Market premia for renewables in Germany: The effect on electricity prices

dc.contributor.author	Frondel, Manuel
dc.contributor.author	Kaeding, Matthias
dc.contributor.author	Sommer, Stephan
dc.date.accessioned	2020-04-30T15:36:56Z
dc.date.available	2020-04-30T15:36:56Z
dc.date.issued	2020
dc.description.abstract	Due to the growing share of ”green” electricity generated by renewable energy technologies, the frequency of negative price spikes has substantially increased in Germany. To reduce such events, in 2012, a market premium scheme (MPS) was introduced as an alternative to feed-in tariffs for the promotion of green electricity. Drawing on hourly day-ahead spot prices for the time period spanning 2009 to 2016 and employing a nonparametric modeling strategy called Bayesian Additive Regression Trees, this paper empirically evaluates the efficacy of Germany’s MPS. Via counterfactual analyses, we demonstrate that the introduction of the MPS decreased the number of hours with negative prices by some 70%.	en
dc.identifier.uri	http://hdl.handle.net/2003/39098
dc.identifier.uri	http://dx.doi.org/10.17877/DE290R-21016
dc.language.iso	en	de
dc.relation.ispartofseries	Discussion Paper / SFB823;13/2020
dc.subject	egative electricity prices	en
dc.subject	Bayesian additive regression trees	en
dc.subject	merit order effect	en
dc.subject.ddc	310
dc.subject.ddc	330
dc.subject.ddc	620
dc.title	Market premia for renewables in Germany: The effect on electricity prices	en
dc.type	Text	de
dc.type.publicationtype	workingPaper	de
dcterms.accessRights	open access
eldorado.secondarypublication	false	de

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