In diesem Jahr sind auf europäischer Ebene rechtliche Entwicklungen eingeleitet worden, die zu einer stärkeren Integration der bisher separierten nationalen Strommärkte führen sollen. Beabsichtigt ist die Liberalisierung des Marktes für Elektrizität. Insbesondere im Bereich der...

Renewable energy sources (RES) capacity has grown globally at a rapid rate benefiting from multiple support schemes such as renewable portfolio standards (RPS), feed-in-tariffs (FIT), and market premia (MP). While research concentrated on comparing the effectiveness of these policy instruments...

In this paper, we present a straightforward economic model that explains the incentives to manipulate nodal energy prices in a “Day 2” RTO market. The model distinguishes between legitimate market participation that increases overall market efficiency and manipulative behavior that distorts...

While developed economies like the United States, the United Kingdom and Germany are often cited as classic examples of successful liberalised and private-sector led electricity markets, events such as: (i) the California electricity crisis of 2000-2001; (ii) the blackouts in parts of North America...

Economic regulation, including competition policy, is not an end in itself but a means to an end, and must ultimately have a positive impact on the economy as a whole. However, this positive impact needs to be broad-based or inclusive, particularly in the context of South Africa given its legacy...

This paper aims at describing the choices to be made in selecting and implementing a reform model for the electricity industry and to derive some implications for the situation in Kosovo. The paper argues that the appropriate reform model depends on the circumstances in the considered...

In diesem Papier werden die in Kumkar (1999) gewonnene Erkenntnisse hinsichtlich der komparativen Vorteile alternativer Liberalisierungsmodell für die Stromwirtschaft auf die deutsche Situation übertragen. Ziel ist die Erarbeitung von Empfehlungen für die weitere wettbewerbliche Neuordnung...

Ein Jahr nach Inkrafttreten der deutschen Energierechtsnovelle sind die Konturen der zukünftigen Strommarktregulierung noch zu weiten Teilen ungeklärt. Vor diesem aktuellen wirtschaftspolitischem Hintergrund wird in diesem Papier die Frage nach einer sachgerechten Ausrichtung der...

Facebook, Amazon, Netflix and Google, as well as Twitter – the FANG companies – have transformed society with both positive and negative effects. Soaring consumer access to information, news, social networks, and entertainment has been stimulated by the ever-more ubiquitous and falling...

There can be no doubt that the FANG companies – Facebook, Amazon, Netflix and Google, as well as Twitter – have transformed society since their emergence. Like all social transformations, the changes wrought by their services have had ripple effects that are both positive and negative. On...