The impact of renewables on electricity prices in Germany – An estimation based on historic spot prices in the years 2011–2013

作者: Marius Dillig , Manuel Jung , Jürgen Karl

DOI: 10.1016/J.RSER.2015.12.003

关键词: Investment (macroeconomics)Energy marketElectricitySpot contractRenewable energyElectricity retailingMarket priceMicroeconomicsSupply and demandNatural resource economicsEconomics

摘要: Abstract Germany׳s public opinion and media usually attribute increasing electricity prices to the high share of renewables in German power system. But average at European Energy Exchange dropped during last years due an excess renewable energy. This study uses historic market data order quantify effect on prices. Historic demand supply curves from 2011 2013 have been used reconstruct under assumption that no wind PV would be available. The analysis reveals astonishingly increase up 5.29 ct/kWh a lack non-renewable capacities. In available conventional capacity not able cover 269 hours. estimated maximum deficit 5.6 GW is good agreement published by grid operators. discussion origin this leads conclusion current situation has caused renewables. liberalization energy established investment risks hindered required long time before boomed.

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