Spillovers from ancillary services to wholesale energy markets.
In electricity markets, generators are rewarded for providing energy and for enabling grid reliability. The two functions are compensated separately: with energy market payments and ancillary services market payments. We provide evidence of changes in the generation mix in the energy market that are...
| Publicado en: | RAND Journal of Economics (Wiley-Blackwell) Vol. 55; no. 1; pp. 87 - 112 |
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| Autores principales: | , , , |
| Formato: | Artículo |
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Wiley-Blackwell
Mar2024
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=175721504&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 175721504 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 07416261 56RJ jtl: RAND Journal of Economics (Wiley-Blackwell) issn: 07416261 maglogo: Y pubinfo: dt: Mar2024 vid: 55 iid: 1 pid: 480 pub: Wiley-Blackwell artinfo: ui: 175721504 10.1111/1756-2171.12459 ppf: 87 ppct: 25 formats: fmt: – @attributes: type: T – @attributes: type: C – @attributes: type: P size: 553KB tig: atl: Spillovers from ancillary services to wholesale energy markets. aug: au: Buchsbaum, Jesse Hausman, Catherine Mathieu, Johanna L Peng, Jing affil: Energy & Environmental Lab, University of Chicago, Chicago IL, 60602,, United States Gerald R. Ford School of Public Policy, University of Michigan, Ann Arbor, United States Electrical Engineering and Computer Science, University of Michigan, Ann Arbor, United States su: Energy industries Electricity markets Power plants Wholesale trade sug: subj: Power and Communication Line and Related Structures Construction Wholesale Trade Agents and Brokers Wholesale trade agents and brokers Energy industries Electricity markets Power plants Wholesale trade ab: In electricity markets, generators are rewarded for providing energy and for enabling grid reliability. The two functions are compensated separately: with energy market payments and ancillary services market payments. We provide evidence of changes in the generation mix in the energy market that are driven by exogenous changes in an ancillary services market. We provide a theoretical framework and quasi‐experimental evidence for understanding the mechanism: it results from the multi‐product nature of power plants combined with discontinuities in costs. Although much research focuses solely on the energy market, our results suggest that spillovers between the two markets are important. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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