The German reserve power market was subject to important regulatory changes in recent years. A new market design was created by synchronization and interconnection of the four control areas. In this paper, we analyze whether or not the reforms led to lower prices for minute reserve power (MRP)....

This paper argues against the rapid implementation of capacity mechanisms in Germany. There is no systematic, non-temporary market failure in the German wholesale electricity market which could justify such a Government intervention. Neither the low elasticity of demand nor debatable public good...

Abstract: Die Autoren analysieren vor dem Hintergrund der Ziele der Energiewende die Defizite der momentanen Förderung erneuerbarer Energien und das Potenzial für ihre Integration in den Strommarkt. Darauf aufbauend analysieren die Autoren als Reformoptionen (a) eine Anpassung des bisherigen...