Negative market prices on power exchanges: Evidence and policy implications from Germany

被引：26

作者：

Aust, Benjamin ^{[1
]}

Horsch, Andreas ^{[1
]}

机构：

[1] Faculty of Economics, Technical University of Freiberg, Schlossplatz 1, Freiberg,09599, Germany

来源：

Electricity Journal | 2020年 / 33卷 / 03期

关键词：

Commerce - Public policy;

D O I：

10.1016/j.tej.2020.106716

中图分类号：

学科分类号：

摘要：

While Germany is home to the largest energy exchange in Europe, negative market prices still represent an unusual and serious phenomenon. In this paper, drivers of negative energy prices in Germany are investigated. Running multiple logit regressions for detecting price indicators, a period of hourly-based data will be examined. Further, qualitative arguments and foremost energy policy need to be taken into account for explaining the phenomenon, and for the drawing of economic and political conclusions. © 2020 Elsevier Inc.

引用