This paper provides a comprehensive discussion of the market value of variable renewable energy (VRE). The inherent variability of wind speeds and solar radiation affects the price that VRE generators receive on the market (market value). During windy and sunny times the additional electricity...

In this paper we propose a three-level computational equilibrium model that allows to analyze the impact of the regulatory environment on transmission line expansion (by the regulator) and investment in generation capacity (by private firms) in liberalized electricity markets. The basic model...

Electric vehicle drives offer a number of advantages over conventional internal combustion engines, especially in terms of lower local emissions, higher energy efficiency, and decreased dependency upon oil. Yet there are significant barriers to the rapid adoption of electric cars, including the...

Elektrische PKW-Antriebe bieten im Vergleich zu konventionellen Verbrennungsmotoren viele Vorteile, insbesondere geringere lokale Emissionen, eine höhere Energieeffizienz und eine geringere Mineralölabhängigkeit. Andererseits stellen Batterietechnik, Anschaffungskosten und Ladeinfrastruktur...

Die Verbraucherpreise für Strom sind in den letzten Jahren deutlich gestiegen. Dies ist zum Teil darauf zurückführen, dass die Umlage gemäß dem Erneuerbare-Energien- Gesetz (EEG) stark angestiegen ist. Derzeit macht die EEG-Umlage einschließlich anteiliger Mehrwertsteuer etwa ein Sechstel...

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 system and market models that have been developed and...

There is an ongoing debate on the appropriate auction design for competitive electricity balancing markets. Uniform (UPA)and discriminatory price auctions (DPA), the prevalent designs in use today, are assumed to have different properties with regard to prices and effciencies. These properties...

We show that a common regulatory mandate in electricity markets that use location-based pricing that requires all customers to purchase their wholesale electricity at the same quantity-weighted average of the locational prices can increase the performance of imperfectly competitive wholesale...

We construct a model of strategic behavior in sequential markets which exhibits a persistent forward price premium. On the spot market, producers wield market power while purchasers are price takers. Producers with forward commitments have less incentive to raise prices on the spot market....

Competition between oligopolist electricity generators is inhibited by transmission constraints. I present a supply function equilibrium (SFE) model of an electricity market with a single lossless, but constrained, transmission line. The market admits equilibria in which generator withhold...