Durch die Gasspeicherregelungen soll die Versorgungssicherheit im Winter erhöht werden. Ausschreibungen und direkte Beschaffung durch den Marktgebietsverantwortlichen sollen die Befüllung der Gasspeicher sicherstellen. Beide Instrumente können zu einer Verdrängung von anderen Speichermengen...

This study analyzes the short-run effects on the German economy of the fossil energy crisis in 2022 and discusses some implications for the design of a resilient, renewable energy system. The study shows that the energy crisis led to a short-run output loss comparable to the output losses...

Will private households owning a photovoltaic system share their electricity during a long-lasting power outage? Prior research has shown that our energy systems need to become more resilient by using dispersed energy sources-a role that could well be performed by these private photovoltaic...

Based on data from a representative survey among citizens in Germany during the peak of the COVID-19 crisis, this paper empirically examines the acceptance of climate-oriented economic stimulus programs and several further climate policy measures. Our descriptive analysis shows no general lower...

This report contains three separate papers, each addressing selected issues concerning natural gas policy and security of gas supply in Europe. The over-arching themes are vulnerability (to supply disruptions, to supplier pricing power) and fragmentation; and measures designed to overcome them,...

The relationship between gasoline prices and the demand for vehicle fuel efficiency is important for environmental policy but poorly understood in the academic literature. We provide empirical evidence that automobile manufacturers price as if consumers respond to gasoline prices. We derive a...

In den letzten Jahren wird vermehrt die Sorge geäußert, dass die Energiewende die Sicherheit der Stromversorgung in Deutschland langfristig durch Engpässe und Stromausfälle gefährden könnte. Während der Ausbau von volatiler Stromerzeugung aus Wind- und Sonnenenergie mit hohem Tempo...

Die Lage der russischen Wirtschaft ist dramatisch. Um 3,7% ist die gesamtwirtschaftliche Leistung 2015 eingebrochen. Die verhängten Wirtschaftssanktionen sowie der Ölpreisverfall haben zu der Abwärtsspirale beigetragen. Doch die eigentlichen Schwächen der russischen Wirtschaft sind eher...

Unbundling of vertically integrated utilities has become an integral element in the regulation of network industries and has been implemented in many jurisdictions. The idea of separating the network, as the natural monopoly, from downstream retailing, which may be exposed to competition, is...

The movement to deregulate major industries over the past 40 years has produced large efficiency gains. However, distributional effects have been more difficult to assess. In the electricity sector, deregulation has vastly increased information available to market participants through the...