Cutting edge: Marketing of renewable energy in the German market
Power generated from renewable energy sources such as wind and solar has considerable influence on power markets in Western Europe. Björn Naundorf and Peter Stagge present a study in which they investigate the impact of renewable generation on intraday power prices in the German market. They show that there is already a strong correlation between intraday trading activity and market prices. A model is used to demonstrate that this correlation systematically reduces the profit from renewable energy sources
A rapid development of renewable energy capacity has become a key element in energy agendas of virtually all Western countries. In Germany alone, the installed capacity of wind and solar power is today about 51 gigawatts (GW), with 29GW for wind and 22GW based on photovoltaics. On some days, wind and solar power production already contribute up to 40% to overall generation in Germany.1
Compared to conventional generation, marketing of energy from renewable energy sources (RESs) poses two main
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