气候变化领域集成服务门户(CCPortal): The effects of high penetrations of renewable energy sources in cycles for electricity markets: An experimental analysis

CCPortal

DOI	10.1016/j.enpol.2022.113014
	The effects of high penetrations of renewable energy sources in cycles for electricity markets: An experimental analysis
	Arias-Gaviria J.; Arango-Aramburo S.; Lamadrid L A.J.
发表日期	2022
ISSN	0301-4215
卷号	166
英文摘要	Long-term capacity cycles in electricity markets are a challenge to policy makers, bringing instability in energy prices, and jeopardizing security of supply. There is evidence of capacity cycles in electricity markets using conventional technologies from empirical data, experimental work and simulation studies. In this article we study the effects of the availability of new technologies on the investment cycles observed, using economic experiments performed in a laboratory setting. We consider the decision making process with a new technology that has shorter construction delays, shorter lifetime and an alternative cost structure, compared to the conventional technologies previously studied. Our experimental design follows the current trends to de-carbonize electricity production by introducing variable renewable energy sources (VRES) as part of the generation portfolio. We find that the introduction of VRES does not dampen the capacity oscillations observed. In fact, the shorter delays in construction and technology lifetimes create shorter, more frequent cycles. We provide recommendations to manage the increased cyclical nature in the transition to a low carbon economy. © 2022 Elsevier Ltd
英文关键词	Capacity cycles; Experiments; Renewable energy; System dynamics
语种	英语
scopus关键词	Costs; Decision making; Investments; Natural resources; Power markets; Capacity cycle; Empirical data; Energy prices; Experimental analysis; Policy makers; Renewable energies; Renewable energy source; Security of supply; Variable renewable energies; Work study; Renewable energy resources
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/256184
作者单位	Decision Science Group, Universidad Nacional de Colombia, Sede Medellin, Colombia; System Dynamics Group, Massachusetts Institute of Technology MIT, United States; Lehigh University, 451 Rauch Business Center, Bethlehem, PA 18015, United States
推荐引用方式 GB/T 7714	Arias-Gaviria J.,Arango-Aramburo S.,Lamadrid L A.J.. The effects of high penetrations of renewable energy sources in cycles for electricity markets: An experimental analysis[J],2022,166.
APA	Arias-Gaviria J.,Arango-Aramburo S.,&Lamadrid L A.J..(2022).The effects of high penetrations of renewable energy sources in cycles for electricity markets: An experimental analysis.Energy Policy,166.
MLA	Arias-Gaviria J.,et al."The effects of high penetrations of renewable energy sources in cycles for electricity markets: An experimental analysis".Energy Policy 166(2022).