Efficient pricing and investment in electricity markets with intermittent resources

被引：76

作者：

Chao, Hung-po ^{[1
]}

机构：

[1] ISO New England, Holyoke, MA 01040 USA

来源：

ENERGY POLICY | 2011年 / 39卷 / 07期

关键词：

Intermittent renewable resources; Electricity pricing and investment; Restructured electricity markets; STOCHASTIC DEMAND; UNCERTAINTY; OUTPUT; RISK; RELIABILITY;

D O I：

10.1016/j.enpol.2011.01.010

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Facing growing technological and environmental challenges, the electricity industry needs effective pricing mechanism to promote efficient risk management and investment decisions. In a restructured electricity market with competitive wholesale prices and traditionally regulated retail rates, however, there are technical and institutional barriers that prevent dynamic pricing with price responsive demand. In regions with limited energy storage capacity, intermittent renewable resources present special challenges. This could adversely affect the effectiveness of public policies causing inefficient investments in energy technologies. In this paper, we present an updated economic model of pricing and investment in restructured electricity market and use the model in a simulation study for an initial assessment of renewable energy strategy and alternative pricing mechanisms. A key objective of the study is to shed light on the policy issues so that effective decisions can be made to improve efficiency. (C) 2011 Elsevier Ltd. All rights reserved.

引用

页码：3945 / 3953

页数：9

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