| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w27262 |
| 来源ID | Working Paper 27262 |
| Simplified Electricity Market Models with Significant Intermittent Renewable Capacity: Evidence from Italy | |
| Christoph Graf; Federico Quaglia; Frank A. Wolak | |
| 发表日期 | 2020-06-01 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | Using hourly offer curves from the Italian day-ahead market and the real-time re-dispatch market for the period January 1, 2017 to December 31, 2018, we show how thermal generation unit owners are able to profit from differences between a simplified day-ahead market design that ignores system security constraints as well as generation unit operating constraints, and real-time system operation where these constraints must be respected. We find that thermal generation unit owners increase or decrease their day-ahead offer prices depending on the probability that their final output will be increased or decreased relative to their day-ahead schedules because of real-time operating constraints. First, we estimate generation unit-level models of the probability of each of these outcomes conditional on forecast demand and renewable production in Italy and neighboring countries. Our most conservative estimate of the impact of a change in the probability a unit owner will have its day-ahead schedule increased in the real-time re-dispatch market implies a day-ahead offer price increase of 5 EUR/MWh if this probability changes by 0.1. If the probability of a day-ahead schedule decrease rises by 0.1 the unit owner's offer price is predicted to be 6 EUR/MWh less. Over our sample period, we find that the economic re-dispatch cost averaged approximately 15% of the total cost of energy consumption valued at the day-ahead price. |
| 主题 | Environmental and Resource Economics ; Energy |
| URL | https://www.nber.org/papers/w27262 |
| 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/584933 |
| 推荐引用方式 GB/T 7714 | Christoph Graf,Federico Quaglia,Frank A. Wolak. Simplified Electricity Market Models with Significant Intermittent Renewable Capacity: Evidence from Italy. 2020. |
| 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 | ||
| w27262.pdf（1065KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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