Germany's energy transition is associated with increasing congestion in the electricity transmission grids due to increasing infeed from renewable energy sources, especially from wind turbine installation at the periphery in coastal areas. Here, regional differences in generation and demand lead...

The existence of spatial patterns in the adoption of small-scale solar photovoltaic (PV) systems is widely accepted in the academic literature. The diffusion of these systems depends on decisions of heterogenous units, often households, that form their decision based on unit characteristics and...

Reductions in gas supply following the Russian invasion of Ukraine have affected the security of supply of the European power system along with other stress factors like low availability of French nuclear reactors. Consequently, more sophisticated approaches to investigate generation adequacy...

Investments in power generation assets are multi-year projects with high costs and multi-decade lifetimes. Since market circumstances can significantly change over time, investments into such assets are risky and require structured decision-support systems. Investment decisions and dispatch in...

Small decentralized power generation units (DG) are politically promoted because of their potential to reduce GHG-emissions and the existing dependency on fossil fuels. A long term goal of this promotion should be the creation of a level playing field for DG and conventional power generation....

Ueber das Fuer und Wider einer Foerderung Erneuerbarer Energien mittels spezifischer Foerderinstrumente wie dem EEG sowie ueber die bestmoegliche Ausgestaltung dieser Instrumente sind in den letzten Jahren viele sowohl praxisorientierte als auch wissenschaftliche Debatten gefuehrt worden. Dabei...

In principle, portfolio optimization in electricity markets can make use of the standard mean-variance model going back to Markowitz. Yet a key restriction in most electricity markets is the limited liquidity. Therefore the standard model has to be adapted to cope with limited liquidity. An...

The electricity generation mix of many European countries is strongly dominated by fossil fuelled power plants. Given that CO2-emissions are responsible for a major part of the anthropogenic greenhouse effect, emission trading has been introduced in the EU in 2005. Under the European emissions...

The efficiency of capital markets has been questioned almost as long as the efficient market hypothesis had been worked out. Numerous critics have been formulated against this hypothesis, questioning notably the behavioural assumptions underlying the efficient market hypothesis. The present...

Ein moeglichst kostenguenstiges und oekologisches Heizsystem zu waehlen, ist für Gebaeudebesitzer von groeßter Wichtigkeit. Bisher gaengige Antworten sind jedoch spaetestens seit diesem Jahr nicht mehr uneingeschraenkt gueltig. Zum einen waren die Preise für Erdgas und Heizoel zuletzt...