The merit-order effect: A detailed analysis of the price effect of renewable electricity generation on spot market prices in Germany

By Frank Sensfuß, Mario Ragwitz, M. Genoese. 2008

997 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Electrical and Electronic Engineering

View Paper: https://www.semanticscholar.org/paper/b8bfbc4a581aa2d4dbd875480c5751a6bd8736cf

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. R. Steinert
2. R. B. Swain
3. A. Karimu
4. T. Traber
5. Claudia Kemfert
6. T. Ho
7. Brendan Schneiderman
8. Ignacio J. Pérez-Arriaga

In Electrical and Electronic Engineering

1. Florian Ziel
2. R. Steinert
3. T. Traber
4. A. Karimu
5. R. B. Swain
6. Claudia Kemfert
7. T. Ho
8. M. Rustomji

Citations in the corpus

• Electricity price forecasting using sale and purchase curves: The X-Model (2015, background): “There are many papers (e.g. Sensfuß et al. (2008), McConnell et al. (2013), Cludius et al. (2014), Dillig et al. (2016)) that aim for estimating these effects.”
• A retrospective analysis of benefits and impacts of U.S. renewable portfolio standards (2016, methodology): “RE generation with low marginal costs pushes out the wholesale power supply curve, an impact sometimes referred to as the “merit-order effect” (Sensfuß et al. 2008).”
• A survey on electricity market design: Insights from theory and real-world implementations of capacity remuneration mechanisms (2019, background): “The low generation costs of RES result in decreasing electricity prices—also known as the merit-order effect (Sensfuß et al., 2008).”
• The Market Value of Variable Renewables (2013, neutral): “Jónsson et al. 2010; MacCormack et al., 2010; Munksggard and Morthorst, 2008; Olsina et al., 2007; O'Mahoney and Denny, 2011; Rathmann, 2007; Sáenz de Miera et al., 2008; Sensfuß, 2007; Sensfuß et al., 2008; Unger and Ahlgren, 2005; Woo et al., 2011).”
• Retrospective modeling of the merit-order effect on wholesale electricity prices from distributed photovoltaic generation in the Australian National Electricity Market (2013, background): “We calculate that for 5 GW of capacity, comparable to the present per capita installation of photovoltaics in Germany, the reduction in wholesale prices would have been worth in excess of A$1.8 billion over 2009 and 2010, all other factors being equal.”