Short-term auctions for access to entry terminals of the British gas-network appear to successfully allocate scarce resources and capture scarcity rent. Now long-term auctions are being introduced to guide future capacity expansion decisions. In our model the fraction of rights issued in the...

Hohe und unsichere Stromkosten werden von der deutschen Wirtschaft als große Herausforderungen angesehen. Über einen Erneuerbare-Energien-Pool (EE-Pool) könnten derartige Preisrisiken mittelfristig abgesichert werden. Im Poolkonzept werden die günstigen Konditionen wettbewerblicher...

German companies view high and uncertain electricity prices a major challenge. A Renewable Energy Pool (RE-Pool), wherein the favorable conditions of competitive tenders for new wind and solar power projects are passed on to electricity consumers, could hedge such price risks. Consumers'...

The paper surveys the literature and publicly available information on market power monitoring in electricity wholesale markets. After briefly reviewing definitions, strategies and methods of mitigating market power we examine the various methods of detecting market power that have been employed...

The Federal government has agreed in the coalition agreement 2009 on the objective "to limit global warming at two Degree Celsius and to maintain Germany's leadership role in climate protection." To achieve this objective the German CO2 emissions are to be reduced by 2020 at 40 percent relative...

Average market prices for intermittent generation technologies are lower than for conventional generation. This has a technical reason but can be exaggerated in the presence of market power. When there is much wind smaller amounts of conventional generation technologies are required, and prices...