globalchange  > 气候变化与战略
DOI: 10.1016/j.enpol.2020.111660
论文题名:
Variable renewable energy technologies in the Turkish electricity market: Quantile regression analysis of the merit-order effect
作者: Sirin S.M.; Yilmaz B.N.
刊名: Energy Policy
ISSN: 03014215
出版年: 2020
卷: 144
语种: 英语
中文关键词: Merit-order effect ; Quantile regression ; Renewable ; Turkey
英文关键词: Electric industry ; Electric power systems ; Natural resources ; Regression analysis ; Renewable energy resources ; Day ahead market ; Electricity market design ; Financial costs ; Hydro-technology ; Ordering effects ; Quantile regression ; Temporal values ; Variable renewable energies ; Power markets ; alternative energy ; electricity supply ; hydroelectric power ; numerical model ; regression analysis ; renewable resource ; wind power ; Turkey
英文摘要: The share of variable renewable energy sources in power supply has increased significantly in many countries; however, this increase has also created problems in electricity markets. While the average day-ahead market price has declined in several markets (the merit-order effect), the remuneration mechanisms in some countries have to be revised due to the surge in financial costs. Yet, further research is needed to understand the implications of the merit-order effect for remuneration mechanisms thoroughly. Accordingly, this study aims to contribute to the literature through employing a quantile regression model to analyze the merit-order effect and discuss its implications for the remuneration mechanism in Turkish electricity market. Model results show significant negative merit-order effect for both wind and run-of-river hydro technologies; however, this effect varies with respect to demand, price level and technology. Moreover, the contribution of these technologies to the total welfare in the Turkish electricity market does not favor fixed-price payments. In conclusion, it is recommended that the remuneration mechanism is revised to include the temporal value of variable renewable energy sources and electricity market design should reflect the locational value of variable renewable energy sources in Turkey. © 2020 Elsevier Ltd
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资源类型: 期刊论文
标识符: http://119.78.100.158/handle/2HF3EXSE/167488
Appears in Collections:气候变化与战略

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作者单位: Ivey Business School, 1255 Western Road, London, ON, Canada; Middle East Technical University, Department of Business Administration, Ankara, 06531, Turkey

Recommended Citation:
Sirin S.M.,Yilmaz B.N.. Variable renewable energy technologies in the Turkish electricity market: Quantile regression analysis of the merit-order effect[J]. Energy Policy,2020-01-01,144
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