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Revisiting long-run relations in power markets with high RES penetration

Author

Listed:
  • Gianfreda, Angelica
  • Parisio, Lucia
  • Pelagatti, Matteo

Abstract

Electricity generation from renewable energy resources (RES) has become increasingly significant to reach EU and emissions reduction targets. At the same time, one of the main EU policy goals has been the creation of a common internal energy market for Europe. In this paper, we focus on these two issues previously studied separately, considering their possible interactions. We first analyze the long-run relationship between day-ahead electricity prices and fuel prices (natural gas and coal) looking at two samples of years characterized by low and high RES penetration, then we explore the integration of EU markets.

Suggested Citation

  • Gianfreda, Angelica & Parisio, Lucia & Pelagatti, Matteo, 2016. "Revisiting long-run relations in power markets with high RES penetration," Energy Policy, Elsevier, vol. 94(C), pages 432-445.
    • Handle: RePEc:eee:enepol:v:94:y:2016:i:c:p:432-445
    DOI: 10.1016/j.enpol.2016.02.006
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