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A welfare analysis of the electricity transmission regulatory regime in Germany

Kemfert, Claudia; Kunz, Friedrich; Rosellón, Juan - 2015

We analyze the current regulatory regime for electricity transmission in Germany, which combines network planning with both cost-plus and revenue-cap regulations. After reviewing international experiences on transmission investment, we first make a qualitative assessment of the overall German...

Persistent link: https://www.econbiz.de/10011292834

Coordinating cross-country congestion management

Kunz, Friedrich; Zerrahn, Alexander - 2016

We employ a detailed two-stage model to simulate the operation of the Central Eastern European electricity market and network. Implementing different cases of coordination in congestion management between national transmission system operators, numerical results show the beneficial impact of...

Persistent link: https://www.econbiz.de/10011436037

FTR allocations to ease transition to nodal pricing : an application to the German power system

Kunz, Friedrich; Neuhoff, Karsten; Rosellón, Juan - 2014

A shift from zonal pricing to smaller zones and nodal pricing improves efficiency and security of system operation. Resulting price changes do however also shift profits and surplus between and across generation and load. As individual actorscan lose, they might oppose any reform. We explore how...

Persistent link: https://www.econbiz.de/10010417445

Development scenarios for the North and Baltic Sea grid : a welfare economic analysis

Egerer, Jonas; Kunz, Friedrich; Hirschhausen, Christian … - 2012

The North and Baltic Sea Grid is one of the largest pan-European infrastructure projects raising high hopes regarding the potential of harnessing large amounts of renewable electricity, but also concerns about the implementation in largely nationally dominated regulatory regimes. The paper...

Persistent link: https://www.econbiz.de/10009688775

Integrating intermittent renewable wind generation : a stochastic multi-market electricity model for the European electricity market

Abrell, Jan; Kunz, Friedrich - 2013

In northern Europe wind energy has become a dominating renewable energy source due to natural conditions and national support schemes. However, the uncertainty about wind generation affects existing network infrastructure and power production planning of generators and cannot not be fully...

Persistent link: https://www.econbiz.de/10009744986

Renewable electric energy integration : quantifying the value of design of markets for international transmission capacity

Neuhoff, Karsten; Boyd, Rodney; Grau, Thilo; Barquin, Julian - 2011

Integrating large quantities of supply-driven renewable electricity generation remains a political and operational challenge. One of the main obstacles in Europe to installing at least 200 GWs of power from variable renewable sources is how to deal with the insufficient network capacity and the...

Persistent link: https://www.econbiz.de/10009579625

A coordinated strategic reserve to safeguard the European energy transition

Neuhoff, Karsten; Diekmann, Jochen; Kunz, Friedrich; … - 2015

In Germany and beyond, various capacity mechanisms are currently being discussed with a view to improving the security of electricity supply. One of these mechanisms is a strategic reserve that retains generation capacity for use in times of critical supply shortage. We argue that strategic...

Persistent link: https://www.econbiz.de/10011294099

Information sharing and cross-border entry in European banking

Giannetti, Caterina; Jentzsch, Nicola; Spagnolo, Giancarlo - 2010

Information asymmetries can severely limit cross-border border expansion of banks. When a bank enters a new market, it has incomplete information about potential new clients. Such asymmetries are reduced by credit registers, which distribute financial data on bank clients. We investigate the...

Persistent link: https://www.econbiz.de/10003939712

Economic Integration and Investment Incentives in Regulated Industries

Auriol, Emmanuelle; Biancini, Sara - C.E.P.R. Discussion Papers - 2009

The paper studies the impact of market integration on investment incentives in non-competitive industries. It distinguishes between investment in transportation and production cost-reducing technologies. Each domestic firm is controlled by a national regulator in a common market made of two...

Persistent link: https://www.econbiz.de/10005012490

Government Outsourcing: Public Contracting with Private Monopoly

Auriol, Emmanuelle; Picard, Pierre M - C.E.P.R. Discussion Papers - 2006

The paper studies the impact of government budget constraint in a pure adverse selection problem of monopoly regulation … to regulation is proposed in which firms are free to enter the market and to choose their price and output levels … than traditional regulation where governments commit to both investment and operation cash-flows. This is especially …

Persistent link: https://www.econbiz.de/10005067470