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Managing the risk associated with uncertain load has always been a challenge for retailers in electricity markets. Yet …-generation, constitutes a new and yet greater volume risk. Using value-at-risk metrics and Monte Carlo simulations based on German historical …
Persistent link: https://www.econbiz.de/10011985190
-term decisionmaking and associated risk exposure of electricity retailers in day-ahead and intraday markets. First, we develop a …-integer optimization model to investigate the trading portfolio and risk optimization problem faced by retailers. Through conditional value-at-risk … we assess retailers' profitability and risk exposure to different levels of PV self-generation by assuming different …
Persistent link: https://www.econbiz.de/10012587557
This paper investigates the forecasting performance of three popular variants of the non-linear GARCH models, namely VS-GARCH, GJR-GARCH and Q-GARCH, with the symmetric GARCH(1,1) model as a benchmark. The application involves ten European stock price indexes. Forecasts produced by each...
Persistent link: https://www.econbiz.de/10011335762
Feed-in tariffs are a widespread policy instrument to support the diffusion of renewable energy technologies. I investigate the impact of the size-based differentiation of these tariffs on the adoption of residential scale solar photovoltaic (PV) installations in Germany. Exploiting a policy...
Persistent link: https://www.econbiz.de/10011946261
The electricity generating sector is the single largest source of climate altering pollution. A country aiming to meet its targets for a net-zero economy needs therefore to radically reduce the emissions stemming from this sector. Charging carbon emissions is the preferred market-friendly policy...
Persistent link: https://www.econbiz.de/10015070331
Es gibt kaum verlässliche empirische Evidenz zu den regionalen Unterschieden in den Bewertungen der im Zuge der Energiewende ergriffenen energiepolitischen Maßnahmen. Wünschenswert wäre daher eine institutionalisierte, regelmäßige Befragung eines festen Panels von Haushalten zu ihren...
Persistent link: https://www.econbiz.de/10011315459
Germany could have reached Kyoto protocol obligations earlier if German solar investments would be relocated to Sicily. Additional benefits of emission savings and energy production should rise up to 72%. Nevertheless German solar power plants 2008 counted for 20 % of the financial benefits...
Persistent link: https://www.econbiz.de/10010302717
As building-integrated photovoltaic (PV) solutions can meet around one-third of electricity demand in Germany and China, both countries are interested in exploring this potential. PV technologies have demonstrated significant price reductions, but large-scale global application of PV requires...
Persistent link: https://www.econbiz.de/10010286290
This article demonstrates that the large feed-in tariffs currently guaranteed for solar electricity in Germany constitute a subsidization regime that, if extended to 2020, threatens to reach a level comparable to that of German hard coal production, a notoriously outstanding example of misguided...
Persistent link: https://www.econbiz.de/10010264711
The mix of public and private research funding investments in alternative energy presents a challenge for isolating the effect of government R&D funding. Factors such as energy prices and environmental policy influence both private and public R&D decisions. Moreover, because government R&D is...
Persistent link: https://www.econbiz.de/10011307107