Arbeitspapier

Control Power and Variable Renewables: A Glimpse at German Data

Control power (regulating power, balancing power) is used to quickly restore the supply-demand balance in power systems. Variable renewable energy sources (VRE) such as wind and solar power are often thought to increase the reserve requirement significantly. This paper provides a comprehensive overview of balancing systems in Europe, discusses the role of VRE, and presents empirical market data from Germany. Despite German VRE capacity doubled during the last five years and has surpassed 70% of peak load, contracted control power decreased by 20%, and procurement cost fell by 50%. Today, control power adds only 0.4% to household electricity prices. Nevertheless, we identify several sources of inefficiency in control power markets and imbalance settlement systems and propose a number of policy changes to stimulate the participation of VRE in control provision and to improve the incentives to forecast accurately.

Sprache
Englisch

Erschienen in
Series: Nota di Lavoro ; No. 46.2013

Klassifikation
Wirtschaft
Alternative Energy Sources
Energy: Government Policy
Electric Utilities
Externalities
Thema
Balancing power
Control Power
Variable renewables
Wind power
Solar power
Market design

Ereignis
Geistige Schöpfung
(wer)
Hirth, Lion
Ziegenhagen, Inka
Ereignis
Veröffentlichung
(wer)
Fondazione Eni Enrico Mattei (FEEM)
(wo)
Milano
(wann)
2013

Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Hirth, Lion
  • Ziegenhagen, Inka
  • Fondazione Eni Enrico Mattei (FEEM)

Entstanden

  • 2013

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