{"title":"Modeling the effects of photovoltaic technology, battery storage, and electric vehicles on Israel's electricity market from 2030 to 2050","authors":"I. Milstein , A. Tishler , C.K. Woo","doi":"10.1016/j.jup.2025.101933","DOIUrl":null,"url":null,"abstract":"<div><div>This study assesses the economics of Israel's wholesale electricity market from 2030 to 2050 with rising market penetrations of photovoltaic (PV) technology, battery storage, and electric vehicles. The competing independent power producers (IPPs) employ PV generation <em>cum</em> battery storage (PVB) or natural gas (NG) to meet each day's hourly demands. Using two-stage models to determine the short-run market equilibrium of electricity generation and prices and the long-run market equilibrium mix of PV, NG, and battery capacities, we show that declining battery costs enable PVB IPPs to replace 100 % of the NG IPPs, leading to a carbon-free electricity supply.</div></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"95 ","pages":"Article 101933"},"PeriodicalIF":4.4000,"publicationDate":"2025-08-01","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/S0957178725000487","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"2025/3/26 0:00:00","PubModel":"Epub","JCR":"Q3","JCRName":"ENERGY & FUELS","Score":null,"Total":0}
引用次数: 0
Abstract
This study assesses the economics of Israel's wholesale electricity market from 2030 to 2050 with rising market penetrations of photovoltaic (PV) technology, battery storage, and electric vehicles. The competing independent power producers (IPPs) employ PV generation cum battery storage (PVB) or natural gas (NG) to meet each day's hourly demands. Using two-stage models to determine the short-run market equilibrium of electricity generation and prices and the long-run market equilibrium mix of PV, NG, and battery capacities, we show that declining battery costs enable PVB IPPs to replace 100 % of the NG IPPs, leading to a carbon-free electricity supply.
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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