全球智库信息集成服务系统(G2TT): The Market Value of Variable Renewables

G2TT

来源类型	FEEM working papers "Note di lavoro" series
规范类型	论文
	The Market Value of Variable Renewables
	Lion Hirth
发表日期	2012
出处	Energy: Resources and Markets
出版年	2012
语种	英语
摘要	The income that wind and solar power receive on the market is affected by the variability of their output. At times of high availability of the primary energy source, they supply electricity at zero marginal costs, shift the supply curve (merit-order curve) to the right and thereby reduce the equilibrium price of electricity during that hour. The size of this merit-order effect depends on the amount of installed renewable capacity, the slope of the merit-order curve, and the intertemporal flexibility of the electricity system. Thus the price of wind power falls with higher penetration rates, even if the average electricity price remains constant. This work quantifies the effect of variability on the market value of renewables using a calibrated model of the European electricity market. The relative price of German wind power (value factor) is estimated to fall from 110% of the average electricity price to 50% as generation increases from zero to 30% of total consumption. For solar power, the drop is even sharper. Hence competitiveness for large-scale renewables deployment will be more difficult to accomplish than often believed.
特色分类	Q42;O13;D24;D61
关键词	Wind Power Solar Power Electricity Market Power Generation Economics Renewables Value Factor Numerical Modelling
URL	https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/the-market-value-of-variable-renewables/
来源智库	Fondazione Eni Enrico Mattei (Italy)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/118054
推荐引用方式 GB/T 7714	Lion Hirth. The Market Value of Variable Renewables. 2012.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
201239102401Nota_di_（71KB）	智库出版物		限制开放	CC BY-NC-SA	浏览
201239103124NDL2012-（547KB）	智库出版物		限制开放	CC BY-NC-SA	浏览