Renewables diffusion and contagion effect in Italian regional electricity markets: Assessment and policy implications

Simona Bigerna (), Carlo Andrea Bollino (), Davide Ciferri and Paolo Polinori

Renewable and Sustainable Energy Reviews, 2017, vol. 68, issue P1, 199-211

Abstract: In the electricity market, sudden price jumps occur more frequently than in other markets due to the peculiarity of electricity. Furthermore, the structural spot characteristics of the electricity market determine high price variability. All these characteristics have been accentuated by the dramatic increase of renewable energy supply in Italy starting in 2010. These features suggest the possibility of contagion effects across Italian regional electricity markets, considering contagion such as a sudden and significant increase in cross-market links arising from a shock to a specific market.

Keywords: Electricity market; Renewable energy; Contagion; Interdependence; Italian power exchange (search for similar items in EconPapers)
Date: 2017
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DOI: 10.1016/j.rser.2016.09.119

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