Intermittent Versus Dispatchable Power Sources: An Integrated Competitive Assessment
نویسندگان
چکیده
The cost and revenue earnings potential of alternative power generation sources has shifted considerably in recent years. Here we introduce the concept Levelized Profit Margins (LPM) to capture changing unit economics both intermittent dispatchable technologies. We apply this framework context California Texas wholesale markets. Our LPM estimates indicate that solar photovoltaic wind have substantially improved their competitive position over years 2012–2019, primarily due falling life-cycle costs production. In California, these gains far outweigh an emerging “cannibalization” trend results from substantial additions having made energy less valuable middle day. also find competitiveness natural gas plants either or held steady. For technology, declining capacity utilization rates effectively been counterbalanced by a “dispatchability price premium” reflects growing market share renewables.
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ژورنال
عنوان ژورنال: Social Science Research Network
سال: 2021
ISSN: ['1556-5068']
DOI: https://doi.org/10.2139/ssrn.3908780