assorted group of mainly smaller price drivers (such as local transport, storage, marketing costs or retail margins). This …As for any other fuels used for transport or heating, the gas price for final users could be split into three major … components: the wholesale price for the resource (including far distance transport by ship or pipeline), taxes and finally a …

Russia is the world's largest gas exporter and Germany is its most important market. Moreover, natural gas is a …

to the German power market and analyze different counterfactual and realistic cases of pumped hydro storage. Our main …'s involvement in conventional generation. Strategic operators generally under-utilize owned storage capacity. Strategic storage … operation may also lead to welfare losses, in particular if the total storage capacity is controlled by an oligopolistic …

We develop a game-theoretic electricity market model that allows analyzing strategic electricity storage in an … storage operation. We find that introducing storage generally smoothes conventional generation patterns and market prices and … the utilization of storage capacities depends on their operator's ability to exert market power both regarding storage and …