In this work, which represents the first part of a compendium of papers, author investigates and discusses a set of the most prominent electricity market stylized facts of price formation. Subsequently, the lack of theoretical underlying concerning the stylized set of facts is being dealt with a...

While achieving the ambitious energy transition targets is important to society, it is also costly. To keep these costs as low as possible and, thus, increase the chances of successfully accomplishing the energy transition, upholding the basic principles of the organisation of the electricity...

Motivated by the initiation of the third EU ETS trading period in January 2013, this paper examines the effects of EUA price variations on the electricity mix. We focus on the German electricity market, since it is one of the most important EU electricity markets. In this context, we formulate a...

Subsidies induce a market inefficiency by creating a deadweight loss, since supply and demand are out of equilibrium. In 2016, electricity subsidies were the largest component of the total global energy subsides, with an estimated 128 billion USD out of 287 billion USD. Electricity generation is...

This thesis focuses on demand side developments and on the regulated as well as the economic framework conditions those storage technologies have to compete in and draws a clear picture of the economic feasibility of large scale storage options in Central Europe for the coming decades. The...