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Is There Still a Case for Merchant Interconnectors?: Insights from an Analysis of Welfare and Distributional Aspects of Options for Network Expansion in the Baltic Sea Region
Gerbaulet, Clemens; Weber, Alexander - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2014
Despite the ongoing appetite of financial investors for merchant investments into the European electricity network, the EC is reluctant to approve such undertakings, thus implicitly favoring regulated investments. Based on a two-level model, we analyze the impact of profit-maximizing merchant...
Persistent link: https://www.econbiz.de/10010886165
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A Profit-Maximizing Approach for Transmission Expansion Planning Using a Revenue-Cap Incentive Mechanism
Hesamzadeh, Mohammad Reza; Rosellón, Juan; Gabriel, … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2015
This paper proposes an incentive mechanism for transmission expansion planning. The mechanism is a bilevel program. The upper level is a profit-maximizing transmission company (Transco) which expands its transmission system while endogenously predicts and influences the generation investment....
Persistent link: https://www.econbiz.de/10011255282
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The Welfare Impact of Parallel Imports: A Structural Approach Applied to the German Market for Oral Anti-Diabetics
Duso, Tomaso; Herr, Annika; Suppliet, Moritz - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2014
We investigate the welfare impact of parallel imports using a large panel data set containing monthly information on sales, ex-factory prices, and further product characteristics for all 700 anti-diabetic drugs sold in Germany between 2004 and 2010. We estimate a two-stage nested logit model of...
Persistent link: https://www.econbiz.de/10011266596
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Increasing Block Tariffs in the Water Sector: An Interpretation in Terms of Social Preferences
Meran, Georg; Hirschhausen, Christian von - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2014
Many developing countries around the world apply progressive water tariffs, often structured in the form of discretely increasing block tariffs (IBTs). These tariffs have been criticized in the welfare economic literature due to their perceived inefficiency: many of the prices charged under IBTs...
Persistent link: https://www.econbiz.de/10011266599
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Transmission Investment in the Peruvian Electricity Market: Theory and Applications
Ruiz, Erix; Rosellón, Juan - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2011
This research presents an application of the Hogan, Rosellón and Vogelsang (2010) (HRV) mechanism to promote electricity transmission network expansion in the Peruvian electricity transmission system known as SEIN (Sistema Eléctrico Interconectado Nacional). The HRV mechanism combines the...
Persistent link: https://www.econbiz.de/10009367487
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Long-Run Cost Functions for Electricity Transmission
Rosellón, Juan; Vogelsang, Ingo; Weigt, Hannes - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010
Electricity transmission has become the pivotal industry segment for electricity restructuring. Yet, little is known about the shape of transmission cost functions. Reasons for this can be a lack of consensus about the definition of transmission output and the complexitity of the relationship...
Persistent link: https://www.econbiz.de/10008466007
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Pricing Natural Gas in Mexico: An Application of the Little Mirrlees Rule: The Case of Quasi-Rents
Brito, Dagobert L.; Rosellón, Juan - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010
In 1997, the Comisión Reguladora de Energía of Mexico implemented a netback rule for linking the Mexican natural gas price to the Texas price. At the time, the Texas price reflected a reasonably competitive market. Since that time, there have been dramatic increases in the demand for natural...
Persistent link: https://www.econbiz.de/10008564679
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Impact of Renewable Energy Act Reform on Wind Project Finance
Tisdale, Matthew; Grau, Thilo; Neuhoff, Karsten - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2014
The 2014 reform of the German Renewable Energy Act introduces a mandatory shift from a fixed feed-in tariff to a floating premium system. This is envisaged to create additional incentives for project developers, but also impacts revenues and costs for new investments in wind generation. Thus...
Persistent link: https://www.econbiz.de/10010896182
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Network Expansion to Mitigate Market Power: How Increased Integration Fosters Welfare
Zerrahn, Alexander; Huppmann, Daniel - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2014
upgrades, considering welfare benefits of investments through a reduction of market power exertion by strategic generators … first model effectively endogenizing the trade-off between costs of grid investment and benefits by reduced market power … potential. In a three-node network, we illustrate three distinct strategic effects: firstly, by reducing market power exertion …
Persistent link: https://www.econbiz.de/10010783988
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National-Strategic Investment in European Power Transmission Capacity
Huppmann, Daniel; Egerer, Jonas - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2014
The transformation of the European energy system requires substantial investment in transmission capacity to facilitate cross-border trade and to efficiently integrate renewable energy sources. However, network planning in the EU is still mainly a national prerogative. In contrast to other...
Persistent link: https://www.econbiz.de/10010783995