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The impact of foreign wind and solar energy on Norwegian electricity prices: a panel quantile analysis
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Resumo(s)
This thesis employs a panel quantile analysis to explore the influence of wind and solar energy
production in interconnected countries on electricity prices in Norway. The analysis reveals that
increased renewable energy production in interconnected markets significantly lowers
electricity prices in Norway. Wind power has an increased impact on the lower quantiles during
off-peak periods, whereas during peak hours, its influence remains relatively consistent across
all quantiles. Solar energy demonstrates its strongest effect on the higher quantiles,
underscoring its stabilizing potential. Additionally, the effect of wind power during peak hours
seems to diminish due to concurrent solar energy production.
Descrição
Palavras-chave
Electricity markets Panel quantile regression Wind power Solar power No2 Merit-order