Refine
Year of publication
Document Type
Way of publication
- Open Access (17)
Keywords
- Energy markets and pricing (6)
- Renewable energy (4)
- Energiewende (3)
- Erneuerbare Energien (3)
- Germany (3)
- Uncertainty (3)
- Auction (2)
- Costs (2)
- Europe (2)
- European gas market (2)
- Hydrogen (2)
- Kohleausstieg (2)
- Nature Energy (2)
- Portfoliomanagement (2)
- Renewable energy sources (2)
- Supply chains (2)
- Wind (2)
- offshore wind (2)
- optimales Auktionsdesign (2)
- Acceptance (1)
- Adaptation models (1)
- Adaptive robust optimization (1)
- Arbeitsplatzeffekt (1)
- Auction database (1)
- Balancing Power Markets (1)
- Bioenergy (1)
- CO2 price (1)
- CO2-Bepreisung (1)
- Capacity planning (1)
- Coal phase-out (1)
- Community energy (1)
- Competition (1)
- Competitive Benchmarking (1)
- Conventional power plants (1)
- Data pre-processing (1)
- Day-ahead electricity prices (1)
- Decarbonisation (1)
- Demand response (1)
- Deutschland (1)
- Diesel price (1)
- Difference-in-Differences (1)
- Direktvermarktung (1)
- Einspeisung Strom (1)
- Electricity Price (1)
- Electricity markets Energy modeling (1)
- Emissionshandel (1)
- Employment (1)
- Energiebeschaffung (1)
- Energiesysteme (1)
- Energiesysteme der Zukunft (1)
- Energiewennde (1)
- Energiewirtschaft (1)
- Energy Economics (1)
- Energy Systems (1)
- Energy system modelling (1)
- Energy systems modelling (1)
- Error correction model (1)
- Evaluating forecasts (1)
- Financial participation (1)
- Flexibility (1)
- Forecasting practice (1)
- Fracking (1)
- Gasversorgungsunternehmen (1)
- Generation and transmission (1)
- Green chemical energy carriers (1)
- Green products (1)
- Hedonic pricing (1)
- Hedonic valuation (1)
- Hydrogen derivates (1)
- Hydrogen production costs (1)
- Hydrogen supply costs (1)
- Hydrogen transportation costs (1)
- IEEE Fellows (1)
- Industries (1)
- Investment (1)
- Kapazitaetsmaerkte (1)
- Kernkraftwerk (1)
- Laufzeitverlängerung (1)
- Local acceptance (1)
- Market Power (1)
- Marktdesign (1)
- Mathematical Programming (1)
- Mathematical models (1)
- Meta-analysis (1)
- Model selection (1)
- Netzengpässe (1)
- Oekonomische Auswirkungen (1)
- Offshore wind auctions (1)
- Offshore-Windenergie (1)
- Offshore-Windtechnologien (1)
- Oil price (1)
- Onshore (1)
- Optimierungsstrategien (1)
- Optimization (1)
- Optimization Model (1)
- Photovoltaics (1)
- Photovoltaics forecasting (1)
- Pipelines (1)
- Planning (1)
- Policy Brief zu Strompreis- und Arbeitsplatzeffekten eines Kohleausstiegs (1)
- Policy analysis (1)
- Power systems (1)
- Project completion (1)
- Regelenergie (1)
- Remuneration Mechanism (1)
- Renewable Energies (1)
- Retail fuel (1)
- Revenue stabilisation (1)
- Risk aversion (1)
- Rockets and feathers (1)
- Schriftenreihe Energiesysteme der Zukunft (1)
- Sektorziele (1)
- Solar energy forecasting (1)
- Solar fields (1)
- Spatial analysis (1)
- Statistical analysis (1)
- Stochastic programming (1)
- Storage (1)
- Strommärkte (1)
- Strompreis (1)
- Stromversorgungssystem (1)
- Support scheme (1)
- Teaching (1)
- Tender design (1)
- Voraussetzungen einer optimalen erneuerbarer Energie, Stromversorgungssystem (1)
- Wind turbines (1)
- bottom-up modeling (1)
- cap-and-trade (1)
- carbon price (1)
- climate change (1)
- companies (1)
- cost minimisation (1)
- cost minimization (1)
- cost-benefit analysis (1)
- costs from wind energy (1)
- diesel price (1)
- differences-in-differences (1)
- efficiency (1)
- electricity market (1)
- electricity system (1)
- energy modelling (1)
- energy policy (1)
- erneuerbare Energien (1)
- error correc tion model (1)
- expansion (1)
- germany’s energy transition (1)
- global warming (1)
- integrated energy system modeling (1)
- market design (1)
- market modelling (1)
- market value (1)
- natural gas market (1)
- offshore wind farms (1)
- oil price (1)
- photovoltaic auction program (1)
- power curves (1)
- renewable energy (1)
- renewable energy auction (1)
- renewable energy sources (1)
- reta il fuel (1)
- rockets and feathers (1)
- seasonality (1)
- spatial analysis (1)
- stochastic modeling (1)
- support scheme (1)
- wind energy (1)
- wind power (1)
- ökonomischen Theorie (1)
Institute
Economists often analyze asymmetric cost passthrough
between retail fuel prices and oil prices (‘Rockets and
Feathers’) as a proxy for market power. Such symmetries have been analyzed for different countries and time periods. However, few studies have been conducted for the German market. Furthermore, no study has differentiated between
company types in this context. In this paper, we analyze market behavior in the German diesel market. We compare the pricing strategies of independent petrol stations with the general diesel market. Independent petrol stations have no connection with popular fuel brands and therefore might decrease market power of dominating brand stations. We use an error correction model for the period from 2011 to 2012 to evaluate the specific market behavior. We conclude that asymmetric pricing behavior is given for independent petrol stations as well as for the whole German market.
This paper presents a fundamental electricity market model capturing many essential features of investments in electricity markets - fuel price developments, investment and generation costs, demand and dynamic effects such as start-up costs and (pump) storage dispatch. The partial equilibrium model minimizes the total costs of the electricity system ensuring demand coverage. The model optimizes both long-run investment as well as short-run dispatch decisions. From the optimal solution, the optimal future generation technology mix and dispatch can be derived. Furthermore, using the concept of shadow prices in mathematical programming, we calculate electricity price predictions. The model is applied to analyze the effect of recent political shocks in German nuclear energy policy on the electricity market and the power plant portfolio. The effect is quantified using the example of a specific combined cycle gas turbine project. We find a significant impact on the future net revenues.
Dieser Impuls stellt Zwischenergebnisse der ESYS Arbeitsgruppe „Strommarktdesign“ vor. Ein Schwerpunkt der Arbeitsgruppe ist ein verbessertes Marktdesign für die Sektorenkopplung, dessen wesentlicher Bestandteil eine wirksame CO2-Bepreisung ist. Aufgrund der aktuellen klimapolitischen Debatten und der damit verbundenen großen Dynamik hat die Arbeitsgruppe dieses Impuls mit besonderem Fokus auf dem CO2-Preis
verfasst. Die Gesamtergebnisse werden 2020 in einer ausführlichen Studie veröffentlicht, die auch weitere Aspekte des Strommarktdesigns umfasst.
The future development of CO2emissions in the German electricity sector by 2030 is unclear: On the one hand, the amendment to the Climate Protection Act (from August 2021) aims to tighten emission reduction targets in order to promote the path to a decarbonised energy system. On the other hand, the complex interplay between the main instruments for reducing carbon emissions, fuel prices and the current energy shortage as a result of Russia's attack on Ukraine is creating pressure for an increase in emissions.
In our study, we examine whether Germany is on track to achieve its climate protection targets for 2030 and which measures can increase the likelihood. To do this, we use an energy system model parameterized to reflect the situation in the energy market in 2021, i.e. before Russia's attack on Ukraine. In addition to the quantitative side, we provide a qualitative analysis of the energy market in the light of recent events. We stress the importance of introducing a carbon price floor that can be dynamically changed in response to the development of other market forces and policies. This instrument would institutionalize a more plausible path to decarbonization and provide reassurance to investors.
We quantify the net external effects of conventional and renewable electricity generators by analyzing housing prices in their vicinity. Using a Differences-in-Differences approach, we find that (1) wind turbines reduce prices significantly, (2) solar fields have no significant impact, and (3) conventional plants over 1 km away show positive net effects. We set out to explain this result by disentangling the positive local external effects of energy generation, which we measure in terms of local purchasing power and tax revenues. Our results show that the commissioning of conventional power stations results in a significant increase in both purchasing power and business tax income in the vicinity. We thus conclude that significant financial participation of the local public in the development of renewable energy projects, especially wind turbines, could be key to increasing their acceptance and accelerating their expansion.
Auctions are a highly demanded policy instrument for the promotion of renewable energy sources. Their flexible structure makes them adaptable to country-specific conditions and needs. However, their success depends greatly on how those needs are operationalised in the design elements. Disaggregating data from the German onshore wind auction programme into individual projects, we evaluated the contribution of auctions to the achievement of their primary (deployment at competitive prices) and secondary (diversity) objectives and have highlighted design elements that affect the policy's success or failure. We have shown that, in the German case, the auction scheme is unable to promote wind deployment at competitive prices, and that the design elements used to promote the secondary objectives not only fall short at achieving their intended goals, but create incentives for large actors to game the system.