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The purpose of this research is to evaluate the impact of vertical unbundling on German electric utilities. Our …-term changes and the long-term impact on competition in the electricity market as well as the impact on costs and security of … supply. Overall, we have two main conclusions. First, the major step in the unbundling process is from "lean legal unbundling …
Persistent link: https://www.econbiz.de/10010421010
tighter regulation. Using data from the electricity industry, this analysis considers the total effect of restructuring on one … restructuring in the electricity generation industry. As numerous industries and economies have undergone this sort of transition to …
Persistent link: https://www.econbiz.de/10012056312
The next years should bring about a rapid transformation of the electricity sector towards high levels of renewable …, and keeping the costs down in distribution networks. Network unbundling on the other hand is essential for competition in … the liberalized electricity industry. It forces independence of the networks and thereby eliminates concern that incumbent …
Persistent link: https://www.econbiz.de/10010421006
Recent rate increases by U.S. freight railroads have refocused attention on regulation, deregulation, and regulatory …
Persistent link: https://www.econbiz.de/10012056321
whether unbundling requirements should be extended. Secondly, it discusses a possible new design of price regulation …A current topic in Germany and the EU is the review of railway legislation regarding access and price regulation as … well as unbundling requirements of infrastructure and transport services. The debate focuses firstly on the question …
Persistent link: https://www.econbiz.de/10010378010
regulation, vertical integration and legal unbundling regimes provide highest investment incentives and lead to highest welfare … structures such as vertical integration, ownership and legal unbundling lead to different investments. We find that, without … the entrant is low. Under ownership unbundling, investment incentives are lower but there is never foreclosure of the …
Persistent link: https://www.econbiz.de/10010286357
Die Zunahme von Netzengpässen durch dezentrale Erzeuger erfordert eine aktive regulatorische Beanreizung von Maßnahmen des Engpassmanagements (EPM) als Alternative zum konventionellen Netzausbau. Gleichzeitig soll der Kostenanstieg mittels Effizienzanreizen begrenzt werden. Für die geplante...
Persistent link: https://www.econbiz.de/10012671208
Persistent link: https://www.econbiz.de/10011689933
Unbundling of vertically integrated utilities has become an integral element in the regulation of network industries … effects is still lacking. In this paper we study the effect of legal unbundling on grid charges in the German electricity … able to identify heterogeneous effects of legal unbundling for different types of price regulation, because we observe a …
Persistent link: https://www.econbiz.de/10011933949
Power market integration is analyzed in a two countries model with nationally regulated firms and costly public funds. If generation costs between the two countries are too similar negative business-stealing outweighs efficiency gains so that following integration welfare decreases in both...
Persistent link: https://www.econbiz.de/10010283608