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In the course of the crisis in the Ukraine, most leading politicians in Eastern European countries, such as Poland, the Baltic States and Ukraine itself, identified the high dependency on natural gas imports from Russia as a threat to energy security. Hopes of independence through extraction of...
Persistent link: https://www.econbiz.de/10014109317
guaranteed feed-in tariffs, a price control policy. In this paper we contrast these two alternatives in terms of social welfare …, taking into account that electricity markets are not perfectly competitive, and show that the price control policy dominates …
Persistent link: https://www.econbiz.de/10013116062
In distinct decision environments,consumers often fail to financially optimize their decisions. In liberalized electricity markets, consumers frequently do not optimize their electricity choices and stick with the default providers instead, despite the ability to choose among an increasingly...
Persistent link: https://www.econbiz.de/10012827006
electricity price or electricity output. The results obtained suggest that parameters such as the level of future operation and … maintenance costs, the expected development of the electricity price at the spot market, and the interrelations between these, as …
Persistent link: https://www.econbiz.de/10012844612
Persistent link: https://www.econbiz.de/10011937054
guaranteed feed-in tariffs, a price control policy. In this paper we contrast these two alternatives in terms of social welfare …, taking into account that electricity markets are not perfectly competitive, and show that the price control policy dominates …
Persistent link: https://www.econbiz.de/10003894058
Persistent link: https://www.econbiz.de/10008901628
Persistent link: https://www.econbiz.de/10003949156
Persistent link: https://www.econbiz.de/10011533700
We develop a model of the European electricity market that allows analyzing the impact of consumers' price sensitivity … price sensitivity is not available, so that we analyze its impact in a range of simulations. Contrary to apparently … straightforward expectations, we find that a higher price sensitivity increases average prices under reasonable assumptions. The …
Persistent link: https://www.econbiz.de/10013135040