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Persistent link: https://www.econbiz.de/10011699164
Promoting competition among electricity producers is primarily targeted at ensuring low electricity prices for consumers. Producers could, however, withhold part of production facilities (i.e., apply a capacity cutting strategy) and thereby push more expensive production facilities to satisfy...
Persistent link: https://www.econbiz.de/10013105015
This paper proposes an extended version of the analytical structural model for the electricity market developed in a previous paper. The presented electricity price process is driven by stochastic load and random plant availability as well as stochastic marginal generation cost factors embedded...
Persistent link: https://www.econbiz.de/10012970389
While achieving the ambitious energy transition targets is important to society, it is also costly. To keep these costs as low as possible and, thus, increase the chances of successfully accomplishing the energy transition, upholding the basic principles of the organisation of the electricity...
Persistent link: https://www.econbiz.de/10012934377
An important goal of the European Commission is the promotion of the internal energy market (here specifically electricity), which requires sufficient and adequate cross-border interconnector capacity. However, cross-border interconnector capacity is scarce and, more importantly, the progress of...
Persistent link: https://www.econbiz.de/10011797725
market. I simulate the wholesale electricity markets of Great Britain and the island of Ireland for 2005. I find that in … competition in Ireland, the less competitive of the two markets. Finally, it is unlikely that private investors will pay for the … ; Ireland …
Persistent link: https://www.econbiz.de/10003671612
This study investigates the volatility connectedness between the Irish and Great Britain electricity markets and how it is driven by changes in energy policy, institutional structures and political ideologies. We assess various aspects of this volatility connectedness including static...
Persistent link: https://www.econbiz.de/10012835991
This study investigates the volatility connectedness between the Irish and Great Britain electricity markets and how it is driven by changes in energy policy, institutional structures and political ideologies. We assess various aspects of this volatility connectedness including static...
Persistent link: https://www.econbiz.de/10012194466
difference in wholesale prices between Ireland and Britain is due to differences in generating technology. The new wholesale … electricity market for the island of Ireland appears to be working well - it is producing a wholesale price that approximates the … Republic of Ireland the retail margin was probably also higher than it should have been. …
Persistent link: https://www.econbiz.de/10008905425
The United Kingdom (UK) has spent less on infrastructure compared to other OECD countries over the past three decades. The perceived quality of UK infrastructure assets is close to the OECD average but lower than in other G7 countries. Capacity constraints have emerged in some sectors, such as...
Persistent link: https://www.econbiz.de/10011399563