The expansion of renewable generation and closer integration of European power markets requires new tools and procedures for system operation. The US experience with nodal pricing offers options to tackle the emerging challenges, and thus may facilitate further integration of intermittent...

In der vorliegenden Arbeit werden verschiedene fundamentale Prognosemodelle für die Preise von stündlichen Day-Ahead Elektrizitätskontrakten auf den deutschen Markt geschätzt und getestet. Dabei wird ein breites Spektrum an fundamentalen Variablen berücksichtigt, um den spezifischen...

The overlapping impact of the Emission Trading System (ETS) and renewable energy (RE) deployment targets creates a classic case of interaction effects. Whereas the price interaction is widely recognized and has been thoroughly discussed, the effect of an overlapping instrument on the abatement...

I analyze renewable electricity policy in a multinational electricity market with transmission investment. If national policy makers choose support schemes to maximize domestic welfare, then a trade policy motive arises operating independently of any direct benefit of renewable electricity. The...