Merit-order of dispatchable and variable renewable energy sources in Turkey's day-ahead electricity market

IF 3.8 3区经济学 Q3 ENERGY & FUELS

Utilities Policy Pub Date : 2024-05-02 DOI:10.1016/j.jup.2024.101758

Fazıl Gökgöz, Öykü Yücel

引用次数: 0

Abstract

This study employs linear and non-linear quantile regression models to assess the merit-order effect (MOE) of integrating renewable energy sources (RESs) into the Turkish day-ahead electricity market. The analysis spans nine different quantiles from January 2019 to December 2022. Our results show that both dispatchable and variable renewable energy sources (VREs) are essential for reducing market clearing prices (MCPs) in the Turkish day-ahead market. However, they have different impacts on quantiles of MCPs and price variability. VREs enhances the price variability across all hours in linear and non-linear models, while dispatchable renewable energy reduces price variability except at night.

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土耳其日前电力市场中可调度和可变可再生能源的优劣排序

本研究采用线性和非线性量化回归模型来评估将可再生能源（RES）纳入土耳其日前电力市场的绩优阶梯效应（MOE）。分析时间跨度为 2019 年 1 月至 2022 年 12 月的九个不同量级。我们的结果表明，可调度可再生能源和可变可再生能源对于降低土耳其日前市场的市场清算价格（MCP）至关重要。但是，它们对 MCPs 的数量级和价格变异性有不同的影响。在线性和非线性模型中，可变可再生能源提高了所有时段的价格变化率，而可调度可再生能源则降低了除夜间以外的价格变化率。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Utilities Policy ENERGY & FUELS-ENVIRONMENTAL SCIENCES

CiteScore

6.80

自引率

10.00%

发文量

审稿时长

66 days

期刊介绍： Utilities Policy is deliberately international, interdisciplinary, and intersectoral. Articles address utility trends and issues in both developed and developing economies. Authors and reviewers come from various disciplines, including economics, political science, sociology, law, finance, accounting, management, and engineering. Areas of focus include the utility and network industries providing essential electricity, natural gas, water and wastewater, solid waste, communications, broadband, postal, and public transportation services. Utilities Policy invites submissions that apply various quantitative and qualitative methods. Contributions are welcome from both established and emerging scholars as well as accomplished practitioners. Interdisciplinary, comparative, and applied works are encouraged. Submissions to the journal should have a clear focus on governance, performance, and/or analysis of public utilities with an aim toward informing the policymaking process and providing recommendations as appropriate. Relevant topics and issues include but are not limited to industry structures and ownership, market design and dynamics, economic development, resource planning, system modeling, accounting and finance, infrastructure investment, supply and demand efficiency, strategic management and productivity, network operations and integration, supply chains, adaptation and flexibility, service-quality standards, benchmarking and metrics, benefit-cost analysis, behavior and incentives, pricing and demand response, economic and environmental regulation, regulatory performance and impact, restructuring and deregulation, and policy institutions.