e-journal

Assessment of the minimum value of photovoltaic electricity in Italy

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We investigate the value of solar photovoltaic (PV) power in the Italian wholesale electricity market (IPEX). A model is developed and applied to simulate and predict the monthly average electricity prices in peak hours, as well as to
simulate scenarios without PV generation. The computed merit-order effect of the PV generation in Italy, around
2.9 €/MWh per each additional GWh of PV production, as well as the greater
4.5 €/MWh absolute value evaluated
under the hypothesis of stationary electricity demand, are in line with the upper values found in related studies of near mature renewable energy markets. A strong relationship of the value of PV electricity in the IPEX with the electricity demand is clearly evident, leading to important policy implications in terms of possible actions on the granted subsidies, electrification of energy end use, and promotion of specific PV technologies. The anomalous temporal behavior of the IPEX, shown by high off-peak electricity prices that followed the installation of Italy’s large PV park, partly offsets the beneficial effect of PV generation.

Keywords
Electricity demand, energy end use, feed-in tariff, merit-order effect, photovoltaic

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Informasi Detail

Judul Seri

Energy Science and Engineering

No. Panggil

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Penerbit

: The Authors., 2014

Deskripsi Fisik

Energy Science and Engineering 2014; 2(2): 94–105

Bahasa

English

ISBN/ISSN

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Klasifikasi

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Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subjek

FISIKA

Info Detail Spesifik

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Pernyataan Tanggungjawab

Wati/Agus

Versi lain/terkait

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