{"title":"Intermittency and uncertainty in wind and solar energy: Impacts on the French electricity market","authors":"Maurice K. Ekoue, Matt Woerman, Cédric Clastres","doi":"10.1016/j.eneco.2024.108176","DOIUrl":null,"url":null,"abstract":"Renewable energy technologies are critical to reducing greenhouse gas emissions from the electricity sector. However, intermittency and uncertainty of renewable energy sources create challenges for the operation of electricity grids and markets. We analyze the impacts of intermittency and uncertainty from wind and solar energy in a novel setting: the French electricity market. We find that these characteristics affect the intraday wholesale electricity price in unique ways. Moreover, market-specific characteristics, including interconnections with neighboring markets and the conventional generation mix, impact the magnitude of these price effects.","PeriodicalId":11665,"journal":{"name":"Energy Economics","volume":"56 1","pages":""},"PeriodicalIF":13.6000,"publicationDate":"2025-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Energy Economics","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1016/j.eneco.2024.108176","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
Renewable energy technologies are critical to reducing greenhouse gas emissions from the electricity sector. However, intermittency and uncertainty of renewable energy sources create challenges for the operation of electricity grids and markets. We analyze the impacts of intermittency and uncertainty from wind and solar energy in a novel setting: the French electricity market. We find that these characteristics affect the intraday wholesale electricity price in unique ways. Moreover, market-specific characteristics, including interconnections with neighboring markets and the conventional generation mix, impact the magnitude of these price effects.
期刊介绍:
Energy Economics is a field journal that focuses on energy economics and energy finance. It covers various themes including the exploitation, conversion, and use of energy, markets for energy commodities and derivatives, regulation and taxation, forecasting, environment and climate, international trade, development, and monetary policy. The journal welcomes contributions that utilize diverse methods such as experiments, surveys, econometrics, decomposition, simulation models, equilibrium models, optimization models, and analytical models. It publishes a combination of papers employing different methods to explore a wide range of topics. The journal's replication policy encourages the submission of replication studies, wherein researchers reproduce and extend the key results of original studies while explaining any differences. Energy Economics is indexed and abstracted in several databases including Environmental Abstracts, Fuel and Energy Abstracts, Social Sciences Citation Index, GEOBASE, Social & Behavioral Sciences, Journal of Economic Literature, INSPEC, and more.