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Prediction of the Impact of Increased Photovoltaics Power on the Swedish Daily Electricity Spot Price Pattern / Prediktion av påverkan från ökad solelproduktion på det dagliga elspotprismönstret i Sverige

As the demand for electricity increases throughout the globe while we want to reduce the use of fossil fuels, the need for renewable energy sources is bigger than ever. In countries where solar power makes up a large part of the total energy production, the overall electricity spot price level has become lower. This thesis investigates the underlying mechanism that drives the energy market, and in specific, how the solar power impacts the electricity spot price. We present results from studies made in other markets, and introduce a Regime Switching model for explaining the impact in Sweden. We show that an increase of photovoltaics power has a price lowering effect on the daily price pattern in price area SE3 and SE4.

Identiferoai:union.ndltd.org:UPSALLA1/oai:DiVA.org:liu-185541
Date January 2022
CreatorsFahlén, Saga
PublisherLinköpings universitet, Tillämpad matematik, Linköpings universitet, Tekniska fakulteten
Source SetsDiVA Archive at Upsalla University
LanguageEnglish
Detected LanguageEnglish
TypeStudent thesis, info:eu-repo/semantics/bachelorThesis, text
Formatapplication/pdf
Rightsinfo:eu-repo/semantics/openAccess

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