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Time of day pricing and the levelized cost of intermittent power generation
Reichelstein, Stefan
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Sahoo, Anshuman
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URL:
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https://corporate-sustainability.org/wp-content/up...
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Weitere URL:
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https://www.gsb.stanford.edu/faculty-research/work...
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Dokumenttyp:
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Arbeitspapier
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Erscheinungsjahr:
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2013
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Titel einer Zeitschrift oder einer Reihe:
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Working Papers
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Band/Volume:
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3067
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Ort der Veröffentlichung:
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Stanford, CA
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Verlag:
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Stanford Graduate School of Business
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ISSN:
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1869-0483 , 1869-0491
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Sprache der Veröffentlichung:
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Englisch
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Einrichtung:
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Fakultät für Betriebswirtschaftslehre > Stiftungsprofessur für ABWL (Reichelstein 2018-)
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Fachgebiet:
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330 Wirtschaft
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Abstract:
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An important characteristic of renewable energy sources, in particular solar and wind power,
is the inherent variability in their pattern of electricity generation. These variations comprise
both intra-day and seasonal fluctuations. Yet, the intermittency of renewable energy is usu-
ally ignored in life-cycle cost calculations that seek to asses the competitiveness of renewable
energy in comparison to electric power derived from fossil fuels. We demonstrate that a
traditional life-cycle cost calculation must be appended by a correction factor which we term
the
Co-Variation
coefficient. It captures any synergies, or complementarities, between the
temporal pattern of how power is generated and how it is priced. We estimate the magnitude
of the Co-Variation coefficient for several specific settings in the Western U.S. Our estimates
indicate that solar photovoltaic (PV) power is between 10-15% less expensive than average
life-cycle cost analyses have suggested. In contrast, the intermittency pattern of wind power
exhibits complementarities with electricity pricing schedules, resulting in a cost assessment
that is about 5-10% above that suggested by traditional calculations.
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Zusätzliche Informationen:
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Anderer Titel: Time of use pricing and the levelized cost of intermittent power generation
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 | Dieser Datensatz wurde nicht während einer Tätigkeit an der Universität Mannheim veröffentlicht, dies ist eine Externe Publikation. |
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