Refine
Document Type
Keywords
- Energiewende (3)
- CO2-Bepreisung (1)
- Diesel price (1)
- Energiesysteme der Zukunft (1)
- Error correction model (1)
- Klimaschutz (1)
- Nachhaltige Energiewirtschaft (1)
- Oil price (1)
- Renewable Energies (1)
- Retail fuel (1)
Institute
BTU
Electricity generation from renewable energy is increasing globally. However, in most electricity systems this growth comes at a price in the form of increased costs. This paper quantifies the costs for renewable energy installations built in Germany between 2000 and 2011. Our analysis sheds light on the ‘Energiewende’ in Germany, which is a front runner in the worldwide renewables rollout. To evaluate cost, benefits and policy instruments, the methodology can also be applied to other countries.
Asymmetric cost pass-through between crude oil and retail fuel prices "Rockets and Feathers" has been analysed for different countries and time periods. However, few studies have been conducted for the German market. Furthermore, this study differentiates between company types and regions in this context. We compare price setting behaviour of independent and major brand stations following oil price changes. Furthermore, we differentiate between regions with higher and lower population densities. We establish an error correction model with a novel data set from the years 2011 to 2012. Our results confirm significant differences between price setting behaviour after oil price changes of major brand stations and other stations.
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.