Integration of non-conventional renewable energy and spot price of electricity: A counterfactual analysis for Colombia

被引：32
|
作者：
Perez, Alex [1 ]
Garcia-Rendon, John J. [2 ]
机构：
[1] Univ EAFIT, Dept Econ, Medellin, Colombia
[2] Univ EAFIT, Res Grp Econ Firm, Dept Econ, Medellin 3300, Colombia
来源：
RENEWABLE ENERGY | 2021年 / 167卷
关键词：
Non-conventional renewable energies; Spot price of electricity; Electricity wholesale market; ENVIRONMENTAL BENEFITS; GENERATION; WIND; POLICY; FLEXIBILITY; PENETRATION; DIFFUSION; AUCTIONS; IMPACT;
D O I：
10.1016/j.renene.2020.11.067
中图分类号：
X [环境科学、安全科学];
学科分类号：
08 ; 0830 ;
摘要：
Energy transition is prevalent nowadays, and Colombia is no exception to this phenomenon. Energy coming from non-conventional renewable resources is one of the main feature of this phenomenon. Consequently, this paper evaluates the impact of this new kind of renewable energy resource in the Colombian wholesale electricity market. This evaluation uses a counterfactual scenario based on a structural model of an energy firm's behavior that offers 1000 MW in 2018. Our results suggest that the spot price decreases on average 12.75 COP$/kWh (4.31 US$/MWh) per day. We find that 6.75 COP$/kWh (2.28 US$/MWh) is due to the firms' strategies, and 6 COP$/kWh (2.03 US$/MWh) is a merit order effect. (c) 2020 Elsevier Ltd. All rights reserved.
引用
收藏
页码：146 / 161
页数：16
相关论文
共 50 条
  • [31] Extensible Electricity System Model for High Penetration Rate Renewable Integration Impact Analysis
    Pearre, Nathaniel S.
    Swan, Lukas G.
    JOURNAL OF ENERGY ENGINEERING, 2014, 140 (01)
  • [32] Review on bidding strategies for renewable energy power producers participating in electricity spot markets
    Peng, Feixiang
    Zhang, Wenlong
    Zhou, Wei
    Tao, Jun
    Sun, Hui
    Hu, Shubo
    Lyu, Quan
    Wang, Yuying
    Fan, Xuanxuan
    SUSTAINABLE ENERGY TECHNOLOGIES AND ASSESSMENTS, 2023, 58
  • [33] Transmission Expansion Planning for the Optimization of Renewable Energy Integration in the Sulawesi Electricity System
    Tumiran
    Putranto, Lesnanto Multa
    Irnawan, Roni
    Sarjiya
    Priyanto, Adi
    Isnandar, Suroso
    Savitri, Ira
    SUSTAINABILITY, 2021, 13 (18)
  • [34] Assessing the renewable energy policy paradox: A scenario analysis for the Italian electricity market
    Cieplinski, A.
    D'Alessandro, S.
    Marghella, F.
    RENEWABLE & SUSTAINABLE ENERGY REVIEWS, 2021, 142
  • [35] Study on the electricity spot market trading mechanism considering the proportion of renewable energy consumption quota
    Yang, Yujian
    Jiang, Yuewen
    JOURNAL OF RENEWABLE AND SUSTAINABLE ENERGY, 2023, 15 (04)
  • [36] Comparative Energy Analysis of Renewable Electricity and Carbon Capture and Storage
    Fennell, Paul S.
    JOULE, 2019, 3 (06) : 1406 - 1408
  • [37] Risk analysis of Levelized Cost of Electricity to Renewable Energy in Brazil
    Pinheiro Neto, Daywes
    Domingues, Elder Geraldo
    Pinto, Luane Schiochet
    2018 IEEE INTERNATIONAL CONFERENCE ON ENVIRONMENT AND ELECTRICAL ENGINEERING AND 2018 IEEE INDUSTRIAL AND COMMERCIAL POWER SYSTEMS EUROPE (EEEIC / I&CPS EUROPE), 2018,
  • [38] Proteomic analysis of Rhodotorula mucilaginosa: dealing with the issues of a non-conventional yeast
    Addis, Maria Filippa
    Tanca, Alessandro
    Landolfo, Sara
    Abbondio, Marcello
    Cutzu, Raffaela
    Biosa, Grazia
    Pagnozzi, Daniela
    Uzzau, Sergio
    Mannazzu, Ilaria
    YEAST, 2016, 33 (08) : 433 - 449
  • [39] Locational (In)Efficiency of Renewable Energy Feed-In Into the Electricity Grid: A Spatial Regression Analysis
    Hoefer, Tim
    Madlener, Reinhard
    ENERGY JOURNAL, 2021, 42 (01) : 171 - 195
  • [40] The impact of variable renewable energy technologies on electricity markets: An analysis of the Turkish balancing market
    Sirin, Selahattin Murat
    Yilmaz, Berna N.
    ENERGY POLICY, 2021, 151
12345