The insurance effect of renewable distributed energy resources against uncertain electricity price developments

作者: Gilbert Fridgen , Stephanie Halbrügge , Christian Olenberger , Martin Weibelzahl

DOI: 10.1016/J.ENECO.2020.104887

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摘要: Abstract To combat climate change, many countries all around the world currently foster development of renewable energy sources (RES). However, in contrast to traditional systems that relied on few central power plants, RES are typically highly decentral and spread over a country. Against this backdrop, promotion decentralization system by fostering regional balance demand supply with corresponding increase democracy is seen as promising approach. driven an increasing involvement consumers requires adequate investments their own local order become active players, usually called prosumers. Risk associated uncertain long-term electricity price developments generally barrier investments. In contrast, we describe investment distributed resources (DERs) may actually serve consumer's insurance against risk. Our results set out consideration risk-aversion positively shift decision DERs. This due prosumer becoming more self-sufficient less dependent developments. analyze such effect, create formal model considering prosumer's derive optimal our also indicate under some circumstances effect disappears: When turns into predominant producer, again exposed risk terms revenues. Ultimately, work highlights importance when assessing

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