We develop a game-theoretic electricity market model that allows analyzing strategic electricity storage in an … storage operation. We find that introducing storage generally smoothes conventional generation patterns and market prices and … increases consumer rent and overall welfare. In contrast, electricity producers generally suffer from storage. We also find that …

Renewable energy such as wind or solar power currently contributes a large share to the total German electricity supply … intermittent renewable supply affect forward premiums in German electricity markets. We contribute to the existing literature by …

We analyze the current regulatory regime for electricity transmission in Germany, which combines network planning with …

The German decision to finally phase-out nuclear electricity has led to a debate on its effects on electricity prices …, emission prices in the European emission trading system, as well as on international electricity trade. We investigate these … phase-out on electricity and emission prices. Under a tight system, however, investments in conventional generation are …

This paper analyzes the dynamic behavior of day-ahead spot prices in the German electricity spot market due to positive … prices than solar power shocks. These may be explained by significant autocorrelations of wind power for larger lags. The …