| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28027 |
| 来源ID | Working Paper 28027 |
| Spillovers from Ancillary Services to Wholesale Power Markets: Implications for Climate Policy | |
| Jesse F. Buchsbaum; Catherine Hausman; Johanna L. Mathieu; Jing Peng | |
| 发表日期 | 2020-11-02 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | In electricity markets, generators are rewarded both for providing energy and for enabling grid reliability. The two functions are compensated in separate markets: energy markets and ancillary services markets. We provide evidence of changes in the generation mix in the energy market that are driven by exogenous changes in an ancillary services market. We provide quasi-experimental evidence and a theoretical frame-work for understanding the mechanism, showing that it results from the multi-product nature of conventional power plants combined with discontinuities in costs. While research in economics typically focuses solely on the energy market, our results suggest that spillovers between markets are important as well. Furthermore, policy changes relating to grid operations, grid reliability, or climate change could have unintended effects. |
| 主题 | Industrial Organization ; Firm Behavior ; Industry Studies ; Environmental and Resource Economics ; Energy ; Environment |
| URL | https://www.nber.org/papers/w28027 |
| 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/585700 |
| 推荐引用方式 GB/T 7714 | Jesse F. Buchsbaum,Catherine Hausman,Johanna L. Mathieu,et al. Spillovers from Ancillary Services to Wholesale Power Markets: Implications for Climate Policy. 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 | ||
| w28027.pdf（788KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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