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dc.contributor.authorLi, Yuanjing
dc.date.accessioned2015-06-23T08:46:44Z
dc.date.available2015-06-23T08:46:44Z
dc.date.issued2015
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/15247
dc.language.isoesen
dc.subjectWind poweren
dc.subjectday-ahead priceen
dc.subjectvolatilityen
dc.subjectGARCHen
dc.subjectDenmarken
dc.subject.ddc338en
dc.subject.classificationjelC32en
dc.subject.classificationjelL94en
dc.subject.classificationjelL52en
dc.titleQuantifying the impact s of wind power generation in the day-ahead market: The case of Denmarken
dc.typeCommunication / Conférence
dc.description.abstractenThis paper investigates the impacts of intermittent wind power generation in Denmark on the Nordic day-ahead system price and its volatility in the Nord Pool electricity market, by applying an ARMA-GARCH model, accounting for market coupling and the counterbalance effect from hydropower in Norway and Sweden. As a result, we found that wind generation dampens spot prices, consistently with the merit order effect, and also reduces price volatility in the Nordic day-ahead market. The results shed lights on the importance of market coupling and interactions between wind power and hydropower in the Nordic system through cross-border exchanges, which play an essential role in price stabilization. The analysis on intermittency shows that the market signals or the magnitude of price and volatility reductions depend on the initial level of wind generation. Finally, the Danish experience and the Nordic market structure suggest a way out to handle wind intermittency by interplaying with hydropower at the same time relyingon the functioning of an integrated electricity market.en
dc.identifier.citationpages35en
dc.subject.ddclabelEconomie industrielleen
dc.relation.conftitleAFSE 2015 64th Congressen
dc.relation.confdate2015-06
dc.relation.confcityRennesen
dc.relation.confcountryFranceen
dc.relation.forthcomingnonen


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