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illustrated by the example of the Netherlands. During some 75 per cent of hours, foreign power plants set the price on the Dutch …Upon discussion of price setting on electricity wholesale markets, many refer to the so-called merit order model …. Conventional wisdom holds that during most hours of the year, coal- or natural gas-fired power plants set the price on European …
Persistent link: https://www.econbiz.de/10011948155
We find an asymmetric pass-through of European Emission Allowance (EUA) prices to wholesale electricity prices in Germany and show that this asymmetry has disappeared in response to a report on investigations by the competition authority. The asymmetric pricing pattern, however, was not detected...
Persistent link: https://www.econbiz.de/10009784017
price increases result in substantial windfall profits, giving rise to public skepticism and calls for an auctioning of … heavily from the ETS-induced electricity price increases. We therefore argue that an abrupt transition to a complete …
Persistent link: https://www.econbiz.de/10003785029
price increases result in substantial windfall profits, giving rise to public skepticism and calls for an auctioning of … heavily from the ETS-induced electricity price increases. We therefore argue that an abrupt transition to a complete …
Persistent link: https://www.econbiz.de/10014212000
two different motives: First, RE premiums need to be reduced to reflect the carbon value embedded in the market price … carbon cost in the electricity market price. Finally, a fuel switch increases solar-induced abatement, whereas it wind …
Persistent link: https://www.econbiz.de/10012534624
In the wake of recent energy crisis, the importance of stable prices from long-term cross-border markets for consumers and instruments for market players to hedge against spot market volatility is greater still. This research proposes the Joint Energy and Transmission Right Auction (JETRA)...
Persistent link: https://www.econbiz.de/10014261991
Persistent link: https://www.econbiz.de/10011403529
how efficient pricing mechanisms (such as a two-part tariff scheme in the context of efficient nodal price systems …
Persistent link: https://www.econbiz.de/10012107016
Energy Price Reform in ChinaThe Chinese leadership has determined to assign the market a decisive role in allocating …-oriented pricing mechanism, the pace and scale of the reform differ across energy types. This article discusses the evolution of price … these energy price reforms, in order to have the market to play a decisive role in allocating resources and help China …
Persistent link: https://www.econbiz.de/10011850316
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