Ring the Alarm! Electricity Markets, Renewables, and the Pandemic
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Benatia, David, 2022. "Ring the alarm! Electricity markets, renewables, and the pandemic," Energy Economics, Elsevier, vol. 106(C).
- David Benatia, 2022. "Ring the alarm! Electricity markets, renewables, and the pandemic," Post-Print hal-03523180, HAL.
References listed on IDEAS
- Levin, Todd & Botterud, Audun, 2015. "Electricity market design for generator revenue sufficiency with increased variable generation," Energy Policy, Elsevier, vol. 87(C), pages 392-406.
- Kleibergen, Frank & Paap, Richard, 2006.
"Generalized reduced rank tests using the singular value decomposition,"
Journal of Econometrics, Elsevier, vol. 133(1), pages 97-126, July.
- Frank Kleibergen & Richard Paap, 2003. "Generalized Reduced Rank Tests using the Singular Value Decomposition," Tinbergen Institute Discussion Papers 03-003/4, Tinbergen Institute.
- Richard Paap & Frank Kleibergen, 2004. "Generalized Reduced Rank Tests using the Singular Value Decomposition," Econometric Society 2004 Australasian Meetings 195, Econometric Society.
- Kleibergen, F.R. & Paap, R., 2003. "Generalized Reduced Rank Tests using the Singular Value Decomposition," Econometric Institute Research Papers EI 2003-01, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
- James B. Bushnell & Erin T. Mansur & Celeste Saravia, 2008.
"Vertical Arrangements, Market Structure, and Competition: An Analysis of Restructured US Electricity Markets,"
American Economic Review, American Economic Association, vol. 98(1), pages 237-266, March.
- James B. Bushnell & Erin T. Mansur & Celeste Saravia, 2007. "Vertical Arrangements, Market Structure, and Competition An Analysis of Restructured U.S. Electricity Markets," NBER Working Papers 13507, National Bureau of Economic Research, Inc.
- Bushnell, James & Mansur, Erin T. & Saravia, Celeste, 2008. "Vertical Arrangements, Market Structure and Competition: An Analysis of Restructured U.S. Electricity Markets," Staff General Research Papers Archive 13130, Iowa State University, Department of Economics.
- Ambec, Stefan & Crampes, Claude, 2012.
"Electricity provision with intermittent sources of energy,"
Resource and Energy Economics, Elsevier, vol. 34(3), pages 319-336.
- Stefan Ambec & Claude Crampes, 2012. "Electricity Provision with Intermittent Sources of Energy," Post-Print hal-02118109, HAL.
- Lawrence M. Ausubel & Peter Cramton & Marek Pycia & Marzena Rostek & Marek Weretka, 2014.
"Demand Reduction and Inefficiency in Multi-Unit Auctions,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 81(4), pages 1366-1400.
- Lawrence M. Ausubel & Peter Cramton, 1995. "Demand Reduction and Inefficiency in Multi-Unit Auctions," Papers of Peter Cramton 98wpdr, University of Maryland, Department of Economics - Peter Cramton, revised 22 Jul 2002.
- Fabra, Natalia, 2018.
"A primer on capacity mechanisms,"
Energy Economics, Elsevier, vol. 75(C), pages 323-335.
- Fabra, N., 2018. "A Primer on Capacity Mechanisms," Cambridge Working Papers in Economics 1814, Faculty of Economics, University of Cambridge.
- Natalia Fabra, 2018. "A Primer on Capacity Mechanisms," Working Papers EPRG 1806, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
- Fabra, Natalia, 2018. "A Primer on Capacity Mechanisms," CEPR Discussion Papers 13088, C.E.P.R. Discussion Papers.
- Henriot, Arthur & Glachant, Jean-Michel, 2013. "Melting-pots and salad bowls: The current debate on electricity market design for integration of intermittent RES," Utilities Policy, Elsevier, vol. 27(C), pages 57-64.
- Fischer, Carolyn & Newell, Richard G., 2008.
"Environmental and technology policies for climate mitigation,"
Journal of Environmental Economics and Management, Elsevier, vol. 55(2), pages 142-162, March.
- Fischer, Carolyn & Newell, Richard, 2004. "Environmental and Technology Policies for Climate Mitigation," RFF Working Paper Series dp-04-05, Resources for the Future.
- Peter Cramton & Steven Stoft, 2006. "The Convergence of Market Designs for Adequate Generating Capacity," Papers of Peter Cramton 06mdfra, University of Maryland, Department of Economics - Peter Cramton, revised 2006.
- Andrew Leach & Nic Rivers & Blake Shaffer, 2020. "Canadian Electricity Markets during the COVID-19 Pandemic: An Initial Assessment," Canadian Public Policy, University of Toronto Press, vol. 46(S2), pages 145-159, August.
- Catherine D. Wolfram, 1999. "Measuring Duopoly Power in the British Electricity Spot Market," American Economic Review, American Economic Association, vol. 89(4), pages 805-826, September.
- Erin T. Mansur, 2007.
"Do Oligopolists Pollute Less? Evidence From A Restructured Electricity Market,"
Journal of Industrial Economics, Wiley Blackwell, vol. 55(4), pages 661-689, December.
- Erin T. Mansur, 2007. "Do Oligopolists Pollute Less? Evidence from a Restructured Electricity Market," NBER Working Papers 13511, National Bureau of Economic Research, Inc.
- Natalia Fabra & David Rapson & Mar Reguant & Jingyuan Wang, 2021. "Estimating the Elasticity to Real-Time Pricing: Evidence from the Spanish Electricity Market," AEA Papers and Proceedings, American Economic Association, vol. 111, pages 425-429, May.
- Newbery, David & Pollitt, Michael G. & Ritz, Robert A. & Strielkowski, Wadim, 2018.
"Market design for a high-renewables European electricity system,"
Renewable and Sustainable Energy Reviews, Elsevier, vol. 91(C), pages 695-707.
- David Newbery & Michael Pollitt & Robert Ritz & Wadim Strielkowski, 2017. "Market design for a high-renewables European electricity system," Working Papers EPRG 1711, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
- Newbery, D. & Pollitt, M. & Ritz, R. & Strielkowski, W., 2017. "Market design for a high-renewables European electricity system," Cambridge Working Papers in Economics 1726, Faculty of Economics, University of Cambridge.
- David P. Brown & Derek E. H. Olmstead, 2017.
"Measuring market power and the efficiency of Alberta's restructured electricity market: An energy‐only market design,"
Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 50(3), pages 838-870, August.
- David P. Brown & Derek E. H. Olmstead, 2017. "Measuring market power and the efficiency of Alberta's restructured electricity market: An energy-only market design," Canadian Journal of Economics, Canadian Economics Association, vol. 50(3), pages 838-870, August.
- Brown, David P. & Olmstead, Derek, 2015. "Measuring Market Power and the Efficiency of Alberta’s Restructured Electricity Market: An Energy-Only Market Design," Working Papers 2015-14, University of Alberta, Department of Economics.
- Sébastien Debia, David Benatia, and Pierre-Olivier Pineau, 2018. "Evaluating an Interconnection Project: Do Strategic Interactions Matter?," The Energy Journal, International Association for Energy Economics, vol. 0(Number 6).
- Jean Michel Glachant & Arthur Henriot, 2013.
"Melting-pots and salad bowls: the current debate on electricity market design for RES integration,"
Cambridge Working Papers in Economics
1354, Faculty of Economics, University of Cambridge.
- Jean-Michel Glachant & Arthur Henriot, 2013. "Melting-pots and salad bowls: the current debate on electricity market design for RES integration," Working Papers EPRG 1329, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
- Arthur HENRIOT & Jean-Michel GLACHANT, 2013. "Melting-pots and salad bowls: the current debate on electricity market design for RES integration," RSCAS Working Papers 2013/55, European University Institute.
- Joskow, Paul L., 2008. "Capacity payments in imperfect electricity markets: Need and design," Utilities Policy, Elsevier, vol. 16(3), pages 159-170, September.
- Fiona Burlig & Christopher Knittel & David Rapson & Mar Reguant & Catherine Wolfram, 2020.
"Machine Learning from Schools about Energy Efficiency,"
Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 7(6), pages 1181-1217.
- Fiona Burlig & Christopher Knittel & David Rapson & Mar Reguant & Catherine Wolfram, 2017. "Machine Learning from Schools about Energy Efficiency," NBER Working Papers 23908, National Bureau of Economic Research, Inc.
- Jacob, Daniel, 2020. "Cross-Fitting and Averaging for Machine Learning Estimation of Heterogeneous Treatment Effects," IRTG 1792 Discussion Papers 2020-014, Humboldt University of Berlin, International Research Training Group 1792 "High Dimensional Nonstationary Time Series".
- Petitet, Marie & Finon, Dominique & Janssen, Tanguy, 2017. "Capacity adequacy in power markets facing energy transition: A comparison of scarcity pricing and capacity mechanism," Energy Policy, Elsevier, vol. 103(C), pages 30-46.
- Gordon W. Leslie & David I. Stern & Akshay Shanker & Michael T. Hogan, 2020. "Designing electricity markets for high penetration of zero or low marginal cost intermittent energy sources," CCEP Working Papers 2002, Centre for Climate & Energy Policy, Crawford School of Public Policy, The Australian National University.
- Severin Borenstein & James B. Bushnell & Frank A. Wolak, 2002. "Measuring Market Inefficiencies in California's Restructured Wholesale Electricity Market," American Economic Review, American Economic Association, vol. 92(5), pages 1376-1405, December.
- Alasseur, C. & Féron, O., 2018. "Structural price model for coupled electricity markets," Energy Economics, Elsevier, vol. 75(C), pages 104-119.
- Emilio Ghiani & Marco Galici & Mario Mureddu & Fabrizio Pilo, 2020. "Impact on Electricity Consumption and Market Pricing of Energy and Ancillary Services during Pandemic of COVID-19 in Italy," Energies, MDPI, vol. 13(13), pages 1-19, July.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Nicolae-Marius Jula & Diana-Mihaela Jula & Bogdan Oancea & Răzvan-Mihail Papuc & Dorin Jula, 2023. "Changes in the Pattern of Weekdays Electricity Real Consumption during the COVID-19 Crisis," Energies, MDPI, vol. 16(10), pages 1-20, May.
- David BENATIA & Etienne BILLETTE de VILLEMEUR, 2019.
"Strategic Reneging in Sequential Imperfect Markets,"
Working Papers
2019-19, Center for Research in Economics and Statistics.
- Benatia, David & Billette de Villemeur, Etienne, 2019. "Strategic Reneging in Sequential Imperfect Markets," MPRA Paper 105280, University Library of Munich, Germany, revised Jan 2020.
- Arkadiusz Kampczyk & Wojciech Gamon & Katarzyna Gawlak, 2023. "Integration of Traction Electricity Consumption Determinants with Route Geometry and Vehicle Characteristics," Energies, MDPI, vol. 16(6), pages 1-23, March.
- Graf, Christoph & Quaglia, Federico & Wolak, Frank A., 2021. "(Machine) learning from the COVID-19 lockdown about electricity market performance with a large share of renewables," Journal of Environmental Economics and Management, Elsevier, vol. 105(C).
- Pizarro-Irizar, Cristina, 2023. "Is it all about supply? Demand-side effects on the Spanish electricity market following Covid-19 lockdown policies," Utilities Policy, Elsevier, vol. 80(C).
- Fabra, Natalia, 2021.
"The energy transition: An industrial economics perspective,"
International Journal of Industrial Organization, Elsevier, vol. 79(C).
- Fabra, Natalia, 2021. "The Energy Transition: An Industrial Economics Perspective," CEPR Discussion Papers 15705, C.E.P.R. Discussion Papers.
- Marcin Malec & Grzegorz Kinelski & Marzena Czarnecka, 2021. "The Impact of COVID-19 on Electricity Demand Profiles: A Case Study of Selected Business Clients in Poland," Energies, MDPI, vol. 14(17), pages 1-17, August.
- Rahat, Birjees & Nguyen, Pascal, 2022. "Risk-adjusted investment performance of green and black portfolios and impact of toxic divestments in emerging markets," Energy Economics, Elsevier, vol. 116(C).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Keppler, Jan Horst & Quemin, Simon & Saguan, Marcelo, 2022.
"Why the sustainable provision of low-carbon electricity needs hybrid markets,"
Energy Policy, Elsevier, vol. 171(C).
- Jan-Horst Keppler & Simon Quemin & Marcelo Saguan, 2022. "Why the sustainable provision of low-carbon electricity needs hybrid markets," Post-Print hal-03964488, HAL.
- Zappa, William & Junginger, Martin & van den Broek, Machteld, 2021. "Can liberalised electricity markets support decarbonised portfolios in line with the Paris Agreement? A case study of Central Western Europe," Energy Policy, Elsevier, vol. 149(C).
- David P. Brown & Andrew Eckert, 2018.
"Analyzing the Impact of Electricity Market Structure Changes and Mergers: The Importance of Forward Commitments,"
Review of Industrial Organization, Springer;The Industrial Organization Society, vol. 52(1), pages 101-137, February.
- Brown, David P. & Eckert, Andrew, 2016. "Analyzing the Impact of Electricity Market Structure Changes and Mergers: The Importance of Forward Commitments," Working Papers 2016-8, University of Alberta, Department of Economics.
- Brown, David P. & Eckert, Andrew & Eckert, Heather, 2018.
"Carbon pricing with an output subsidy under imperfect competition: The case of Alberta's restructured electricity market,"
Resource and Energy Economics, Elsevier, vol. 52(C), pages 102-123.
- Brown, David P. & Eckert, Andrew & Eckert, Heather, 2017. "Carbon Pricing with an Output Subsidy under Imperfect Competition: The Case of Alberta's Restructured Electricity Market," Working Papers 2017-1, University of Alberta, Department of Economics.
- Bublitz, Andreas & Keles, Dogan & Zimmermann, Florian & Fraunholz, Christoph & Fichtner, Wolf, 2018. "A survey on electricity market design: Insights from theory and real-world implementations of capacity remuneration mechanisms," Working Paper Series in Production and Energy 27, Karlsruhe Institute of Technology (KIT), Institute for Industrial Production (IIP).
- Juha Teirilä and Robert A. Ritz, 2019.
"Strategic Behaviour in a Capacity Market? The New Irish Electricity Market Design,"
The Energy Journal, International Association for Energy Economics, vol. 0(The New E).
- Juha Teirilä & Robert A. Ritz, 2019. "Strategic Behaviour in a Capacity Market? The New Irish Electricity Market Design," The Energy Journal, , vol. 40(1_suppl), pages 105-126, June.
- Juha Teirilä & Robert A. Ritz, 2018. "Strategic behaviour in a capacity market? The new Irish electricity market design," Working Papers EPRG 1833, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
- Teirilä, J. & Ritz, R., 2018. "Strategic behaviour in a capacity market? The new Irish electricity market design," Cambridge Working Papers in Economics 1863, Faculty of Economics, University of Cambridge.
- David P. Brown & Derek E. H. Olmstead, 2017.
"Measuring market power and the efficiency of Alberta's restructured electricity market: An energy-only market design,"
Canadian Journal of Economics, Canadian Economics Association, vol. 50(3), pages 838-870, August.
- David P. Brown & Derek E. H. Olmstead, 2017. "Measuring market power and the efficiency of Alberta's restructured electricity market: An energy‐only market design," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 50(3), pages 838-870, August.
- Brown, David P. & Olmstead, Derek, 2015. "Measuring Market Power and the Efficiency of Alberta’s Restructured Electricity Market: An Energy-Only Market Design," Working Papers 2015-14, University of Alberta, Department of Economics.
- Simshauser, P., 2020.
"Merchant utilities and boundaries of the firm: vertical integration in energy-only markets,"
Cambridge Working Papers in Economics
2039, Faculty of Economics, University of Cambridge.
- Paul Simshauser, 2020. "Merchant utilities and boundaries of the firm: vertical integration in energy-only markets," Working Papers EPRG2008, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
- Brown, David P. & Eckert, Andrew & Shaffer, Blake, 2023.
"Evaluating the impact of divestitures on competition: Evidence from Alberta’s wholesale electricity market,"
International Journal of Industrial Organization, Elsevier, vol. 89(C).
- Brown, David P. & Eckert, Andrew & Shaffer, Blake, 2023. "Evaluating the Impact of Divestitures on Competition: Evidence from Alberta's Wholesale Electricity Market," Working Papers 2023-2, University of Alberta, Department of Economics.
- Cao, K.H. & Qi, H.S. & Tsai, C.H. & Woo, C.K. & Zarnikau, J., 2021. "Energy trading efficiency in the US Midcontinent electricity markets," Applied Energy, Elsevier, vol. 302(C).
- David P. Brown & Andrew Eckert, 2017.
"Electricity market mergers with endogenous forward contracting,"
Journal of Regulatory Economics, Springer, vol. 51(3), pages 269-310, June.
- Brown, David P. & Eckert, Andrew, 2016. "Electricity Market Mergers with Endogenous Forward Contracting," Working Papers 2016-6, University of Alberta, Department of Economics.
- Simshauser, Paul & Tian, Yuan & Whish-Wilson, Patrick, 2015. "Vertical integration in energy-only electricity markets," Economic Analysis and Policy, Elsevier, vol. 48(C), pages 35-56.
- Klaus Eisenack & Mathias Mier, 2019.
"Peak-load pricing with different types of dispatchability,"
Journal of Regulatory Economics, Springer, vol. 56(2), pages 105-124, December.
- Klaus Eisenack & Mathias Mier, 2018. "Peak-load Pricing with Different Types of Dispatchability," Working Papers V-411-18, University of Oldenburg, Department of Economics, revised Jul 2018.
- Moutinho, Victor & Moreira, António C. & Mota, Jorge, 2014. "Do regulatory mechanisms promote competition and mitigate market power? Evidence from Spanish electricity market," Energy Policy, Elsevier, vol. 68(C), pages 403-412.
- David BENATIA & Etienne BILLETTE de VILLEMEUR, 2019.
"Strategic Reneging in Sequential Imperfect Markets,"
Working Papers
2019-19, Center for Research in Economics and Statistics.
- Benatia, David & Billette de Villemeur, Etienne, 2019. "Strategic Reneging in Sequential Imperfect Markets," MPRA Paper 105280, University Library of Munich, Germany, revised Jan 2020.
- de Frutos, María-Ángeles & Fabra, Natalia, 2012. "How to allocate forward contracts: The case of electricity markets," European Economic Review, Elsevier, vol. 56(3), pages 451-469.
- Zipp, Alexander, 2017. "The marketability of variable renewable energy in liberalized electricity markets – An empirical analysis," Renewable Energy, Elsevier, vol. 113(C), pages 1111-1121.
- Brown, David P. & Eckert, Andrew & Silveira, Douglas, 2023. "Screening for collusion in wholesale electricity markets: A literature review," Utilities Policy, Elsevier, vol. 85(C).
- Fabra, Natalia, 2021.
"The energy transition: An industrial economics perspective,"
International Journal of Industrial Organization, Elsevier, vol. 79(C).
- Fabra, Natalia, 2021. "The Energy Transition: An Industrial Economics Perspective," CEPR Discussion Papers 15705, C.E.P.R. Discussion Papers.
- Ignacio Mauleón, 2020. "Economic Issues in Deep Low-Carbon Energy Systems," Energies, MDPI, vol. 13(16), pages 1-32, August.
More about this item
Keywords
Energy Transition; COVID-19; Demand; Electricity Markets;All these keywords.
JEL classification:
- L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
- Q02 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Commodity Market
- Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
- Q47 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy Forecasting
NEP fields
This paper has been announced in the following NEP Reports:- NEP-ENE-2020-10-19 (Energy Economics)
- NEP-REG-2020-10-19 (Regulation)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:crs:wpaper:2020-22. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Secretariat General (email available below). General contact details of provider: https://edirc.repec.org/data/crestfr.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.