Gone with the Wind? Electricity Market Prices and Incentives to Invest in Thermal Power Plants under Increasing Wind Energy Supply

By T. Traber, Claudia Kemfert. 2011

262 citations recorded by the source corpus.

Subfields: Electrical and Electronic Engineering

View Paper: https://www.semanticscholar.org/paper/387d963107317e2fcccad94de8a54e449b11e35d

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In Electrical and Electronic Engineering

Citations in the corpus

A retrospective analysis of benefits and impacts of U.S. renewable portfolio standards (2016, background): “In the short-run, lower wholesale prices lead to reduced revenues for generators, dampening the incentive for new generators to enter the market or for existing generators to remain in operation (Traber and Kemfert 2011; Woo et al. 2012).”
Intermittently renewable energy, optimal capacity mix and prices in a deregulated electricity market (2011, background): “In particular, it demonstrates that weather dependence of renewable energy sources (using the example of photovoltaic cells) and the fact that electricity power cannot be economically stored and the demand side cannot be sufficiently managed (Traber and Kemfert, 2010) can cause price spikes and incr”
Current and Prospective Costs of Electricity Generation until 2050 (2013, unknown): “…Turbine Steam Turbine (EWI et al. 2010) 950* 400* - (Wagner 2004) pp.112-117 - 490-650 - Efficiency in % Combined Cycle Combustion Turbine Steam Turbine (EWI et al. 2010) 60* 40* - (Traber & Kemfert 2011) - 33 38 (Kunz 2012) 50 34 39 *Derived from figures for gas-fired turbines for 2020.”
The importance of project finance for renewable energy projects (2018, background): “This is caused by the lower power prices, though, not by an increased uncertainty regarding regulatory changes (Kallabis et al., 2016; Traber and Kemfert, 2011).”
Renewable Generation and Electricity Prices: Taking Stock and New Evidence for Germany and Austria (2013, methodology): “For example, only some of the simulation studies use past weather data to estimate renewable output (e.g. Holttinen et al., 2001; Nieuwenhout and Brand, 2011), or consider the existence of an emission trading system (e.g. Sensfuss et al., 2008; Traber and Kemfert, 2011).”
A review of electricity product differentiation (2014, background): “Hence, wind-generation expansion reduces wholesale spot electricity prices and diminishes the incentive for naturalgas-fired generation investments [90–95], even when such investments are urgently needed to integrate new wind-generation capacity into the grid [96–98].”
Energy systems modeling for twenty-first century energy challenges (2014, background): “One reason is that the variability of renewables plays an important role in determining prices, resulting in changed incentives to build other types of power plants (Traber and Kemfert, 2009).”
Modeling of financial incentives for investments in energy storage systems that promote the large-scale integration of wind energy (2013, background): “In addition, as addressed in [7], large-scale integration of wind energy strongly affects power quality, while in terms of market operation, large share of wind power can result in increased volatility of spot prices and extreme negative price events, as identified by several researchers [8–11].”
Merit-order effects of renewable energy and price divergence in California’s day-ahead and real-time electricity markets (2016, methodology): “…Woo et al., 2013, 2014),5 the merit-order effect also weakens the investment incentive for the CT and CCGT, as documented by the simulation study of Traber and Kemfert (2011) for Germany, the regression analyses of Woo et al. (2012, 2015a) for Texas and California, and the descriptive assessment…”
Cross-Country Electricity Trade, Renewable Energy and European Transmission Infrastructure Policy (2016, unknown): “Table 3 displays technology characteristics (heat efficiencies, variable operation and maintenance costs (VO&M), and ramping cost specifications) which are adopted from Schröder et al. (2013) and Traber and Kemfert (2011).”