Evaluation of the Administrative Phase-Out of Coal Power Plants on the Italian Electricity Market

Michele Fiorelli, Dogan Keles, Francesco Montana, Giovanni Lorenzo Restifo, Eleonora Riva Sanseverino and Gaetano Zizzo
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Michele Fiorelli: EP Produzione, 00187 Rome, Italy
Dogan Keles: Institute for Industrial Production, Karlsruhe Institute of Technology, 76131 Karlsruhe, Germany
Francesco Montana: Department of Engineering, University of Palermo, 90133 Palermo, Italy
Giovanni Lorenzo Restifo: Department of Engineering, University of Palermo, 90133 Palermo, Italy
Eleonora Riva Sanseverino: Department of Engineering, University of Palermo, 90133 Palermo, Italy
Gaetano Zizzo: Department of Engineering, University of Palermo, 90133 Palermo, Italy

Energies, 2020, vol. 13, issue 18, 1-24

Abstract: Although decarbonisation is one of the most important macro-trends of this century, electricity generation from coal power plants is still broadly common. The main goal of this study is to evaluate the impact of a premature coal power plants phase-out on the Italian day-ahead electricity market. For this purpose, two electricity price forecasts, related to different scenarios between 2019 and 2030, and two different hypotheses for the creation of electricity spot price, were compared. The results from the different scenarios show that coal power plants phase-out determines a small variation in electricity price when bid-up is not considered; instead, when operators’ bid-up is included in the study, the price variation becomes relevant.

Keywords: coal phase-out; decarbonisation; generation adequacy; optimization model and simulation; price analysis; electricity price; Italy (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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