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The European Commission is introducing new regulations on submission and publication of data in electricity markets … (SPDEM) and on wholesale energy market integrity and transparency (REMIT). I discuss issues relevant for undertaking an … immediacy. I conclude that to achieve the aims of efficiently functioning wholesale electricity markets, fair and non …
Persistent link: https://www.econbiz.de/10009745912
In this paper we analyze the time series of daily mean prices generated in the Italian electricity market, which … seasonalities in the electricity prices. We use periodic models with GARCH disturbances and leptokurtic distribution and compare …
Persistent link: https://www.econbiz.de/10014059389
underlined with lessons from (European) electricity and railways. …
Persistent link: https://www.econbiz.de/10010423547
of market power may lead to increased markups. We use a detailed dataset on electricity transactions to investigate the … impact of market-based deregulation in the context of the U.S. electricity sector. We find that the increase in markups …
Persistent link: https://www.econbiz.de/10012514582
The German electricity market has recovered well from the 2022 energy crisis. Policymakers should now redirect the … focus of energy policy to further expanding renewable energy sources. The year 2023 showed that the German electricity … climate policy to cover 80 percent of electricity consumption with renewable energy sources, as the German Renewable Energy …
Persistent link: https://www.econbiz.de/10014536114
This paper investigates whether European electricity market reforms have induced any changes in firm efficiency either … sluggish productivity improvements of European electricity firms due to reforms implemented in the last decade. In particular …
Persistent link: https://www.econbiz.de/10013142659
. We consider a carbon pricing policy in Alberta's electricity market as a case study. This policy consists of two phases … competition, we simulate the shortrun impacts of the two phases on electricity prices, emissions, and unit and firm …-level profitability. We find that the mechanisms by which electricity prices and emissions change in response to carbon pricing differ …
Persistent link: https://www.econbiz.de/10012961552
We investigate how the effects of market structure changes and mergers in restructured electricity markets depend on …'s wholesale electricity market that incorporates firms' forward positions. Using data from 2013-2014, we estimate the monthly … electricity markets …
Persistent link: https://www.econbiz.de/10012986898
both reliable and affordable electricity. However, this focus on only two of the three horns of the energy trilemma, namely … electricity sector. Our results indicate that each of the pricing systems is able to foster specific horns of the energy trilemma …Many countries have a clear policy objective of increasing their share of renewable energy sources (RESs). However, a …
Persistent link: https://www.econbiz.de/10013237834