0

作者：

Sirin, Selahattin Murat ^{[1
]}

Elshurafa, Amro M. ^{[1
]}

Cakmak, Nurullah ^{[2
]}

机构：

[1] King Khalid Int Airport, KAPSARC, Riyadh 13415, Saudi Arabia

[2] Univ Illinois, 1407 West Gregory Dr, Urbana, IL 61801 USA

来源：

UTILITIES POLICY | 2025年 / 95卷

关键词：

Variable renewable energy; Day-ahead market; Ancillary services; Balancing market; ENERGY; POWER; WIND; CURTAILMENT; INTEGRATION; GENERATION; SYSTEM; COSTS; INTERMITTENCY; FLEXIBILITY;

D O I：

10.1016/j.jup.2025.101928

中图分类号：

TE [石油、天然气工业]; TK [能源与动力工程];

学科分类号：

0807 ; 0820 ;

摘要：

The increasing integration of variable renewable energy sources (VREs) introduces new complexities into the electricity markets. This paper investigates the effects of VREs on price dynamics by utilizing unplanned wind power plant outages as exogenous shocks. Using data from the Turkish electricity market from 2019 to 2023, we examine the short-and long-term impacts of VREs on price dynamics within wholesale electricity markets. Our findings reveal that unplanned outages significantly affect short-term market dynamics, while long-term effects remain limited. The results emphasize the necessity for enhanced grid flexibility, demand response strategies, and energy storage solutions to accommodate the growing share of VREs.

引用

页数：20

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