The impact of renewable energies on EEX day-ahead electricity prices
Type
presentation
Date Issued
2014-05-30
Author(s)
Abstract
We analyze the impact of renewable energies, wind and photovoltaic, on the formation of day-ahead electricity prices at EEX. We give an overview of the policy decisions concerning the promotion of renewable energy sources in Germany, and discuss their consequences on day-ahead prices. An analysis of electricity spot prices reveals that the introduction of renewable energies enhances extreme price changes. In the frame of a dynamic fundamental model, we show that there has been a continuous electricity price adaption process to market fundamentals. Furthermore, the fundamental drivers of prices differ among hours with different load profiles. Our results imply that renewable energies decrease market spot prices and have implications on the traditional fuel mix for electricity production.
Language
English
Keywords
Energy markets
Renewable energies
Day-ahead prices
HSG Classification
contribution to scientific community
Refereed
No
Event Title
11th International Conference on Computational Management Science
Event Location
Lisbon
Subject(s)
Eprints ID
231908
File(s)![Thumbnail Image]()
open.access
Name
MSchuerle_2014-05-30.pdf
Size
588 KB
Format
Adobe PDF
Checksum (MD5)
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