Retrospective modeling of the merit-order effect on wholesale electricity prices from distributed photovoltaic generation in the Australian National Electricity Market

Estimating the value of electricity storage in an energy-only wholesale market

“…Increasing penetration of variable renewable energy will impact the arbitrage opportunity, due to the merit order effect. In times of high output, depression of wholesale prices [32][33][34], will likely increase the arbitrage opportunities in the below $300 price range, further increasing the competitive advantage and value of storage, beyond the capacity value.…”

A review of policy drivers and barriers for the use of anaerobic digestion in Europe, the United States and Australia

“…A modeling exercise for Australian conditions also found that wholesale electricity prices can be significantly reduced through merit-order interactions. This implies that FiT schemes may well be cost-neutral or even save consumers money [67]. Critically, this research has been validated in Australian government modeling as part of the RET review [68].…”

The market value and impact of offshore wind on the electricity spot market: Evidence from Germany

“…For example, the authors of [23] examined the price effect on the Iberian day-ahead market by applying a long-term system dynamics based model. In [24] a agent-based simulation platform enabled a detailed analysis of the price change caused by renewable energy in Germany and the authors of [25] developed a price demand dispatch model for the Australian National Electricity Market. Another interesting methodology is described in [26,27], where an artificial intelligence-based technique (M5P algorithm) was employed in order to quantify the merit order effect in Spain.…”