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Title: Wind power feed-in impact on electricity prices in Germany 2009-2013
Authors: Benhmad, François
Percebois, Jacques
Issue Date: 2016
Publisher: European Association for Comparative Economic Studies (EACES)
Università Carlo Cattaneo - LIUC
Bibliographic citation: Benhmad François, Percebois Jacques (2016), Wind power feed-in impact on electricity prices in Germany 2009-2013. In: The European Journal of Comparative Economics, vol. 13, n. 1, 2016, p. 81-96. E-ISSN 1824-2979.
Abstract: Until quite recently no electricity system had faced the challenges associated with high penetrations of renewable energy sources (RES). In this paper, we carry out an empirical analysis for Germany, as a country with high penetration of wind energy, to investigate the well-known merit-order effect. Our main empirical findings suggest that the increasing share of wind power in-feed induces a decrease of electricity spot price level but an increase of spot prices volatility. Furthermore, the relationship between wind power and spot electricity prices can be strongly impacted by European electricity grids interconnection which behaves like a safety valve lowering volatility and limiting the price decrease. Therefore, the impacts of wind generated electricity on electricity spot markets are less clearly pronounced in interconnected systems.
Journal/Book: The European journal of comparative economics
Appears in Collections:EJCE

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