Increasing shares of fluctuating renewable energy, the integration of European electricity grids and markets as well as … new technologies induce continuous change in the European energy system. Due to these changes, fundamental electricity … approximates the supply stack by a piecewise linear function and considers fundamental information, e.g. power plant capacities and …

Due to the call for further integration of European markets and the targeted climate goals, both European electricity … 2015, aiming at a better representation of physics of the electricity grid as well as increased transparency of market …

Optimal capacity allocation for investments in electricity generation assets can be deterministically derived by … perspective. Because existing literature on MVP applications in electricity generation markets uses predominantly numerical … demonstrate an application of the proposed framework and results to the German electricity market which has not yet been treated …

We present a stochastic modelling approach to describe the dynamics of hourly electricity prices. The suggested … electricity spot prices. The basic idea is to analyze day-ahead prices as panel of 24 cross-sectional hours and to identify … distribution forecast accuracy. The application for German electricity prices 2015 reveal that: (i) An autoregressive specification …

Increasing shares of fluctuating renewable energy, the integration of European electricity grids and markets as well as … new technologies induce continuous change in the European energy system. Due to these changes, fundamental electricity … approximates the supply stack by a piecewise linear function and considers fundamental information, e.g. power plant capacities and …

The electricity generation mix of many European countries is strongly dominated by fossil fuelled power plants. Given … branches, most notably the electricity industry are capped and a system of tradable CO2 emission permits is established …) model is developed, which allows to model investment incentives in the electricity sector. It takes into account major power …

In the context of yardstick regulation with long-lived assets, the influence of heterogeneous investment cycles on the … electricity distribution illustrates the relevance of the problem. Finally, two alternatives, branch average cost yardstick …

In the context of yardstick regulation with long-lived assets, the influence of investment cycles and thereof resulting … problems of capital-recovery under an efficient firm standard yardstick regulation based on historic (straight …

We analyze the treatment and impact of idiosyncratic or firm-specific risk in regulation. Regulatory authorities … regulation. In contrast, it is common to apply only a single benchmark, the weighted average cost of capital (WACC), uniformly to … electricity network operators. In a simulation model for Germany, we find that capital costs increase by approximately 0.2 to 3 …