We analyze the treatment and impact of idiosyncratic or firm-specific risk in regulation. Regulatory authorities regularly ignore firm-specific characteristics, such as size or asset ages, implying different risk exposure in incentive regulation. In contrast, it is common to apply only a single...

Az elmúlt öt évben a megújuló energiaforrások aránya a villamosenergia-termelésben gyorsan növekedett. Ezt a folyamatot az Európai Unió, illetve az egyes tagállamok a kedvezmények széles körével támogatták. A megváltozott piaci feltételek között a hőerőművi kapacitások...

This article examines imperfectly competitive investment in electric power generation in the presence of congestion on the transmission grid. Under simple yet realistic assumptions, it precisely derives the technology mix as a function of the capacity of the transmission interconnection. In...

Im Jahr 2000 wurde das Erneuerbare-Energien-Gesetz (EEG) zur Förderung erneuerbarer Energien durch die rot-grüne Bundesregierung beschlossen. 2050 soll der Anteil der Stromerzeugung aus Erneuerbaren Energien am Bruttostromverbrauch 80% betragen. Die Energiewende scheint zu gelingen – doch zu...

La Tarifa Dignidaden Bolivia, vigente desde 2006, tiene el propósito de incrementar la cobertura del consumo de electricidad en los hogares de menores ingresos de las áreas urbana y rural. El presente documento realiza una evaluación de dicha tarifa con relación a los beneficios que se...

Electricity market models, implemented as dynamic programming problems, have been applied widely to identify possible pathways towards a cost-optimal and low carbon electricity system. However, the joint optimization of generation and transmission remains challenging, mainly due to the fact that...

Liberalized electricity markets are characterized by fluctuating price-inelastic demand of non-storable electricity, often defined by a substantial market share held by one or few incumbent firms. These characteristics have led to a controversial discussion concerning the need for and the design...

Unter dem Merit-Order-Eekt (M-O-E) der erneuerbaren Energien (EE) wird deren preissenkende Wirkung auf die Strompreise auf Großhandelsebene (Börsenpreise) verstanden. Sowohl die Höhe des Merit-Order-Effekts in der kurzen und der langen Frist als auch dessen volkswirtschaftliche Bedeutung ist...

Liberalization of network industries frequently separates the network from the other parts of the industry. This is important in particular for the electricity industry where private firms invest into generation facilities, while net- work investments usually are controlled by regulators. We...

La Tarifa Dignidad en Bolivia, vigente desde 2006, tiene el propósito de incrementar la cobertura del consumo de electricidad en los hogares de menores ingresos del área urbana y rural. El presente documento realiza una evaluación de dicha Tarifa con relación a los beneficios que se otorga a...