The merit-order effect: A detailed analysis of the price effect of renewable electricity generation on spot market prices in Germany
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In this article, the authors analyse the impact of renewable electricity generation on the electricity market in Germany and show that the financial volume of the price reduction is considerable, which gives rise to a distributional effect which creates savings for the demand side by reducing generator profits.About:
This article is published in Energy Policy.The article was published on 2008-08-01 and is currently open access. It has received 910 citations till now. The article focuses on the topics: Electricity retailing & Feed-in tariff.read more
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Using bias-corrected reanalysis to simulate current and future wind power output
Iain Staffell,Stefan Pfenninger +1 more
TL;DR: In this article, the first international validation of reanalysis for wind energy, testing NASA's MERRA and MERRA-2 in 23 European countries, was reported, showing significant spatial bias, overestimating wind output by 50% in northwest Europe and underestimating by 30% in the Mediterranean.
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Economics of converting renewable power to hydrogen
TL;DR: In this article, the authors examined the cost of hydrogen from the perspective of an investor who considers a hybrid energy system that combines renewable power with an efficiently sized power-to-gas facility, and showed that hydrogen obtained from wind power is already cost competitive in niche applications and may become widely competitive in the foreseeable future.
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The Market Value of Variable Renewables
TL;DR: In this article, the authors provide a comprehensive discussion of the market value of variable renewable energy (VRE) and how the inherent variability of wind speeds and solar radiation affects the price that VRE generators receive on the market (market value).
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The market value of variable renewables ☆ ☆☆: The effect of solar wind power variability on their relative price
Lion Hirth,Lion Hirth +1 more
TL;DR: In this paper, the authors provide a comprehensive discussion of the market value of variable renewable energy (VRE) and how the inherent variability of wind speeds and solar radiation affects the price that VRE generators receive on the market (market value).
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The impact of wind power generation on the electricity price in Germany
TL;DR: In this paper, the authors investigated the relationship between intermittent wind power generation and electricity price behavior in Germany using a GARCH model, and evaluated the effect of wind electricity generation on the level and the volatility of the electricity price in an integrated approach.
References
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Green Energy Market Development in Germany: Effective Public Policy and Emerging Customer Demand
Rolf Wüstenhagen,Michael Bilharz +1 more
TL;DR: In this article, the authors investigated the relative importance of energy policy and green power marketing in shaping the renewable energy market and concluded that the German case can be used for policy design and market development in other countries.
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Cost-effectiveness of renewable electricity policies
Karen Palmer,Dallas Burtraw +1 more
TL;DR: In this article, a knee of the cost curve exists between 15% and 20% goals for 2020 in the central case, and higher natural gas prices lower the cost of greater reliance on renewables.
Assessment and optimisation of renewable energy support schemes in the European electricity market: Recommendations for implementing effective and efficient renewable electricity policies
G. Resch,Thomas Faber,Reinhard Haas,Claus Huber,Mario Ragwitz,Anne Held,Poul Erik Morthorst,Stine Grenaa Jensen,R. Coenraads,M. Voogt,G. Reece,I. Konstantinaviciute,B. Heyder +12 more
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Do support systems for RES-E reduce EU-ETS-driven electricity prices?
TL;DR: In this paper, the effect of renewable energy sources (RES-E) on the wholesale electricity prices in the first trading period of the EU-ETS 2005-2007 was analyzed.
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Three Decades of Renewable Electricity Policies in Germany
Volkmar Lauber,Lutz Mez +1 more
TL;DR: A historical account of German RES-E policy since 1974 and focusing in particular on the evolution of "feed-in" legislation from 1990 to 2004 can be found in this paper.