An optimal mix of conventional power systems in the presence of renewable energy: A new design for the German electricity market
| Autor: | Andreas Coester, Marjan W. Hofkes, Elissaios Papyrakis |
|---|---|
| Přispěvatelé: | Academic staff unit, Environmental Economics, Spatial Economics |
| Jazyk: | angličtina |
| Rok vydání: | 2018 |
| Předmět: |
Cost efficiency
Power station business.industry 020209 energy 02 engineering and technology Management Monitoring Policy and Law Environmental economics Renewable energy Electric power system General Energy Electricity Market Design 0202 electrical engineering electronic engineering information engineering Conventional Energy Security of Supply Electricity market Electricity Market environment Energy supply Renewable Energy SDG 7 - Affordable and Clean Energy business |
| Zdroj: | Energy Policy, 116, 312-322. Elsevier Coester, A, Hofkes, M W & Papyrakis, E 2018, ' An optimal mix of conventional power systems in the presence of renewable energy: A new design for the German electricity market ', Energy Policy, vol. 116, no. May, pp. 312-322 . https://doi.org/10.1016/j.enpol.2018.02.020 Energy Policy, 116(May), 312-322. Elsevier BV |
| ISSN: | 0301-4215 |
| Popis: | In this paper we develop a new market design for the German electricity market. Our new market design simultaneously ensures security of energy supply and ongoing expansion of renewable energy (RE). The methodological approach applied considers the special challenges resulting from the intermittent nature of RE ‒ we simulate developments in the German electricity market between 2015 and 2034 and differentiate across various power plant technologies according to their ability to flexibly react to changes in the residual load. In theory, a composition of power plants that is optimally adapted to residual load always leads to the most cost efficient supply of electricity. However, our empirical analysis demonstrates that this does not necessarily lead to an improved market environment, both in terms of power plant profitability as well as uninterrupted power supply. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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