Competition in Electricity Markets

Evidence: A strong negative correlation between prices ($/MWh) in red and renewable output in blue (MWh) in Germany. The key feature of our work is to study the MOE when thermal producers have a

Global overview – Renewables 2024 – Analysis

Global overview Renewable energy consumption Renewable energy consumption in the power, heat and transport sectors increases near 60% over 2024-2030 in our main-case forecast. This increase

The Impacts of Renewable Energy on Electricity Markets:

Abstract This paper studies how to design the electricity market to meet demand efficiently and reliably, while achieving environmental objectives. I built a dynamic equilibrium model of production decisions

Competition in Electricity Markets with Renewable Energy Sources

We show when thermal generators have a diverse energy portfolio, meaning that they also control some or all of the renewable supplies, they offset the price declines due to the merit order

Global Energy Trends: Clean Energy Growth and Rising Demand

Yet even with this significant growth in renewable and other zero-emission capacity, the world is still burning, and increasing its use of, fossil fuels. Geopolitical turmoil and volatile markets

Competition among Renewables

Research and policy questions: How do electricity firms compete in renewables-dominated markets? How will competition in electricity markets evolve along the Energy Transition? How does the

Competition in Electricity Markets with Renewable Energy Sources

Abstract This paper studies the effects of the diversification of energy portfolios on the merit order effect in an oligopolistic energy market. The merit order effect describes the negative impact of renewable

Trade, renewable energy, and market power in power markets

We analyse a model with a home region relying on storable hydropower — where a dominant firm competes with a fringe — and a foreign region with intermittent wind power and

Renewables 2025

The IEA examines the full spectrum of energy issues including oil, gas and coal supply and demand, renewable energy technologies, electricity markets, energy efficiency, access to energy, demand