气候变化领域集成服务门户(CCPortal): Variable renewable energy technologies in the Turkish electricity market: Quantile regression analysis of the merit-order effect

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DOI	10.1016/j.enpol.2020.111660
	Variable renewable energy technologies in the Turkish electricity market: Quantile regression analysis of the merit-order effect
	Sirin S.M.; Yilmaz B.N.
发表日期	2020
ISSN	03014215
卷号	144
英文摘要	The share of variable renewable energy sources in power supply has increased significantly in many countries; however, this increase has also created problems in electricity markets. While the average day-ahead market price has declined in several markets (the merit-order effect), the remuneration mechanisms in some countries have to be revised due to the surge in financial costs. Yet, further research is needed to understand the implications of the merit-order effect for remuneration mechanisms thoroughly. Accordingly, this study aims to contribute to the literature through employing a quantile regression model to analyze the merit-order effect and discuss its implications for the remuneration mechanism in Turkish electricity market. Model results show significant negative merit-order effect for both wind and run-of-river hydro technologies; however, this effect varies with respect to demand, price level and technology. Moreover, the contribution of these technologies to the total welfare in the Turkish electricity market does not favor fixed-price payments. In conclusion, it is recommended that the remuneration mechanism is revised to include the temporal value of variable renewable energy sources and electricity market design should reflect the locational value of variable renewable energy sources in Turkey. © 2020 Elsevier Ltd
关键词	Merit-order effect Quantile regression Renewable Turkey
英文关键词	Electric industry; Electric power systems; Natural resources; Regression analysis; Renewable energy resources; Day ahead market; Electricity market design; Financial costs; Hydro-technology; Ordering effects; Quantile regression; Temporal values; Variable renewable energies; Power markets; alternative energy; electricity supply; hydroelectric power; numerical model; regression analysis; renewable resource; wind power; Turkey
语种	英语
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/204865
作者单位	Ivey Business School, 1255 Western Road, London, ON, Canada; Middle East Technical University, Department of Business Administration, Ankara, 06531, Turkey
推荐引用方式 GB/T 7714	Sirin S.M.,Yilmaz B.N.. Variable renewable energy technologies in the Turkish electricity market: Quantile regression analysis of the merit-order effect[J],2020,144.
APA	Sirin S.M.,&Yilmaz B.N..(2020).Variable renewable energy technologies in the Turkish electricity market: Quantile regression analysis of the merit-order effect.Energy Policy,144.
MLA	Sirin S.M.,et al."Variable renewable energy technologies in the Turkish electricity market: Quantile regression analysis of the merit-order effect".Energy Policy 144(2020).