Details

Autor(en) / Beteiligte

• Paraschiv, Florentina
• Erni, David
• Pietsch, Ralf

Titel

The impact of renewable energies on EEX day-ahead electricity prices

Ist Teil von

• Energy policy, 2014-10, Vol.73, p.196-210

Ort / Verlag

Kidlington: Elsevier Ltd

Erscheinungsjahr

2014

Quelle

PAIS Index

Beschreibungen/Notizen

• In this paper, we analyze the impact of renewable energies, wind and photovoltaic, on the formation of day-ahead electricity prices at EEX. We give an overview of the policy decisions concerning the promotion of renewable energy sources in Germany and discuss their consequences on day-ahead prices. An analysis of electricity spot prices reveals that the introduction of renewable energies enhances extreme price changes. In the frame of a dynamic fundamental model, we show that there has been a continuous electricity price adaption process to market fundamentals. Furthermore, the fundamental drivers of prices differ among hours with different load profiles. Our results imply that renewable energies decrease market spot prices and have implications on the traditional fuel mix for electricity production. However, the prices for the final consumers increased overall because they must pay in addition the feed-in tariffs for the promotion of renewable energy. •We analyze the impact of renewable energies on the day-ahead electricity prices at EEX.•We discuss the impact of renewables on day-ahead prices.•We show a continuous electricity price adaption process to market fundamentals.•Renewable energies decrease market spot prices and shift the merit order curve.•The prices for the final consumers however increased because of feed-in tariffs.