Impact of solar production on Czech electricity grid system imbalance

Karel Janda and Ladislav Tuma

MPRA Paper from University Library of Munich, Germany

Abstract: We consider the electricity grid imbalance settlement mechanism in the Czech Republic. We focus on the influence of photovoltaic electricity on the behavior of the system imbalance in this mechanism. Out of the family of GARCH models, we use TARCH model, which allows different behavior if the residual are negative, to model the asymmetric effect of positive or negative electricity system imbalance. Our results show that the introduction of photovoltaics has substantial effect on the Czech electricity system imbalance, leading to positive system imbalance. The influence of photovoltaics on the volatility of the Czech electricity system imbalance is statistically significant, but it is not substantial in economic terms.

Keywords: solar; photovoltaics; electricity; system imbalance (search for similar items in EconPapers)
JEL-codes: Q4 Q41 Q42 Q47 (search for similar items in EconPapers)
Date: 2016-11-03
New Economics Papers: this item is included in nep-ene and nep-eur
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/74883/1/MPRA_paper_74883.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:74883

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().