Showing 1 - 10 of 3,746
Analyzing price data from sequential German electricity markets, namely the day-ahead and intraday auction, a puzzling … underlying demand profile. As there is evidence that widespread models for electricity forward premiums are not applicable to the …
Persistent link: https://www.econbiz.de/10011750488
The diffusion of renewable electricity generating technologies is widely considered as crucial for establishing a … costs among all electricity consumers. This paper presents a novel history-friendly agent-based study aiming to explore the … is devoted to the possibility of small scale renewable electricity generation, but also to the storage of this …
Persistent link: https://www.econbiz.de/10011438476
System security in electricity markets relies crucially on the interaction between demand and supply over time. However …, research on electricity markets has been mainly focusing on the supply side arguing that demand is rather inelastic. Assuming … perfectly inelastic demand might lead to delusive statements regarding the price formation in electricity markets. In this …
Persistent link: https://www.econbiz.de/10011517142
This paper analyzes the dynamic behavior of day-ahead spot prices in the German electricity spot market due to positive …
Persistent link: https://www.econbiz.de/10010408059
The pure model of replicator dynamics though providing important insights in the evolution of markets has not found much of empirical support. This paper extends the model to the case of firms vertically integrated in value chains. We show that i) by taking value chains into account, the...
Persistent link: https://www.econbiz.de/10011446182
Renewable energy such as wind or solar power currently contributes a large share to the total German electricity supply … intermittent renewable supply affect forward premiums in German electricity markets. We contribute to the existing literature by …
Persistent link: https://www.econbiz.de/10011569766
Increasing shares of fluctuating renewable energy, the integration of European electricity grids and markets as well as … new technologies induce continuous change in the European energy system. Due to these changes, fundamental electricity … 5.6 €/MWh and accurately reproduces the electricity production volumes for most thermal production units. In a case …
Persistent link: https://www.econbiz.de/10011810851
As redispatch costs and their associated distributional impacts continue to rise, the discussion on reconfiguring bidding zones in European power markets persists. However, determining an appropriate bidding zone configuration is a non-trivial task, as it must prove beneficial under varying...
Persistent link: https://www.econbiz.de/10014485600
Empirical evidence on the response of German households to electricity price changes is sparse. Using panel data … changes, whereas the electricity demand of uninformed households is entirely price-inelastic …
Persistent link: https://www.econbiz.de/10012978685
Empirical evidence on households' awareness of electricity prices and potentially divergent demand responses to price …, finding that only those households that are informed about prices are sensitive to price changes, whereas the electricity … demand of uninformed households is entirely price-inelastic. Based on these results, to curb the electricity consumption of …
Persistent link: https://www.econbiz.de/10011897241