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An Extended Multi-Factor Structural Model for the Electricity Market

Wottka, Thomas - 2017

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

Market power and heterogeneous pass-through in German electricity retail

Duso, Tomaso; Szücs, Florian - 2016

We analyze the pass-through of cost changes to retail tariffs in the German electricity market over the 2007 to 2014 period. We find an average pass-through rate of around 60%, which significantly varies with demand factors: while the pass-through rate to baseline tariffs, where firms have...

Persistent link: https://www.econbiz.de/10011553026

Market Power and Heterogeneous Pass-Through in German Electricity Retail

Duso, Tomaso - 2016

Persistent link: https://www.econbiz.de/10012979689

Causes and consequences of merger waves

Kleinert, Jörn; Klodt, Henning - 2002

that sectoral shocks are at the root of merger waves. Deregulation and globalization are identified as the shocks …This paper presents some ideas about determinants of merger waves and some evidence on their effect on profitability … and employment. A brief survey of previous merger waves and an analysis of the recent one give support to the hypothesis …

Persistent link: https://www.econbiz.de/10011490438

Productivity in electricity retail after market liberalisation : analysing the effects of ownership and firm's governance structure

Stiel, Caroline; Cullmann, Astrid; Nieswand, Maria - 2015

This paper, which is one of the first to estimate productivity in retail electricity for a European country after liberalisation, analyses the effect of ownership and governance structure by using a unique dataset of German electricity retailers from 2003 to 2012. An innovative service...

Persistent link: https://www.econbiz.de/10011392296

Decoding restricted participation in sequential electricity markets

Knaut, Andreas; Paschmann, Martin - 2017

Restricted participation in sequential markets may cause high price volatility and welfare losses. In this paper we therefore analyze the drivers of restricted participation in the German intraday auctin which is a short-term electricity market with quarter-hourly products. Applying a...

Persistent link: https://www.econbiz.de/10011666918