Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2017.04.034 |
An analysis of the decline of electricity spot prices in Europe: Who is to blame? | |
Bublitz, Andreas; Keles, Dogan; Fichtner, Wolf | |
2017-08-01 | |
发表期刊 | ENERGY POLICY |
ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2017 |
卷号 | 107 |
文章类型 | Article |
语种 | 英语 |
国家 | Germany |
英文摘要 | The European electricity markets are going through a phase of agitating transition, which is shaped by different key factors, such as the expansion of renewable energies, the changes in the EU carbon trading scheme and the European market integration. In addition, markets are affected by the volatile prices of primary energy carriers, e.g. gas and coal. The development of these different factors led to a decline of German wholesale electricity prices of almost 40% - from about 51 (sic)/MWil in 2011 to 31 (sic)/MWh in 2015. The goal of this study is to analyze the contribution of different price drivers to this decline. Thus, an agent based modeling and a regression approach are applied to investigate the effect of price drivers and to verify model results by comparing both approaches. Our results show that, against the public perception, the impact of carbon and coal prices on German electricity prices has been twice as high as the renewable expansion between 2011 and 2015. Furthermore, if carbon and coal prices do not recover to at least the level of 2011, electricity prices will remain on the current low level complicating the economic operation of gas power plants. |
英文关键词 | Merit-order Electricity markets Agent-based simulation Multiple regression analysis |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000405158200030 |
WOS关键词 | MARKET PRICES ; EU ETS ; GERMANY ; GENERATION ; IMPACT ; WIND ; SIMULATION ; BEHAVIOR ; MODELS |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/16911 |
专题 | 气候变化 |
作者单位 | Karlsruhe Inst Technol, Chair Energy Econ, Hertzstr 16, D-76187 Karlsruhe, Germany |
推荐引用方式 GB/T 7714 | Bublitz, Andreas,Keles, Dogan,Fichtner, Wolf. An analysis of the decline of electricity spot prices in Europe: Who is to blame?[J]. ENERGY POLICY,2017,107. |
APA | Bublitz, Andreas,Keles, Dogan,&Fichtner, Wolf.(2017).An analysis of the decline of electricity spot prices in Europe: Who is to blame?.ENERGY POLICY,107. |
MLA | Bublitz, Andreas,et al."An analysis of the decline of electricity spot prices in Europe: Who is to blame?".ENERGY POLICY 107(2017). |
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