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The impact of wind power generation on the wholesale electricity price: Evidence from the Swedish electricity market
Umeå University, Faculty of Social Sciences, Umeå School of Business and Economics (USBE), Economics.
2017 (English)Independent thesis Advanced level (degree of Master (Two Years)), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

Wind energy has been growing rapidly during recent years. This paper aims to estimate the impact of wind power generation on the Swedish wholesale electricity price, using monthly time series data over the periods 2000-2016. The error-correction model is used to measure the price effect by including other factors that influence the electricity supply and demand. Thefindings suggest that the impact of changes in wind power production on the wholesale priceof electricity is negative in the short-term. When the wind power production increases by 1%, the wholesale electricity price decreases with 0.08%. Furthermore, the magnitude of the coefficient increases to 0.10% in the long-term.

Place, publisher, year, edition, pages
2017.
Keyword [en]
wind power generation; renewable energy; the wholesale electricity price; error-correction model
National Category
Economics
Identifiers
URN: urn:nbn:se:umu:diva-137184OAI: oai:DiVA.org:umu-137184DiVA: diva2:1115794
Available from: 2017-06-27 Created: 2017-06-27

Open Access in DiVA

fulltext(788 kB)21 downloads
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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf