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The effect of variable renewable energy sources on electricity price volatility: the case of the Iberian market

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dc.contributor.authorHorta, Paulo
dc.contributor.authorPereira Da Silva, Paulo
dc.date.accessioned2021-02-04T17:01:13Z
dc.date.available2021-02-04T17:01:13Z
dc.date.issued2019
dc.descriptionArtigo publicado em revista científica internacionalpt_PT
dc.description.abstractThe relationship between variable renewable energy supply (V-RES) and electricity price volatility is a controversial issue in the economic literature. In general, the literature has been inconclusive about the sign of the impact of installed capacity of these technologies on price volatility. This paper investigates the impact of V-RES on price volatility for the Iberian Market of Electricity (MIBEL), in the period ranging from 2010 to 2015. Using regression analysis and EGARCH models, we conclude that V-RES, and more specifically wind power supply, heightens price volatility. Likewise, greater intraday variability of V-RES also induces higher price volatility. Finally, following an analysis of the connection with the French market, we find that market coupling could help alleviate the sensitivity of price volatility to wind power supply variability.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.doihttps://doi.org/10.1080/14786451.2019.1602126pt_PT
dc.identifier.issn1478-6451
dc.identifier.urihttp://hdl.handle.net/10400.21/12791
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.publisherTaylor & Francispt_PT
dc.relation.ispartofseries;8
dc.relation.publisherversionhttps://www.tandfonline.com/doi/full/10.1080/14786451.2019.1602126pt_PT
dc.subjectElectricitypt_PT
dc.subjectWind powerpt_PT
dc.subjectSolar powerpt_PT
dc.subjectPrice volatilitypt_PT
dc.subjectRenewablespt_PT
dc.subjectMarket couplingpt_PT
dc.titleThe effect of variable renewable energy sources on electricity price volatility: the case of the Iberian marketpt_PT
dc.typejournal article
dspace.entity.typePublication
oaire.citation.endPage813pt_PT
oaire.citation.startPage794pt_PT
oaire.citation.titleInternational Journal of Sustainable Energypt_PT
oaire.citation.volume38pt_PT
person.familyNamePereira da Silva
person.givenNamePaulo
person.identifier.ciencia-idDB13-87B0-A356
person.identifier.orcid0000-0003-4774-128X
person.identifier.ridL-2349-2018
person.identifier.scopus-author-id57023757800
rcaap.rightsrestrictedAccesspt_PT
rcaap.typearticlept_PT
relation.isAuthorOfPublication786ff15b-4f34-4d2d-939e-6e7556f3232c
relation.isAuthorOfPublication.latestForDiscovery786ff15b-4f34-4d2d-939e-6e7556f3232c

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