Abstract
We use a two-stage model to determine the equilibrium capacities, generation levels, and prices of a wholesale electricity market in which independent power producers (IPPs) use natural gas-fired (NG) and photovoltaic (PV) technologies. PV's effective capacity is high during midday but low in other daytime hours. Applied to Israel's stylized electricity market in 2030, our model finds NG and PV are necessary to meet Israel's electricity demands; NG mitigates daytime price spikes and enhances consumer welfare; NG IPPs are profitable; and PV IPPs may be unprofitable, potentially requiring government support to aid Israel's achievement of a clean and sustainable future.
| Original language | English |
|---|---|
| Article number | 101443 |
| Journal | Utilities Policy |
| Volume | 79 |
| DOIs | |
| State | Published - Dec 2022 |
Funding
| Funders |
|---|
| Education University of Hong Kong |
| Faculty of Liberal Arts and Social Sciences, Education University of Hong Kong |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 7 Affordable and Clean Energy
Keywords
- Decarbonization
- Equilibrium capacities and prices
- Israel
- PV capacity Utilization
- Wholesale electricity market
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