lower electricity prices. Even with multiple market failures, emissions pricing remains the single most cost …Myriad policy measures aim to reduce greenhouse gas emissions from the electricity sector, promote generation from … renewable sources, and encourage energy conservation. To what extent do innovation and energy efficiency (EE) market failures …

subsidized entry of wind power in the Nordic electricity market. A relatively small-scale entry of renewables leads to a large … the total electricity market expenditures. The subsidies generate net gains to consumers. We develop an approach to …-scale transfer of surplus from the incumbent producers to the consumers: 10 % market share for wind generation eliminates one-half of …

We investigate the displacement effects of phase-out-of-coal policies in a stylized model of electricity generation and … CO2 regulation, in which a group of countries operates an emissions trading scheme (ETS). Electricity markets are either … electricity, some emissions as well as some coal-based electricity ‘leak’ into other countries and the aggregate welfare of the …

are on electricity-included property lease contracts causing them to face a marginal electricity price of zero. We use … electricity in response to summer temperature fluctuations. The result is retrieved under weaker identifying assumptions than … previous split incentives papers, and is robust when exposed to several opportunities to fail. The electricity reduction in …

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

emerging risks of extreme weather events, in particular, droughts and high temperatures, for the German power sector. Our … higher frequency of power plants outages as a consequence of droughts and high temperatures. We investigate increases in the … wholesale electricity price and price volatility and develop a capacity-adjusted drought index. The results are used to assess …

multiple channels to energy shocks, even though electricity and gas bills represent a very small share of their total costs … most energy intensive firms. We also find that the impact of electricity shocks has weakened over time, suggesting that … electricity and gas price increases, firms are less able to reduce their consumption. These results shed light on the mechanisms …

This paper asks whether increasing productivity in the electricity sector can yield larger long-run GDP gains than … suggested by electricity's small share of aggregate economic activity. We answer this question using a dynamic model in which … electricity is a strong complement to other inputs in production. We parameterize the model using our own new measures of …

I estimate the level of emissions cost pass-through to hourly wholesale electricity prices in Germany, based on spot … market data. I control for contemporaneous shocks to demand and supply by constructing a detailed supply curve for fossil … generation, and intersecting it with residual demand for fossil-based electricity for every hour. Determining the marginal …

Program (NBP) as a case study, this analysis tests whether power plants in states which chose an updating allocation increase … their electricity production relative to plants in states that chose a fixed allocation. Results find that updating … and market conditions. …