The impact of variable renewable energy (VRE) sources on an electricity system depends
on technological characteristics, demand, regulatory practices and renewable resources …

Many countries around the world have increased their renewable installed capacity due to a
greater awareness of climate concerns. Under this new framework, with renewables being …

In this paper, a novel modeling framework for forecasting electricity prices is proposed.
While many predictive models have been already proposed to perform this task, the area of …

This paper provides a comprehensive discussion of the market value of variable renewable
energy (VRE). The inherent variability of wind speeds and solar radiation affects the price …

Ageing is a fact of life. Just as with conventional forms of power generation, the energy
produced by a wind farm gradually decreases over its lifetime, perhaps due to falling …

This paper investigates the relationship between intermittent wind power generation and
electricity price behaviour in Germany. Using a GARCH model, I evaluate the effect of wind …

Decarbonizing the energy supply by substituting fossil fuels with renewable energy sources
(RES) is a key task for the coming decades in order to achieve the EU's ambitious climate …

Economic theory predicts that the increase of renewable electricity production should reduce
the price of electricity in the short-run, which is also known as the 'merit-order effect' …

The literature on renewable energy suggests that an increase in intermittent wind generation
would reduce the spot electricity market price by displacing high fuel-cost marginal …

Although variable renewable energy (VRE) technologies with zero marginal costs decrease
electricity prices, the literature is inconclusive about how the resulting shift in the supply …