The RES-induced Switching Eect Across Fossil Fuels: An Analysis of the Italian Day-ahead and Balancing Prices

摘要

1. We documented a decoupling between oil and gas prices in oursecond sample (2012-15) with respect to the rst sample (2006-08).2. We documented a swithcing eect among fuels in inuencingelectricity prices3. The switching eect is remarkable in the day-ahead market4. The same eect is observed in balancing prices but with a reducedsize.5. Balancing needs are reduced in the high RES scenario.6. Balancing costs are higher.