What is a good balance between competition and coordination in network industries? Network unbundling aims to promote competition, but this has to be balanced against the downside of unbundling: firm-internal coordination falls away and must be replaced by external market mechanisms. This is a...

Electricity networks currently face massive investment requirements. This paper argues that, given the investment requirements, (international) benchmarking is not an adequate tool for the regulation of transmission system operators (TSO). Errors in the outcomes of benchmarking will likely...

Im Fokus des Projektvorhabens stand der Umgang mit stranded asset Risiken im Bereich der Gasnetze, die sich durch die neuen politischen Rahmenbedingungen zur Klimaneutralität bis 2045 ergeben. Basierend auf einer Analyse der international bereits umgesetzten Ansätze zur Adressierung des...

Ziel einer output-orientierten Regulierung (OOR) ist die gezielte Anreizung vorgegebener Leistungsziele (Outputs), die im Rahmen einer ansonsten vorwiegend auf Kosteneffizienz ausgerichteten Anreizregulierung nicht im gesellschaftlich erwünschten Maße gefördert werden. Sie ergänzt die im...

Mit der zunehmenden Dezentralisierung und Digitalisierung der Stromversorgung steigt auch der Bedarf an Innovationen im regulatorischen Rahmen, um die institutionellen Rahmenbedingungen an die sich ändernden Anforderungen anzupassen. Die SINTEGVerordnung und analoge Ansätze für Reallabore...

This paper provides a formal analysis on the investment coordination problem in a vertically separated electricity supply industry, although the analysis may apply also to other network industries. In an electric- ity system, the investment decisions of network and power plants need to be...

Most transmission systems in Europe are currently in need of large network expansions, in particular to cope with increasing shares of load remote renewable energy sources. Given that the scope for further cost reductions is largely exhausted, we observe a paradigm shift into the direction of...

The purpose of this research is to evaluate the impact of vertical unbundling on German electric utilities. Our research mainly relies on in-depth interviews with sector-experts from the German utilities. We will discuss both short-term changes and the long-term impact on competition in the...

How should we select winning bids of generation units for strategic reserves that consist of capacity bids and energy bids? In this paper, we analyze two selecting mechanisms (scoring rules): "simultaneous" and "sequential". In case of a simultaneous scoring rule, capacity and energy bids are...

Smart contracts based on voluntary participation and optionality can be a low transaction cost solution to implement locational signals in distribution networks and thereby avoid network investment. This paper examines the efficiency properties of smart contracts. Based on a three-node example...