Photovoltaics and the Slovak Electricity Market

Karel Janda and Michaela Koscova ()
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Michaela Koscova: Institute of Economic Studies, Faculty of Social Sciences, Charles University in Prague, Smetanovo nabrezi 6, 111 01 Prague 1, Czech Republic

No 2018/02, Working Papers IES from Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies

Abstract: This paper analyses Slovak electricity market with a focus on photovoltaic energy. It evaluates the impact of the solar energy penetration into energy mix on spot prices, seeks evidence of the merit order effect in the Slovak electricity market and quantifies it based on hourly data. The multivariate regression analysis covers the period 2011-2016. The rather small merit order effect estimated by an OLS time series model leads to the small decrease of Slovak electricity wholesale prices. This spot price reduction attributable to the photovoltaics does not outweigh the costs of the support scheme borne by end users what implies a consumer loss.

Keywords: Slovakia; Photovoltaics; Energy policy; Merit order effect (search for similar items in EconPapers)
JEL-codes: H23 M21 Q42 (search for similar items in EconPapers)
Pages: 37 pages
Date: 2018-01, Revised 2018-01
New Economics Papers: this item is included in nep-ene, nep-eur and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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