Putting wind and solar in their place: internalising congestion and other system-wide costs with enhanced contracts for difference in Great Britain

The large-scale deployment of renewable energy assets can create system-wide costs due to the impact on congestion management and reserve provision, and may have a limited effect on carbon emissions if subject to curtailment. We show how the successful UK incentive scheme for renewable energy, terme...

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Bibliographic Details
Main Authors: Savelli, I, Hardy, J, Hepburn, C, Morstyn, T
Format: Journal article
Language:English
Published: Elsevier 2022