 The impact of wind power generation on the electricity price in GermanyEnergy Economics, 2014, vol. 44, issue C, 270-280 Abstract: This paper investigates the relationship between intermittent wind power generation and electricity price behaviour in Germany. Using a GARCH model, I evaluate the effect of wind electricity generation on the level and the volatility of the electricity price in an integrated approach. The results show that variable wind power reduces the price level but increases its volatility. This paper's results also indicate that regulatory change has stabilised the wholesale price. The electricity price volatility has decreased in Germany after a modification of the marketing mechanism of renewable electricity. This gives confidence that further adjustments to regulation and policy may foster a better integration of renewables into the power system. Keywords: Renewable energy sources; Intermittency; Electricity price modelling; GARCH (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:44:y:2014:i:c:p:270-280 DOI: 10.1016/j.eneco.2014.04.003 Access Statistics for this article Energy Economics is currently edited by R. S. J. Tol, Beng Ang, Lance Bachmeier, Perry Sadorsky, Ugur Soytas and J. P. Weyant More articles in Energy Economics from Elsevier |
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