| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15444 |
| DP15444 Storing Power: Market Structure Matters | |
| Natalia Fabra; David Andrés-Cerezo | |
| 发表日期 | 2020-11-12 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We assess how firms' incentives to operate and invest in energy storage depend on the market structure. For this purpose, we characterize equilibrium market outcomes allowing for market power in storage and/or production, as well as for vertical integration between storage and production. Market power reduces overall efficiency through two channels: it induces an inefficient use of the storage facilities, and it distorts investment incentives. The worst outcome for consumers and total welfare occurs under vertical integration. We illustrate our theoretical results by simulating the Spanish wholesale electricity market for different levels of storage capacity. The results are key to understanding how to regulate energy storage, an issue which is critical for the deployment of renewables. |
| 主题 | Industrial Organization |
| 关键词 | Storage Electricity Market structure investment |
| URL | https://cepr.org/publications/dp15444-0 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/544438 |
| 推荐引用方式 GB/T 7714 | Natalia Fabra,David Andrés-Cerezo. DP15444 Storing Power: Market Structure Matters. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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