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policy moves in favour of renewables are likely to impact. We find through quasi-experimental exploration of a modified …
Persistent link: https://www.econbiz.de/10010388537
with a growing share of renewables. We show that an increasing share of renewable energy leads to a comparative advantage … renewable energy so far. We consider support for renewables via endogenous discrimination of prices paid for offered capacity …
Persistent link: https://www.econbiz.de/10010380586
German companies view high and uncertain electricity prices a major challenge. A Renewable Energy Pool (RE-Pool), wherein the favorable conditions of competitive tenders for new wind and solar power projects are passed on to electricity consumers, could hedge such price risks. Consumers'...
Persistent link: https://www.econbiz.de/10014529321
subsidized entry of wind power in the Nordic electricity market. A relatively small-scale entry of renewables leads to a large …
Persistent link: https://www.econbiz.de/10011573888
The German electricity market has recovered well from the 2022 energy crisis. Policymakers should now redirect the focus of energy policy to further expanding renewable energy sources. The year 2023 showed that the German electricity supply remained secure following the shutdown of nuclear power...
Persistent link: https://www.econbiz.de/10014536114
Encouraged by the declining cost of grid-scale renewables, recent analyses conclude that the United States could reach … renewable generation has declined dramatically, integrating these renewables would require a large expansion in transmission to … current levels of annual investment are well below what would be required for a renewables-dominated system. We describe a …
Persistent link: https://www.econbiz.de/10014322765
We estimate the relationship between electricity, fuel and carbon prices in Germany, France, the Netherlands, the Nord Pool market and Spain, using one-year futures for base and peak load prices for the years 2009-2012, corresponding to physical settlement during the second market phase of the...
Persistent link: https://www.econbiz.de/10009786078
Persistent link: https://www.econbiz.de/10011896531
Strongly increasing costs of congestion management have provoked a discussion in Europe about new approaches to solve grid congestions in a more efficient way. One approach is to design flexibility markets. In this paper we focus on the effects of subsidies for renewable energy on the market...
Persistent link: https://www.econbiz.de/10012022664
How can increasing intermittent power generation in the Swedish electricity system be managed in a more market-oriented and cost-efficient way? We argue that market mechanisms are the most natural means for obtaining the needed flexibility in electricity systems. We believe that a complete ex...
Persistent link: https://www.econbiz.de/10012289068