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.
| Identifer | oai:union.ndltd.org:UPSALLA1/oai:DiVA.org:umu-137184 |
| Date | January 2017 |
| Creators | Li, Xiaoying |
| Publisher | Umeå universitet, Nationalekonomi |
| Source Sets | DiVA Archive at Upsalla University |
| Language | English |
| Detected Language | English |
| Type | Student thesis, info:eu-repo/semantics/bachelorThesis, text |
| Format | application/pdf |
| Rights | info:eu-repo/semantics/openAccess |
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