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weather data as instruments for electricity spot market prices. We find that the reforms were jointly successful in decreasing …
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zu beurteilen, ob die Ausübung von Marktmacht die Ressourcenallokation auf den deutschen und ungarischen … Ausübung von Marktmacht bedingten Verzerrungen allerdings als gering anzusehen sind. Die Schätzungen implizieren, dass die …, dass die Marktmacht der Verarbeiter im deutschen Schweinesektor abnehmend ist, während sie sich im ungarischen Sektor …
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Britain was the exemplar of electricity market reform, demonstrating the importance of ownership unbundling and … subsequent mergers. Competition arrived just as the Pool was replaced by New Electricity Trading Arrangements (NETA) intended to …
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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...
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From auction theory we know that multi-unit, pay-as-bid auctions in general lead to bid shading and thus to an inecient allocation. This result is supported by historical data from the German market for balancing power, which show that bidders bid well above their actual costs. In contrast to...
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empirical market data from Germany. Despite German VRE capacity doubled during the last five years and has surpassed 70% of peak … household electricity prices. Nevertheless, we identify several sources of inefficiency in control power markets and imbalance …
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This article examines potential cost reductions in the market for balancing power by pooling all four German control areas. In a united control area both the procurement and the production of balancing power may be more efficient than in four separated control areas. Our data contain published...
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