Composition of Electricity Generation Portfolios, Pivotal Dynamics and Market Prices
Composition of Electricity Generation Portfolios, Pivotal Dynamics and Market Prices
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DOI：
10.2139/ssrn.1124825
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发表时间：
2007-11
期刊：
影响因子：
--
通讯作者：
Albert Banal-Estañol;A. R. Micola
中科院分区：
文献类型：
--
作者：
Albert Banal-Estañol;A. R. Micola
我们使用模拟来研究发电组合的多样化如何影响批发价格。我们发现，技术多样化和市场价格之间的关系是由供求比介导的。在每一种需求情况下，都有一个关键动态变化的阈值。阈值前后的市场动态是多元化对市场价格影响的非线性的原因。研究结果对主要市场假设的变化具有稳健性。
We use simulations to study how the diversification of electricity generation portfolios influences wholesale prices. We find that the relationship between technological diversification and market prices is mediated by the supply-to-demand ratio. In each demand case there is a threshold where pivotal dynamics change. Pivotal dynamics pre-and post-threshold are the cause of nonlinearities in the influence of diversification on market prices. The findings are robust to changes in the main market assumptions.