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

共 50 条

[41] The Nexus between Wholesale Electricity Prices and the Share of Electricity Production from Renewables: An Analysis with and without the Impact of Time of Distress
Herczeg, Balazs
Pinter, Eva
ENERGIES, 2024, 17 (04)
[42] A Game-Theoretical Approach to Variable Renewable Generator Bidding in Wholesale Electricity Markets
Hanna, Ryan
Disfani, Vahid Rasouli
Kleissl, Jan
2016 NORTH AMERICAN POWER SYMPOSIUM (NAPS), 2016,
[43] Impact of carbon cost on wholesale electricity price: A note on price pass-through issues
Kim, Wook
Chattopadhyay, Deb
Park, Jong-bae
ENERGY, 2010, 35 (08) : 3441 - 3448
[44] Equilibrium in Wholesale Energy Markets: Perturbation Analysis in the Presence of Renewables
Kiani, Arman
Annaswamy, Anuradha
IEEE TRANSACTIONS ON SMART GRID, 2014, 5 (01) : 177 - 187
[45] On the design of wholesale electricity markets under uncertainty
Bose, Subhonmesh
2015 53RD ANNUAL ALLERTON CONFERENCE ON COMMUNICATION, CONTROL, AND COMPUTING (ALLERTON), 2015, : 203 - 210
[46] Optimal Linear Hedge Under Volumetric and Price Uncertainties in both Retail and Wholesale Electricity Markets
Du, Yijun
Vishwanathan, Raman
2017 IEEE POWER & ENERGY SOCIETY GENERAL MEETING, 2017,
[47] Optimal Price Design in the Wholesale Electricity Market
Bigerna, Simona
Bollino, Carlo Andrea
ENERGY JOURNAL, 2016, 37 : 51 - 68
[48] The impact of electric vehicles' market expansion on wholesale electricity price - The case of Lithuania
Gesevicius, Karolis
Catalao-Lopes, Margarida
Carvalho, Pedro M. S.
CASE STUDIES ON TRANSPORT POLICY, 2021, 9 (02) : 477 - 487
[49] Integration of Demand Response into Wholesale Electricity Markets
Reid, Elizabeth
Gerber, Spence
Adib, Parviz
2009 IEEE/PES POWER SYSTEMS CONFERENCE AND EXPOSITION, VOLS 1-3, 2009, : 857 - 857
[50] Structure and Current State of the Wholesale Electricity Markets
Cardenas, L. M.
Franco, C. J.
IEEE LATIN AMERICA TRANSACTIONS, 2017, 15 (04) : 669 - 674

← 1 2 3 4 5 →