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| DOI | 10.1016/j.enpol.2020.111521 |
| Measuring inefficiency in international electricity trading | |
| Montoya L.G.; Guo B.; Newbery D.; Dodds P.E.; Lipman G.; Castagneto Gissey G. | |
| 发表日期 | 2020 |
| ISSN | 03014215 |
| 卷号 | 143 |
| 英文摘要 | Interconnectors reduce the cost of supplying electricity if they are operated efficiently. We show that established metrics which are used to monitor electricity trading inefficiency are inaccurate for several typical trading conditions. We propose two new metrics—the Unweighted and Price-Weighted Inefficient Interconnector Utilisation indices—to address these deficiencies. These metrics are substantially more accurate than existing ones and perform equally well whether or not interconnected markets have coupled trading. Our analyses show a substantial decrease in inefficient trading between Great Britain (GB) and both France and the Netherlands after the European Union's market coupling regulations were introduced in 2014. In view of the UK's withdrawal from the European Union, we evaluate how uncoupling GB's market would affect cross-border trade. We find that uncoupling would lead to inefficiencies in trade, with the electricity price differential between GB and France (Netherlands) rising by 2% (0.6%), net imports into GB decreasing by 22% (6%), congestion income decreasing by 6% (1.5%), and infra-marginal surplus decreasing by 25% (9%). Should the EU decide to implement an equivalent carbon tax to GB's Carbon Price Floor, congestion income would decrease. Uncoupling markets would magnify this decrease. © 2020 Elsevier Ltd |
| 关键词 | Cross-border allocationElectricity trading efficiencyInterconnectorMarket couplingMetrics |
| 英文关键词 | Carbon; Power markets; Cross-border trades; Electricity prices; Electricity trading; European union; Great Britain; Interconnectors; Market coupling; Trading conditions; International trade; cost analysis; econometrics; electricity generation; energy efficiency; energy market; energy policy; European Union; United Kingdom |
| 语种 | 英语 |
| 来源期刊 | Energy Policy
 |
| 文献类型 | 期刊论文 |
| 条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/204783 |
| 作者单位 | Institute for Sustainable Resources, University College London, United Kingdom; Faculty of Economics, University of Cambridge, United Kingdom |
| 推荐引用方式 GB/T 7714 | Montoya L.G.,Guo B.,Newbery D.,et al. Measuring inefficiency in international electricity trading[J],2020,143. |
| APA | Montoya L.G.,Guo B.,Newbery D.,Dodds P.E.,Lipman G.,&Castagneto Gissey G..(2020).Measuring inefficiency in international electricity trading.Energy Policy,143. |
| MLA | Montoya L.G.,et al."Measuring inefficiency in international electricity trading".Energy Policy 143(2020). |
| 条目包含的文件 | 条目无相关文件。 | |||||
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