Evaluation of the Administrative Phase-Out of Coal Power Plants on the Italian Electricity Market

Although decarbonisation is one of the most important macro-trends of this century, electricity generation from coal power plants is still broadly common. The main goal of this study is to evaluate the impact of a premature coal power plants phase-out on the Italian day-ahead electricity market. For...

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Bibliographic Details
Published in:Energies (Basel) 2020-09, Vol.13 (18), p.4596
Main Authors: Fiorelli, Michele, Keles, Dogan, Montana, Francesco, Restifo, Giovanni Lorenzo, Riva Sanseverino, Eleonora, Zizzo, Gaetano
Format: Article
Language:English
Subjects:
Capital costs
Coal
coal phase-out
Coal-fired power plants
decarbonisation
Electric power generation
Electricity
electricity price
Electricity pricing
Energy
generation adequacy
Industrial plant emissions
Literature reviews
optimization model and simulation
Power plants
price analysis
Prices
Trends
Useful life
Wind power
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Summary:Although decarbonisation is one of the most important macro-trends of this century, electricity generation from coal power plants is still broadly common. The main goal of this study is to evaluate the impact of a premature coal power plants phase-out on the Italian day-ahead electricity market. For this purpose, two electricity price forecasts, related to different scenarios between 2019 and 2030, and two different hypotheses for the creation of electricity spot price, were compared. The results from the different scenarios show that coal power plants phase-out determines a small variation in electricity price when bid-up is not considered; instead, when operators’ bid-up is included in the study, the price variation becomes relevant.
ISSN:1996-1073
1996-1073
DOI:10.3390/en13184596