Opened Access The Merit-Order Effect of Energy Efficiency

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Autor: Roldán Fernández, Juan Manuel
Burgos Payán, Manuel
Riquelme Santos, Jesús Manuel
Trigo García, Ángel Luis
Departamento: Universidad de Sevilla. Departamento de Ingeniería Eléctrica
Fecha: 2016
Publicado en: Energy procedia, 106, 175-184.
Tipo de documento: Artículo
Resumen: The integration of certain amount of renewable generation in the wholesale market right-shifted the merit-order generation curve, which produces a noticeable reduction of the clearing price while slightly increases the traded energy (almost inelastic demand curve). The downward pressure on the clearing price is mainly due to the fact that the introduction of renewable generation bids with very low (even null) marginal cost, displaces to the right all kinds of conventional technologies (with higher marginal cost), including the technology which would otherwise have set the clearing market price. This right-shifted displacement of the merit-order generation curve leads to a lower wholesale clearing price, a small increment of the traded energy and a reduction of the total cost of the traded energy in the wholesale market. This is the key mechanism and its main effects on the market of the very well-known meritorder effect of the renewables. The promotion of energy-efficiency pla...
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Cita: Roldán Fernández, J.M., Burgos Payán, M., Riquelme Santos, J.M. y Trigo García, Á.L. (2016). The Merit-Order Effect of Energy Efficiency. Energy procedia, 106, 175-184.
Tamaño: 306.4Kb
Formato: PDF

URI: https://hdl.handle.net/11441/69497

DOI: 10.1016/j.egypro.2016.12.114

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