The energy crisis that started in 2022 reminded European governments of the resilience provided by relatively well-integrated European electricity markets. European Union leaders thus decided to reverse a creeping energy renationalisation and to invest in completing the internal market. However,...

Contracts for differences are widely discussed as a cornerstone of Europe’s future electricity market design. In this paper, we make three contributions to the debate. First, we summarize the dispatch and investment distortions that traditional CfDs cause. Second, we propose an alternative CfD...

Contracts for differences are widely discussed as a cornerstone of Europe’s future electricity market design. This is a paper on CfD contract design. We summarize the dispatch and investment distortions that conventional CfDs cause, the patches that are used to overcome these shortcomings, and...

Deutschland steht vor der Herausforderung sich zügig aus der Abhängigkeit der fossilen Energien zu lösen. Dazu ist ein umfassender Umbau des Energiesystems notwendig. Die Windenergie an Land gehört zu den wichtigsten Erzeugungsquellen, die in großem Maßstab entwickelt werden müssen, um...

Abstract The current political debate on the Energiewende in Germany is no longer focused on economic and ecological aspects. Instead, concerns regarding security of supply become more and more relevant. Though current risks for security of supply are mainly driven by the situation in...

Sektorkopplung ist wichtig für das Gelingen der Energiewende und die Dekarbonisierung. Gleichwohl sind z.B. Wärmepumpen und Elektrofahrzeuge im Wettbewerb mit fossilen Techniken auch durch staatlich bestimmte Preisbestandteile benachteiligt. Ausgehend von bestehenden Hemmnissen entwickelt die...