Impact on Electricity Markets

Deane, Paul; Collins, Seán; Gallachóir, Brian Ó; Eid, Cherrelle; Hartel, Rupert; Keles, Dogan; Fïchtner, Wolf

doi:10.1016/b978-0-12-809806-6.00016-x

Cited by 9 publications

(7 citation statements)

References 6 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The long-run carbon savings from additional wind capacity is studied using a simulation model to determine dispatch with and without a significant increase in wind capacity. Deane et al (2017) do this for EU scenarios in 2030 and 2050, using Plexos to minimize total costs over a year. They assume inelastic time varying demand, and take account of pumped storage and "operational and technical constraints" (presumably transmission capacities, ramping, minimum load and other plant characteristics).…”

Section: Modelling the Long-run Carbon Savings From Windmentioning

confidence: 99%

“…Exactly which fossil generation will be displaced depends on their position in the merit order but also on which are able to adjust their output. The static merit order impact of renewables capacity in displacing fossil plant is well-understood (Clò et al, 2015;Cludius et al, 2014;Deane et al, 2017;Green and Vasilakos, 2012;Ketterer, 2014). The impact of variations in renewable output needs attention to plant dynamics.…”

Section: The Merit Order Impact Of Carbon Pricingmentioning

confidence: 99%

See 1 more Smart Citation

The Impact of a Carbon Tax on the CO2 Emissions Reduction of Wind

Chyong¹,

Guo²,

Newbery³

2020

The Energy Journal

View full text Add to dashboard Cite

Energy policy aims to reduce emissions at least long-run cost while ensuring reliability. Its efficacy depends on the cost of emissions reduced. Britain introduced an additional carbon tax (the Carbon Price Support, CPS) for fuels used to generate electricity that by 2015 added £18/t CO2, dramatically reducing the coal share from 41% in 2013 to 6% in 2018. Policies have both short and long-run impacts. Both need to be estimated to measure carbon savings. The paper shows how to measure the Marginal Displacement Factor (MDF, tonnes CO2 /MWh) for wind. The short-run MDF is estimated econometrically while the long-run MDF is calculated from a unit commitment model of the GB system in 2015. We examine counter-factual fuel and carbon price scenarios. The CPS lowered the short-run SR-MDF by 7% in 2015 but raised the long-run LR-MDF (for a 25% increase in wind capacity) by 18%. We discuss reasons for the modest differences in the SR and LR MDFs. The CPS raised the 2016 wholesale price by £6.22/MWh with impacts on interconnector trade. Cambridge Working Papers in Economics Faculty of Economics www.eprg.group.cam.ac.uk The impact of a Carbon Tax on the CO 2 emissions reduction of wind EPRG Working Paper 1904

show abstract

Section: Modelling the Long-run Carbon Savings From Windmentioning

confidence: 99%

Section: The Merit Order Impact Of Carbon Pricingmentioning

confidence: 99%

The Impact of a Carbon Tax on the CO2 Emissions Reduction of Wind

Chyong¹,

Guo²,

Newbery³

2020

The Energy Journal

View full text Add to dashboard Cite

show abstract

“…Most studies of the impact of VRE concentrate on their price impact -the merit order or profile effect in which low variable cost renewables push out the supply curve and lower prices, impacting the profit of incumbents. The static merit order impact of renewables capacity in displacing fossil plant is well-understood (Clò et al, 2015;Cludius et al, 2014;Deane et al, 2017;Green and Vasilakos, 2010;Ketterer, 2014;Csereklyei et al, 2019). The long-run equilibrium effect is quite different, depending on the entry and exit decisions of conventional plant.…”

Section: Other Integration Costsmentioning

confidence: 99%

High Renewable Electricity Penetration: Marginal Curtailment and Market Failure Under “Subsidy-Free” Entry

Newbery

2023

Preprint

View full text Add to dashboard Cite

“…The diagram in Figure 2 systematizes the main ET actors and interventions in a multilevel perspective representation, highlighting that the European's efforts primarily focus on the macro socio-economic and political dimension in terms of policy regulation [4,5], technology innovation [6], infrastructure development [7][8][9], investments [10,11], and market transformation [12,13]. The individual and household levels highlighted in yellow and deeper are analyzed in Section 2.4 and encompass the concepts of awareness and agency [14,15]. At the economic, policy, and institutional levels, it represents the broader socioeconomic and political factors influencing the ET.…”

Section: Et Who and What: Actors And Dimensions Of The Transitionmentioning

confidence: 99%

How Could People and Communities Contribute to the Energy Transition? Conceptual Maps to Inform, Orient, and Inspire Design Actions and Education

Pillan,

Costa,

Caiola

2023

Sustainability

View full text Add to dashboard Cite

Energy Transition (ET) is crucial for sustainable development, impacting inclusive prosperity and social justice. Knowledge development, innovative solutions, and awareness actions become crucial as energy systems transform. ET necessitates behavioural and cultural changes involving individuals in responsible decision making. The active engagement of all societal actors, including people and communities is essential. The article is authored by a university research team specializing in Design for Sustainability, Service Design, and Design for Experience, and it addresses two central research questions: (i) how can individuals and communities contribute to ET? and (ii) how can design theories, methods, and expertise contribute to generating knowledge and solutions for ET? The research employs a multidisciplinary literature review and case study analysis. It is structured into two main sections. The first section examines ET, drawing upon European Union (EU) official documents and academic literature to outline its values, objectives, actors, initiatives, and challenges, focusing on the role of citizens and communities. The second section explores the design’s contributions, summarizing relevant philosophies and solutions aligned with ET goals, challenges, and bottlenecks. Conceptual maps were created to address the knowledge gap on ET objectives and guidelines, providing design-oriented reference knowledge and principles. The purpose of the research is to define a conceptual framework made up of maps to guide researchers, designers, and design educators in understanding the complexity of ET and to inspire their intervention proposals.

show abstract

Impact on Electricity Markets

Cited by 9 publications

References 6 publications

The Impact of a Carbon Tax on the CO2 Emissions Reduction of Wind

The Impact of a Carbon Tax on the CO2 Emissions Reduction of Wind

High Renewable Electricity Penetration: Marginal Curtailment and Market Failure Under “Subsidy-Free” Entry

How Could People and Communities Contribute to the Energy Transition? Conceptual Maps to Inform, Orient, and Inspire Design Actions and Education

Contact Info

Product

Resources

About