Getting prices right in structural electricity market models

K.R. Ward, Richard Green and Iain Staffell

Energy Policy, 2019, vol. 129, issue C, 1190-1206

Abstract: Electricity market models are widely employed to study the role, impacts and economic viability of new technologies. Sources of arbitrage, such as storage and transmission, are increasingly seen as essential for integrating higher shares of variable renewables. Understanding their operation and business case requires models which accurately represent time-series of wholesale electricity prices.

Keywords: Electricity; Power systems models; Electricity market models; Electricity prices; Energy storage; Transparency (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (20)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:129:y:2019:i:c:p:1190-1206

DOI: 10.1016/j.enpol.2019.01.077

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