The effectiveness of a capacity market is analyzed by simulating three conditions that may cause suboptimal investment in the electricity generation: imperfect information and uncertainty; declining demand shocks resulting in load loss; and a growing share of renewable energy sources in the...

This paper proposes a Transit Risk Index (TRI) designed to assess the riskiness of pipeline gas imports and to study the effect of introducing new gas routes. TRI controls for gas dependency, transit route diversification, political risks of transit, pipeline rupture probability, and the balance...

An increasing reliance on solar and wind power has raised concern about system ability to consistently satisfy electricity demand. This paper examines countries' unilateral incentives to achieve supply security through capacity reserves and market integration in a multinational electricity...

In 2002/2003, the Nordic hydro-dominated power market faced a short-term supply shock. In autumn, precipitation and inflow were unusually low. As a result, there were record high prices in the following winter. Questions were raised whether the deregulated market creates sufficient incentives to...

Elektrische Energie ist nur unter erheblichen technischen und ökonomischen Aufwand zu speichern. Nichtsdestotrotz muss für eine zuverlässige Versorgung der Gesellschaft mit elektrischer Energie ein ständiges Gleichgewicht von Angebot und Nachfrage gewährleistet werden können. Aus diesem...

On 11 April 2024 the European Parliament adopted the Renewable and Natural Gases and Hydrogen (RNGH) Directive and the RNGH Regulation - otherwise known as the Decarbonised Gas and Hydrogen Package - and published both documents on 12 April 2024. Once approved by the Council and published in the...

Helped by anomalously warm winter temperatures, the EU appears increasingly likely to get through the current winter relatively unscathed. But next winter could be significantly more challenging if Russian gas supplies were to decrease further or stop altogether, especially if accompanied by...

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...

Im Zuge der von der Bundesregierung eingeleiteten Energiewende wird zunehmend die Frage diskutiert, wie bei einem forcierten Ausbau der erneuerbaren Energien und der dadurch zunehmenden Fluktuation der Stromerzeugung die Versorgungssicherheit gewährleistet werden kann. Zur Diskussion steht die...

This paper investigates the economic implications of disruptions of one to ninety days to the supply of natural gas in Ireland. We assess the impact of a hypothetical gas supply disruption in both winter and summer in 2008 (with observed market characteristics) and in 2020 (with projected market...