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dc.contributor.authorMauritzen, Johannes
dc.date.accessioned2023-01-06T11:03:04Z
dc.date.available2023-01-06T11:03:04Z
dc.date.created2021-06-16T05:37:36Z
dc.date.issued2021
dc.identifier.citationEnergy Policy. 2021, 156 .en_US
dc.identifier.issn0301-4215
dc.identifier.urihttps://hdl.handle.net/11250/3041521
dc.description.abstractI investigate how the Covid-19 epidemic affected consumption and prices in a part of the Nordic electricity market that has a high penetration of intermittent renewable energy: Denmark and the southernmost part of Sweden. In sharp contrast to studies of other regions, I find no overall drop in consumption in this region. However, the distribution of consumption shifted away from peak hours. Nonetheless, prices dropped significantly, with a decline that started well before the imposition of societal restrictions in Denmark. Periods where wind power covered all of local load saw prices collapse towards zero with little variance under the Covid-19 epidemic. The results have important policy implications. Energy-only markets may fail to provide sufficient investment incentives for renewable energy when penetrations of such generation are already high. Policies and technologies that shift load from peak to non-peak times may further erode market incentives.en_US
dc.language.isoengen_US
dc.publisherElsevieren_US
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 Internasjonal*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/deed.no*
dc.titleThe Covid-19 Shock on a Low-Carbon Grid: Evidence from the Nordicsen_US
dc.typeJournal articleen_US
dc.typePeer revieweden_US
dc.description.versionpublishedVersionen_US
dc.rights.holderThe Authoren_US
dc.source.pagenumber15en_US
dc.source.volume156en_US
dc.source.journalEnergy Policyen_US
dc.identifier.doi10.1016/j.enpol.2021.112416
dc.identifier.cristin1916002
dc.source.articlenumber112416en_US
cristin.ispublishedtrue
cristin.fulltextpostprint
cristin.fulltextoriginal
cristin.qualitycode1


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Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal
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