Seit Angela Merkel mit der "Energiewende" den Turbo ein- und die Atomkraftwerke ausschaltete, herrscht in puncto Energieversorgung das blanke Chaos. Das Erneuerbare-Energien-Gesetz (EEG) soll erst abgeschafft werden, dann wieder doch nicht, Offshore-Windparks werden mit viel Wind gestartet, dann...

We develop a game-theoretic electricity market model that allows analyzing strategic electricity storage in an imperfect market setting. We apply the model to Germany and examine different cases of strategic and non-strategic pumped hydro storage operation. We find that introducing storage...

The European Union has embarked on the transformation of its energy and electricity system to low-carbon energy sources, just like Germany and many other countries. This chapter analyzes the European strategy for low-carbon transformation in relation to specific aspects and features of the...

Nowadays, a process can be observed in Germany where electricity producing and trading firms react to the electricity market liberalisation by merging market shares, since the year 2000, which reduces the number of suppliers and influences production and consumer prices. This paper discusses...

We analyze the current regulatory regime for electricity transmission in Germany, which combines network planning with both cost-plus and revenue-cap regulations. After reviewing international experiences on transmission investment, we first make a qualitative assessment of the overall German...