I estimate the level of emissions cost pass-through to hourly wholesale electricity prices in Germany, based on spot … generation, and intersecting it with residual demand for fossil-based electricity for every hour. Determining the marginal … electricity prices by at least 84 %, with a central range of 98 %–104 % for different load periods. My results suggest that there …

areas. In particular, the U.S. telecommunications sector was hit by a deep crisis and electricity reforms suffered under the … telephony and the electricity sector. Part of the explanation lies in an underestimate of the coordination problems, resulting …

Several regulatory authorities worldwide have recently imposed forward contract obligations on electricity producers as … bidding in electricity markets, or in any other auction-based market. For this purpose, we introduce forward contracts in a …

Myriad policy measures aim to reduce greenhouse gas emissions from the electricity sector, promote generation from … lower electricity prices. Even with multiple market failures, emissions pricing remains the single most cost …

, however, be observed across countries and sectors. We focus on electricity and gas sectors because energy sectors have usually …

We develop a theoretical model of long-run investment decisions on capacity in the context of a liberalized electricity …

Motivated by the regulatory debate in electricity markets, we seek to understand how market design affects market …