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Redistribution Effects of Energy and Climate Policy : The Electricity Market
Hirth, Lion; Ueckerdt, Falko - 2015
policies redistribute wealth between consumers and producers, and within these groups. While redistribution is seldom the focus … the redistribution effects of two major electricity policies: support schemes for renewable energy sources, and CO2 … pricing. We find that the redistribution effects of both policies are large, and they work in opposed directions: while …
Persistent link: https://www.econbiz.de/10014162886
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Climate Policy Shocks Propagation in Electricity Markets : An Agent-Based Approach
Balint, T.; Mandel, Antoine - 2017
The process of electricity production, distribution, and consumption represents a complex system with many heterogeneous characteristics. Physical constraints of the electricity, especially the difficulties with its storage, pose specific challenges on the structure of the power network and the...
Persistent link: https://www.econbiz.de/10012959102
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The impact of policy measures on future power generation portfolio and infrastructure : a combined electricity and CCTS investment and dispatch model (ELCO)
Mendelevitch, Roman; Oei, Pao-Yu - 2015
This paper presents a general electricity-CO2 (ELCO) modeling framework that is able to simulate interactions of the energy-only market with different forms for national policy measures. We set up a two sector model where players can invest into various types of generation technologies including...
Persistent link: https://www.econbiz.de/10011392062
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Second-best analysis of European energy policy : is one bird in the hand worth two in the bush?
Hübler, Michael; Schenker, Oliver; Fischer, Carolyn - 2015
This paper studies policy instruments that correct insufficient learning-by-doing (LbD) and research and development (R&D) of renewable electricity technologies and insufficient investments in energy efficiency (EE) in the presence of carbon pricing. The theoretical model analysis shows how to...
Persistent link: https://www.econbiz.de/10011438967
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Second-best analysis of European energy policy : is one bird in the hand worth two in the bush?
Hübler, Michael; Schenker, Oliver; Fischer, Carolyn - 2015
This paper studies policy instruments that correct insufficient learning-by-doing (LbD) and research and development (R&D) of renewable electricity technologies and insufficient investments in energy efficiency (EE) in the presence of carbon pricing. The theoretical model analysis shows how to...
Persistent link: https://www.econbiz.de/10011381960
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When Competition Plays Clean : How Electricity Market Liberalization Facilitated State-level Climate Policies in the United States
Lee, Nathan - 2019
Why do some governments adopt policies to mitigate climate change while others do not? In this study, I illustrate the importance of industrial organization in shaping prospects for climate mitigation policy. Using a generalized difference-in-differences analysis, I show that U.S. states that...
Persistent link: https://www.econbiz.de/10012900366
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Decarbonization of the U.S. Electricity Sector : Are State Energy Policy Portfolios the Solution?
Carley, Sanya - 2014
State governments have taken the lead on U.S. energy and climate policy. It is not yet clear, however, whether state energy policy portfolios can generate results in a similar magnitude or manner to their presumed carbon mitigation potential. This article seeks to address this lack of policy...
Persistent link: https://www.econbiz.de/10013067642
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Carbon content of electricity futures in phase II of the EU ETS
Fell, Harrison; Hintermann, Beat; Vollebergh, Herman R. J. - 2013
We estimate the relationship between electricity, fuel and carbon prices in Germany, France, the Netherlands, the Nord Pool market and Spain, using one-year futures for base and peak load prices for the years 2009-2012, corresponding to physical settlement during the second market phase of the...
Persistent link: https://www.econbiz.de/10009786078
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Control power and variable renewables a glimpse at German data
Hirth, Lion; Ziegenhagen, Inka - 2013
Control power (regulating power, balancing power) is used to quickly restore the supply-demand balance in power systems. Variable renewable energy sources (VRE) such as wind and solar power are often thought to increase the reserve requirement significantly. This paper provides a comprehensive...
Persistent link: https://www.econbiz.de/10009756296
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Harnessing electricity retail tariffs to support climate change policy
Ryan, Lisa; La Monaca, Sarah; Mastrandrea, Linda; … - 2018
Legacy electricity retail tariffs are ill-adapted to future electricity systems and markets, particularly with regard to accommodating the multi-faceted shift toward decarbonisation. We examine how retail tariffs need to be reformed to not only meet the future revenue requirements of...
Persistent link: https://www.econbiz.de/10011964329