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Accessing The Effect Of Renewables On The Wholesale Power Market, Mohammad Nure Alam
Accessing The Effect Of Renewables On The Wholesale Power Market, Mohammad Nure Alam
Research outputs 2014 to 2021
© 2021, Econjournals. All rights reserved. The purpose of this paper is to examine how rising wind energy generation (in MWh) impact the wholesale power market’s volatility (in SEK) across four bidding regions in Sweden. Prior investigations show that though the increase in electricity production from wind energy lowers the average day-ahead electricity wholesale prices, however, uncertainty and volatility of market price could rise due to wind energy’s intermittent nature. This study results show that Swedish power market experiences higher price volatility in long-run frequency when the generation of wind electricity increases. The reason for this high and volatile electricity …