Energy supply in Germany has undergone considerable changes during the last decade, of which especially the nuclear phase-out and enormous installations of renewable energy sources pose new challenges for conventional combustion technologies. To analyze potential adaption processes due to this...

In this paper we analyze the investment behavior of electricity distribution companies. First, we test the hypothesis if the implementation of an incentive-based regulatory scheme with revenue caps impacts the firms' investment decisions in general. Second, we test if the specific regulatory...

This paper presents an analytical benchmark model for national intraday adjustment needs under consideration of fundamental drivers, market concentration and portfolio internal netting. The benchmark model is used to calculate the intraday market outcomes if (i) large and small players as well...

In Deutschland wird derzeit die Ausgestaltung der Anreizregulierungsverordnung für Energienetze für die dritte Regulierungsperiode (ab 2019) diskutiert. Im Kern steht der sachgerechte Umgang mit dem hohen Investitionsbedarf, vor dem viele Netzbetreiber stehen. Die preisbasierte...

Die Energiewende in Deutschland verlangt von den Verteilnetzbetreibern erhebliche neue Investitionen. Dies ist bei der Regulierung der Netzentgelte hinreichend zu berücksichtigen. Hier sind neben den vorhandenen Anreizen zur Kosteneffizienz auch geeignete Anreize zur dynamischen Effizienz im...

Nuclear power is an important pillar in electricity generation in France. However, France's nuclear power plant fleet is ageing, and the possibility of reducing its share in power generation or even a complete phaseout has been increasingly discussed. Our research therefore focuses on three...

Despite the positive effect electricity grids separated from generation and supply by ownership are expected to have on the level of competition in the non-network activities, several EU member states still adhere to a solely legally unbundled transmission grid. This choice might be induced by...

The degree of liberalization in OECD electricity markets varies considerably across countries. Commonly explained by diverging economic performances, corruption levels or government ideologies, this paper suggest another potential reason for cross-national differences in market reforms: given...

Independent regulatory authorities are a basic prerequisite for a successful liberalization process. However, contrary to what is expected, both graphical analyses and OLS regressions for a small sample of electricity and gas regulators operating in 16 European countries reveal a negative...

This paper studies the relevance of strategic trade effects in the environmental policy for the European electricity sector. The production, investment and trade of electricity are modelled for four European countries. Three market regimes are distinguished: perfect competition, price regulation...