全球智库信息集成服务系统(G2TT): Setting with the Sun: The Impacts of Renewable Energy on Wholesale Power Markets

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w24980
来源ID	Working Paper 24980
	Setting with the Sun: The Impacts of Renewable Energy on Wholesale Power Markets
	James Bushnell; Kevin Novan
发表日期	2018-09-03
出版年	2018
语种	英语
摘要	Policies supporting investment in renewable electricity have been a cornerstone of climate policy in many parts of the world. While previous empirical work explores the economic and environmental impacts of renewable production, the focus has exclusively been on the short-run impacts of expanding renewable supply. In this paper, we shed light on the longer run impacts of renewable expansions. Focusing on the California electricity market, we estimate how wholesale electricity prices have responded to a dramatic increase in utility-scale solar capacity. While a substantial decline in daily average prices can be attributed to the solar capacity expansion, this average price impact masks a substantial decrease in mid-day prices combined with an increase in shoulder hour prices. These results imply that short-term power markets are responding to the renewable expansion in a fashion that could sustain more flexible conventional generation, while seriously undermining the economic viability of traditional baseload generation technologies.
主题	Industrial Organization ; Regulatory Economics ; Industry Studies ; Environmental and Resource Economics ; Energy
URL	https://www.nber.org/papers/w24980
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/582654
推荐引用方式 GB/T 7714	James Bushnell,Kevin Novan. Setting with the Sun: The Impacts of Renewable Energy on Wholesale Power Markets. 2018.

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
w24980.pdf（1108KB）	智库出版物		限制开放	CC BY-NC-SA	浏览