Composition of Electricity Generation Portfolios, Pivotal Dynamics, and Market Prices
通过模拟研究发电技术多样化如何影响批发市场价格，发现供需比是中介变量，且存在阈值改变关键动态，导致多样化对价格的影响呈非线性。
We use simulations to study how the diversification of electricity generation portfolios influences wholesale prices. We find that the relationship between technological diversification and market prices is mediated by the supply-to-demand ratio. In each demand case there is a threshold where pivotal dynamics change. Pivotal dynamics pre- and post-threshold are the cause of nonlinearities in the influence of diversification on market prices. The findings are robust to changes in the main market assumptions.