气候变化领域集成服务门户(CCPortal): The impact of variable renewable energy technologies on electricity markets: An analysis of the Turkish balancing market

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DOI	10.1016/j.enpol.2020.112093
	The impact of variable renewable energy technologies on electricity markets: An analysis of the Turkish balancing market
	Sirin S.M.; Yilmaz B.N.
发表日期	2021
ISSN	03014215
卷号	151
英文摘要	As global investment in renewable energy technologies continue to trend upward, the effects of variable (intermittent) renewable energy technologies on power markets have created serious challenges for regulators and policymakers. The literature on the effects of these technologies on day-ahead markets has been well established; however, further research is required on intra-day and real-time (balancing) markets to understand how these technologies are changing electricity market dynamics. In this respect, this study aims to assess the effects of the variable renewable energy technologies (wind and run-of-river hydro) on Turkish balancing market prices using quantile regression. In addition, ordered logistic regression is used to evaluate how system imbalances are changing as a result of these technologies. Model results show that system marginal price declines as variable renewable energy generation increases. Moreover, there is a higher probability of positive imbalance as the positive difference between real-time and projected variable renewable energy generation increases. Overall, an increase in variable renewable energy generation implies lower prices, but higher positive imbalances for the system. Hence, we recommend that Turkey should revise its current market design to incorporate the geographical and temporal generation characteristics of these technologies. © 2021 Elsevier Ltd
关键词	Balancing market Quantile regression Turkey Variable energy sources Wind
英文关键词	Costs; Investments; Logistic regression; Renewable energy resources; Balancing market; Day ahead market; Global investments; Model results; Quantile regression; Renewable energy technologies; System marginal price; Variable renewable energies; Power markets; alternative energy; electricity supply; energy market; energy resource; regression analysis; wind power; Turkey; Meleagris gallopavo
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/205347
作者单位	Ivey Business School, 1255 Western Rd, London, ON, Canada; Middle East Technical University, Universiteler Mahallesi, Dumlupinar Bulvari No:1 Cankaya, Ankara, Turkey
推荐引用方式 GB/T 7714	Sirin S.M.,Yilmaz B.N.. The impact of variable renewable energy technologies on electricity markets: An analysis of the Turkish balancing market[J],2021,151.
APA	Sirin S.M.,&Yilmaz B.N..(2021).The impact of variable renewable energy technologies on electricity markets: An analysis of the Turkish balancing market.Energy Policy,151.
MLA	Sirin S.M.,et al."The impact of variable renewable energy technologies on electricity markets: An analysis of the Turkish balancing market".Energy Policy 151(2021).