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Green certificates are the main instrument for promoting renewable electricity (RES-E) in Sweden. But certificates cover only a limited share of total RES-E production. Under partial coverage, crowding out may arise whereby costly new RES-E replaces inexpensive old RES-E. Granting certificates...
Persistent link: https://www.econbiz.de/10011047151
We review the recent empirical research assessing market power on the Nordic wholesale market for electricity, Nord Pool. The studies find no evidence of systematic exploitation of system level market power on Nord Pool. Local market power arising from transmission constraints seems to be more...
Persistent link: https://www.econbiz.de/10005022709
Persistent link: https://www.econbiz.de/10010109282
Persistent link: https://www.econbiz.de/10008896000
Persistent link: https://www.econbiz.de/10008277064
We propose nuclear capacity auctions as a means to improve the incentives for investing in nuclear power. A properly designed auction allocates the license to the most efficient bidder; sells the license if and only if new nuclear power is socially optimal. In particular, capacity auctions open...
Persistent link: https://www.econbiz.de/10013104499
Green certificates are the main instrument for promoting renewable electricity (RES-E) in Sweden. But certificates cover only a limited share of total RES-E production. Under partial coverage, crowding out may arise whereby costly new RES-E replaces inexpensive old RES-E. Granting certificates...
Persistent link: https://www.econbiz.de/10013104518
Persistent link: https://www.econbiz.de/10003926123
We propose nuclear capacity auctions as a means to improve the incentives for investing in nuclear power. A properly designed auction would (i) allocate the license to the most efficient bidder; (ii) sell the license if and only if new nuclear power was socially optimal. In particular, capacity...
Persistent link: https://www.econbiz.de/10009410524
Green certificates are the main instrument for promoting renewable electricity (RES-E) in Sweden. But certificates cover only a limited share of total RES-E production. Under partial coverage, crowding out may arise whereby costly new RES-E replaces inexpensive old RES-E. Granting certificates...
Persistent link: https://www.econbiz.de/10009538836