Statistical analysis of negative prices in European balancing markets

摘要: The presence of renewable power generation technologies increases the need for system flexibility due to their variable nature. increasing share renewables in European systems create a downward adequacy problem, which deals with ability cope periods excess generation. occurrence negative prices on Central Western electricity markets confirms relevance this issue, is referred as “incompressibility systems” and assessed barrier further integration. objective article identify main drivers price balancing markets, by means both an empirical regression analysis. Results confirm positive relation scheduled inflexible base load, well load. Furthermore, related forecast error demand, respectively. It concluded that market provide signal investments sources such flexible generation, demand response, storage, interconnector capacity.