| DOI: | 10.1016/j.enpol.2021.112416
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| 论文题名: | The Covid-19 shock on a low-carbon grid: Evidence from the nordics |
| 作者: | Mauritzen J.
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| 刊名: | Energy Policy
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| ISSN: | 03014215
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| 出版年: | 2021
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| 卷: | 156 | | 语种: | 英语
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| 中文关键词: | Consumption
; Covid-19
; Intermittency
; Prices
; Renewable energy
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| 英文关键词: | Carbon
; Commerce
; Investments
; Public policy
; Wind power
; Carbon grids
; Consumption
; Covid-19
; Denmark
; Intermittency
; Local loads
; Low carbon
; Power
; Renewable energies
; Sharp contrast
; Costs
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| 英文摘要: | I investigate how the Covid-19 epidemic affected consumption and prices in a part of the Nordic electricity market that has a high penetration of intermittent renewable energy: Denmark and the southernmost part of Sweden. In sharp contrast to studies of other regions, I find no overall drop in consumption in this region. However, the distribution of consumption shifted away from peak hours. Nonetheless, prices dropped significantly, with a decline that started well before the imposition of societal restrictions in Denmark. Periods where wind power covered all of local load saw prices collapse towards zero with little variance under the Covid-19 epidemic. The results have important policy implications. Energy-only markets may fail to provide sufficient investment incentives for renewable energy when penetrations of such generation are already high. Policies and technologies that shift load from peak to non-peak times may further erode market incentives. © 2021 The Author(s) |
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| 资源类型: | 期刊论文
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| 标识符: | http://119.78.100.158/handle/2HF3EXSE/167926
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| Appears in Collections: | 气候变化与战略
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作者单位: | Department of Economics, BI Norwegian Business School, Postbox 1254, Torgard, Trondheim, 7462, Norway; NHH Norwegian School of Economics, Norway
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| Recommended Citation: | |
Mauritzen J.. The Covid-19 shock on a low-carbon grid: Evidence from the nordics[J]. Energy Policy,2021-01-01,156
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