2014
DOI: 10.1016/j.energy.2013.11.003
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Renewable energies impacting the optimal generation mix: The case of the Iberian Electricity Market

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Cited by 28 publications
(12 citation statements)
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“…Finally, it is worth for future work proposing policy modifications to the current auction mechanisms, stressing that the comparison of different technologies under a LCOE basis only is becoming less and less compatible with electric power systems' needs, due to the increasing penetration of variable renewable energies, like wind power and PV (Hirth et al, 2015;Hirth 2013;Lamont, 2008;MacCormack et al, 2010;Mendes and Soares, 2014;Narbel, 2014;Reichelstein and Sahoo, 2015;Ueckerdt et al, 2013). Thus, future work should investigate how could be valued the firm capacity and ancillary services provided by CSP plants to the grid.…”
Section: Final Remarks and Policy Implicationsmentioning
confidence: 96%
“…Finally, it is worth for future work proposing policy modifications to the current auction mechanisms, stressing that the comparison of different technologies under a LCOE basis only is becoming less and less compatible with electric power systems' needs, due to the increasing penetration of variable renewable energies, like wind power and PV (Hirth et al, 2015;Hirth 2013;Lamont, 2008;MacCormack et al, 2010;Mendes and Soares, 2014;Narbel, 2014;Reichelstein and Sahoo, 2015;Ueckerdt et al, 2013). Thus, future work should investigate how could be valued the firm capacity and ancillary services provided by CSP plants to the grid.…”
Section: Final Remarks and Policy Implicationsmentioning
confidence: 96%
“…This process was conducted with the purpose of increasing the competition in this sector, leading to a decrease in energy prices. In the future, EM prices are expected to be more volatile, depending on the renewable based generation, especially wind and solar [4].…”
Section: Introductionmentioning
confidence: 99%
“…The economic impacts of large shares of renewables have been studied in equilibrium settings, without including demand response (e.g. for Southern [66,67] and Central European markets [68,69]). Some studies take into account demand response and renewables but limit analysis to a local grid [70], apply a static market setting [71][72][73], or derive short-term equilibria [39][40][41].…”
Section: Introductionmentioning
confidence: 99%