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Intermittent versus dispatchable power
sources: An integrated competitive
assessment
Glenk, Gunther
;
Reichelstein, Stefan
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URL:
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https://madoc.bib.uni-mannheim.de/60104
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Weitere URL:
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https://papers.ssrn.com/sol3/papers.cfm?abstract_i...
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URN:
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urn:nbn:de:bsz:180-madoc-601040
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Dokumenttyp:
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Arbeitspapier
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Erscheinungsjahr:
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2021
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Titel einer Zeitschrift oder einer Reihe:
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TRR 266 Accounting for Transparency Working Papers Series
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Band/Volume:
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58
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Ort der Veröffentlichung:
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Mannheim
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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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Lizenz:
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Creative Commons Namensnennung 4.0 International (CC BY 4.0)
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Fachgebiet:
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330 Wirtschaft
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Fachklassifikation:
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JEL:
M1 , O33 , Q41 , Q42 , Q48 , Q54 , Q55,
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Freie Schlagwörter (Englisch):
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renewable energy , intermittency , dispatchable power , levelized cost , profit margins
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Abstract:
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The cost and revenue earnings potential of alternative power generation sources has shifted
considerably in recent years. Here we introduce the concept of Levelized Profit Margins (LPM) to capture the changing unit economics of both intermittent and dispatchable generation
technologies. We apply this framework in the context of the California and Texas wholesale power markets. Our LPM estimates indicate that solar photovoltaic and wind power have both substantially improved their competitive position over the years 2012 - 2019, primarily due to falling life-cycle costs of production. In California, these gains far outweigh an emerging "cannibalization" trend that results from substantial additions of solar power having made energy less valuable in the middle of the day. We also and the competitiveness of natural gas power plants to have either improved or held steady. For this generation technology, declining capacity utilization rates have electively been counterbalanced by a "dispatchability price premium" that reects the growing market share of intermittent renewables.
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Zusätzliche Informationen:
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Online-Ressource
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 | Dieser Eintrag ist Teil der Universitätsbibliographie. |
 | Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt. |
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