We analyze the gross welfare gains from real-time retail pricing in electricity markets where carbon taxation induces investment in variable renewable technologies. Applying a stylized numerical electricity market model, we find a U-shaped association between carbon taxation and gross welfare...

We develop a dispatch and investment model to study the role of power storage and other flexibility options in a greenfield setting with high shares of renewables. The model captures multiple system values of power storage related to arbitrage, dispatchable capacity, and reserves. In a baseline...

We examine the effects of future renewable expansion in Germany on residual load and renewable surplus generation for policy-relevant scenarios for 2022, 2032 and 2050. We also determine the storage capacities required for taking up renewable surpluses for varying levels of accepted curtailment....

The Energiewende in Germany aims at increasing the share of fluctuating renewable energy drastically. With this, new challenges for the electricity system arise. Different types of storage and other flexibility options are available to cope with these challenges. This paper discusses different...

The German energy transition makes it necessary to increase flexibility in the electricity system. Different forms of power storage may play a part in this, yet there is competition with other options on the production or demand side. In the short term, the further expansion of electricity...

The German energy transition makes it necessary to increase flexibility in the electricity system. Different forms of power storage may play a part in this, yet there is competition with other options on the production or demand side. In the short term, the further expansion of electricity...

I examine the effects of increasing amounts of fluctuating renewable energy on residual load, which is defined as the difference between actual power demand and the feed-in of non-dispatchable and inflexible generators. I draw on policy-relevant scenarios for Germany and make use of extensive...

We examine the effects of future renewable expansion in Germany on residual load and renewable surplus generation for policy-relevant scenarios for 2022, 2032 and 2050. We also determine the storage capacities required for taking up renewable surpluses for varying levels of accepted curtailment....

Im Zuge der Energiewende werden die fluktuierenden erneuerbaren Energien in Deutschland stark ausgebaut. Dadurch ergeben sich neue Herausforderungen für das Elektrizitätssystem. In diesem Beitrag wird zunächst dargestellt, welche Arten von Speichern und anderen Flexibilitätsoptionen...

We develop a dispatch and investment model to study the role of power storage and other flexibility options in a greenfield setting with high shares of renewables. The model captures multiple system values of power storage related to arbitrage, dispatchable capacity, and reserves. In a baseline...