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Decarbonization goals of the European Commission foresee different future scenarios for the European power market of which all are exceeding 60% renewables in the power system.3 High shares of intermittent renewable sources require significant changes to the physical system and impact the...
Persistent link: https://www.econbiz.de/10010369935
opening of the electricity markets. Contracts were seen to foreclose the market hence the Commission comprehensively unwound …, investors were willing to undertake investment in liberalized electricity markets based on mid-term contracting and retail …
Persistent link: https://www.econbiz.de/10010369937
The diffusion of renewable electricity generating technologies is widely considered as crucial for establishing a … costs among all electricity consumers. This paper presents a novel history-friendly agent-based study aiming to explore the … is devoted to the possibility of small scale renewable electricity generation, but also to the storage of this …
Persistent link: https://www.econbiz.de/10011438476
The pure model of replicator dynamics though providing important insights in the evolution of markets has not found much of empirical support. This paper extends the model to the case of firms vertically integrated in value chains. We show that i) by taking value chains into account, the...
Persistent link: https://www.econbiz.de/10011446182
I evaluate the effect of the 2011 Swedish electricity market splitting reform on the allocation of wind power …
Persistent link: https://www.econbiz.de/10012660136
electricity capacity in New Zealand, whereas in Australia this is 17%. Interestingly, between them and over time, the two … designing electricity markets that support energy transition and the investment that it requires. Incumbents in both …
Persistent link: https://www.econbiz.de/10011843946
nuclear phase-out would have not occurred. Since coal- and gas-fired production as well as additional imports have substituted …Increasing shares of fluctuating renewable energy, the integration of European electricity grids and markets as well as … new technologies induce continuous change in the European energy system. Due to these changes, fundamental electricity …
Persistent link: https://www.econbiz.de/10011810851
This paper proposes a game-theoretic model to analyze the strategic behavior of inc-dec gaming in market-based congestion management (redispatch). We extend existing models by considering incomplete information about competitors’ costs and a finite set of providers. We find that these...
Persistent link: https://www.econbiz.de/10014240487
uncertainty regarding demand and supply shocks (e.g., unanticipated hot weather, generator outages) could lead to patterns of … in most empirical analyses of market power in electricity rests on a flawed application of a standard measure of market …-cost margin). The flaw in those electricity market studies is not that the price-cost margin is theoretically inappropriate, but …
Persistent link: https://www.econbiz.de/10014073302
robustness regarding redispatch cost reduction. Sensitivities to uncertain factors such as grid and renewable expansion, demand …
Persistent link: https://www.econbiz.de/10014485600