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- W3125344903 abstract "Economic theory predicts that high renewable electricity production reduces the price of electricity, also referred to as the 'merit-order efecto'. Although the merit-order effect is only one of several consequences of renewable production on the electricity system, it is crucial to determine its size for the economic evaluation of renewable energies. In this paper we present a comprehensive overview of relevant past research results on the price effect of renewables. Additionally, we conduct a new empirical analysis of the price effect of renewable production for the Austrian-German region, a market that clearly qualifies for a merit-order effect analysis given its characteristics. Based on the review and our own analysis, we show that the merit-order effect varies depending on the region and the assessment method chosen. We also find that the size of this effect is less dispersed throughout different markets than previously suggested by the literature." @default.
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- W3125344903 date "2013-01-01" @default.
- W3125344903 modified "2023-09-26" @default.
- W3125344903 title "Renewable Generation and Electricity Prices: Taking Stock and New Evidence for Germany and Austria" @default.
- W3125344903 hasPublicationYear "2013" @default.
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