What is the Merit Order Effect?
What is the merit-order effect, and how could renewables decrease your bills?
Timeline:
00:00 Intro
01:38 Why fossil fuels makes price higher
01:52 More renewables?
02:57 Gas effect on prices
03:44 Conclusion
Main Sources:
1) IRENA 2022: POTENTIAL LIMITATIONS OF MARGINAL PRICING FOR A POWER SYSTEM BASED ON RENEWABLES
https://www.irena.org/-/media/Irena/F...
1.5) Zakeri & Staffell (2022): The Role of Natural Gas in Electricity
Prices in Europe
https://www.ucl.ac.uk/bartlett/sustai...
2) Haltunenn et al. 2022: Global Assessment of the Merit-Order Effect and Revenue Cannibalisation for Variable Renewable Energy
https://www.academia.edu/90356615/Glo...
3) Nissen 2023: Economics/technology - Video 10: Power Markets in Europe
• Economics/technology - Video 10: Power Ma...
4) Prol et al. 2020: The cannibalization effect of wind and solar in the California wholesale electricity market
https://www.sciencedirect.com/science...
5) UCL 2022: Electricity prices dictated by gas producers who provide less than half of UK electricity
https://www.ucl.ac.uk/news/2022/sep/e...
6) Antweiler & Muesgens 2021: On the long-term merit order effect of renewable energies
https://www.sciencedirect.com/science...
7) Renewable Energy Integration in Electricity Markets Challenges and Opportunities Webinar (2024)
• Renewable Energy Integration in Electricit...
8) Figueiredo & Da Silva (2019): The “Merit-order effect” of wind and solar power: Volatility and determinants
https://www.sciencedirect.com/science...
9) Stewart 2023: Why is cheap renewable electricity so expensive on the wholesale market?
https://commonslibrary.parliament.uk/...
10) Simon Evans (Carbon Brief): Analysis: Why UK energy bills are soaring to record highs – and how to cut them
https://www.carbonbrief.org/analysis-...
11) Bartrum 2022: Electricity market
https://www.instituteforgovernment.or...
12) Trebbien et al. 2023: Understanding electricity prices beyond the merit order principle using explainable AI
https://www.sciencedirect.com/science...
13) Hupez 2022: Enabling Mutualization and Prosumer Empowerment for Collective-Centric Optimization: Towards Responsible Energy Communities
https://www.researchgate.net/figure/T...
14) Enerace 2024: Merit Order - why do electricity prices go up and down?
https://enerace.eu/blog/merit-order
15) Palusinki (2024): Merit Order - Why Do Electricity Prices Go Up and Down?
16) Hirth (2022): The Merit Order Model and Marginal
Pricing in Electricity Markets
https://neon.energy/marginal-pricing
/ merit-order-why-do-electricity-prices-go-u...
17) Bowden (2023): Understanding power markets: Merit order and marginal pricing
https://www.squeaky.energy/blog/under...
18) Hannah Ritchie (2023): If the UK has lots of renewables, why do electricity prices follow gas prices?
https://www.sustainabilitybynumbers.c...
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