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- Title
The Effect of Intermittent Renewable Energy Generation on Electricity Prices: A Literature Survey.
- Authors
Oliveira, Blandina C. R.; Fortunato, Adelino
- Abstract
Despite increasing deployment of intermittent renewable energies at lower generation costs, wholesale electricity price has been falling while retail electricity prices go up. This has triggered the debate on the cost-effectiveness of this source of energy. Therefore, the aim of this paper is to present a literature survey on the effect of intermittent renewable energy generation on electricity prices. Researches have used different methodological approaches, different periods and countries to examine the impacts of intermittent renewable energy on electricity prices. Most of the studies found evidence of the merit-order effect, which means that an increase in intermittent source generation would reduce the spot electricity market price. Finally, the few studies that address the retail market found that retail electricity could either increase or decrease.
- Subjects
RENEWABLE energy sources; ELECTRICITY; MARKET prices; METHODOLOGY; RETAIL industry
- Publication
Notas Económicas: Revista da Faculdade de Economia da Universidade de Coimbra, 2021, Issue 53, p73
- ISSN
0872-4733
- Publication type
Article