Transmission pricing and investment incentives

被引:3
|
作者
Ruderer, Dominik [1 ]
Zoettl, Gregor [2 ]
机构
[1] European Investment Bank, Energy Dept, 100 Bd Konrad Adenauer, L-2950 Luxembourg, Luxembourg
[2] Univ Erlangen Nurnberg, Dept Econ, Lange Gasse 20, D-90403 Nurnberg, Germany
关键词
Transmission investment; Generation investment; Redispatch; RENEWABLE ENERGY; MARKET POWER; ELECTRICITY; COST; CAPACITY; NETWORK; UNCERTAINTY; COMPETITION; GENERATION; EXPANSION;
D O I
10.1016/j.jup.2018.08.005
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 allocation of limited transmission resources has considerable impact on investment incentives in electricity markets. We study the long term effects of two common network congestion management regimes on investment in production and transmission facilities. We compare locational marginal pricing, where transmission constraints are directly taken into account by spot market prices, with a regime of uniform prices, where transmission constraints are taken into account by subsequent congestion measures. We propose an analytically tractable framework to show that, as compared to locational marginal pricing, uniform pricing can lead to overinvestment in transmission facilities and total production capacities.
引用
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页码:14 / 30
页数:17
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