{"title":"Merit-order of dispatchable and variable renewable energy sources in Turkey's day-ahead electricity market","authors":"Fazıl Gökgöz, Öykü Yücel","doi":"10.1016/j.jup.2024.101758","DOIUrl":null,"url":null,"abstract":"<div><p>This study employs linear and non-linear quantile regression models to assess the merit-order effect (MOE) of integrating renewable energy sources (RESs) into the Turkish day-ahead electricity market. The analysis spans nine different quantiles from January 2019 to December 2022. Our results show that both dispatchable and variable renewable energy sources (VREs) are essential for reducing market clearing prices (MCPs) in the Turkish day-ahead market. However, they have different impacts on quantiles of MCPs and price variability. VREs enhances the price variability across all hours in linear and non-linear models, while dispatchable renewable energy reduces price variability except at night.</p></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"88 ","pages":"Article 101758"},"PeriodicalIF":3.8000,"publicationDate":"2024-05-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Utilities Policy","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0957178724000511","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ENERGY & FUELS","Score":null,"Total":0}
引用次数: 0
Abstract
This study employs linear and non-linear quantile regression models to assess the merit-order effect (MOE) of integrating renewable energy sources (RESs) into the Turkish day-ahead electricity market. The analysis spans nine different quantiles from January 2019 to December 2022. Our results show that both dispatchable and variable renewable energy sources (VREs) are essential for reducing market clearing prices (MCPs) in the Turkish day-ahead market. However, they have different impacts on quantiles of MCPs and price variability. VREs enhances the price variability across all hours in linear and non-linear models, while dispatchable renewable energy reduces price variability except at night.
期刊介绍：
Utilities Policy is deliberately international, interdisciplinary, and intersectoral. Articles address utility trends and issues in both developed and developing economies. Authors and reviewers come from various disciplines, including economics, political science, sociology, law, finance, accounting, management, and engineering. Areas of focus include the utility and network industries providing essential electricity, natural gas, water and wastewater, solid waste, communications, broadband, postal, and public transportation services.
Utilities Policy invites submissions that apply various quantitative and qualitative methods. Contributions are welcome from both established and emerging scholars as well as accomplished practitioners. Interdisciplinary, comparative, and applied works are encouraged. Submissions to the journal should have a clear focus on governance, performance, and/or analysis of public utilities with an aim toward informing the policymaking process and providing recommendations as appropriate. Relevant topics and issues include but are not limited to industry structures and ownership, market design and dynamics, economic development, resource planning, system modeling, accounting and finance, infrastructure investment, supply and demand efficiency, strategic management and productivity, network operations and integration, supply chains, adaptation and flexibility, service-quality standards, benchmarking and metrics, benefit-cost analysis, behavior and incentives, pricing and demand response, economic and environmental regulation, regulatory performance and impact, restructuring and deregulation, and policy institutions.
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