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Displaying results 1 to 7 of 7.

  1. Environmental and technology policy options in the electricity sector
    interactions and outcomes
    Author: Fischer, Carolyn; Newell, Richard G.; Preonas, Louis
    Published: 2014
    Publisher:  CESifo, München

    Myriad policy measures aim to reduce greenhouse gas emissions from the electricity sector, promote generation from renewable sources, and encourage energy conservation. To what extent do innovation and energy efficiency (EE) market failures justify... more

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    Staats- und Universitätsbibliothek Bremen
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    Niedersächsische Staats- und Universitätsbibliothek Göttingen
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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DS 63 (4757)
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    Myriad policy measures aim to reduce greenhouse gas emissions from the electricity sector, promote generation from renewable sources, and encourage energy conservation. To what extent do innovation and energy efficiency (EE) market failures justify additional interventions when a carbon price is in place? We extend the model of Fischer and Newell (2008) with advanced and conventional renewable energy technologies and short and long-run EE investments. We incorporate both knowledge spillovers and imperfections in the demand for energy efficiency. We conclude that some technology policies, particularly correcting R&D market failures, can be useful complements to emissions pricing, but ambitious renewable targets or subsidies seem unlikely to enhance welfare when placed alongside sufficient emissions pricing. The desirability of stringent EE policies is highly sensitive to the degree of undervaluation of EE by consumers, which also has implications for policies that tend to lower electricity prices. Even with multiple market failures, emissions pricing remains the single most cost-effective option for reducing emissions.

     
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/96845
    Series: Array ; 4757
    Subjects: climate change; cap-and-trade; renewable energy; portfolio standards; subsidies; spillovers; energy efficiency; electricity
    Scope: Online-Ressource ([2], 48 S.), graph. Darst.
  2. Network expansion to mitigate market power
    how increased integration fosters welfare ; conference paper
    Author: Zerrahn, Alexander; Huppmann, Daniel
    Published: 2014
    Publisher:  ZBW, [Kiel

    Lack of transmission capacity hampers the efficient integration of the European electricity market, and thereby precludes reaping the full benefits of competition. We investigate to what extent the expansion of the transmission grid promotes... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DSM 13
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    Lack of transmission capacity hampers the efficient integration of the European electricity market, and thereby precludes reaping the full benefits of competition. We investigate to what extent the expansion of the transmission grid promotes competition, efficiency, and welfare. This work proposes a three-stage model for grid investment: a benevolent planner decides on network upgrades; she considers the welfare benefits of investment through a reduction of market power exertion by strategic generators. These firms anticipate their impact on the Independent System Operator and are able to exert market power, in particular when lines are congested. We illustrate the model on a simple three-node network. Results indicate that network expansion indeed provides a suitable way of enhancing welfare due to a reduction of market power potential.

     
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    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/100459
    Edition: Preliminary version
    Series: Array ; V4
    Subjects: market power; transmission grid expansion; electricity; integration; EPEC; multistage games; Cournot competition
    Scope: Online-Ressource (25 S.), graph. Darst.
  3. Dynamic efficiency and incentive regulation
    an application to electricity distribution networks
    Author: Poudineh, Rahmatallah; Emvalomatis, Grigorios; Jamasb, Tooraj
    Published: 2014
    Publisher:  Univ. of Cambridge, Dep. of Applied Economics, Faculty of Economics, Cambridge

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 123 (2014,22)
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Cambridge working papers in economics ; 1422
    EPRG working paper ; 1402
    Subjects: Dynamic efficiency; innovation; investment incentives; benchmarking; electricity
    Scope: Online-Ressource (34 S.), graph. Darst.
  4. Pass-through of CO2 emission costs to hourly electricity prices in Germany
    Author: Hintermann, Beat
    Published: 2014
    Publisher:  CESifo, München

    I estimate the level of emissions cost pass-through to hourly wholesale electricity prices in Germany, based on spot market data. I control for contemporaneous shocks to demand and supply by constructing a detailed supply curve for fossil generation,... more

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    Staats- und Universitätsbibliothek Bremen
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    Niedersächsische Staats- und Universitätsbibliothek Göttingen
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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DS 63 (4964)
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    I estimate the level of emissions cost pass-through to hourly wholesale electricity prices in Germany, based on spot market data. I control for contemporaneous shocks to demand and supply by constructing a detailed supply curve for fossil generation, and intersecting it with residual demand for fossil-based electricity for every hour. Determining the marginal generator allows me to use marginal fuel and carbon costs (rather than prices) as explanatory variables in order to identify the level of cost pass-through directly and with a high level of precision. I find that carbon costs are passed through to electricity prices by at least 84 %, with a central range of 98 %-104 % for different load periods. My results suggest that there is no economic reason for free allowance allocation to the electricity sector, and thus validate the updated allocation rules in Phase 3 of the European Union Emissions Trading Scheme.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/103124
    Series: Array ; 4964
    Subjects: EU ETS; emission trading; air pollution; cost pass-through; electricity; climate change
    Scope: Online-Ressource (32 S.), graph. Darst.
  5. The stabilizing effect of hydro reservoir levels on intraday power prices under wind forecast errors
    Author: Kilic, Mehtap; Trujilo-Baute, Elisa
    Published: 2014
    Publisher:  IEB, Barcelona

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; 2014,30
    Subjects: electricity; intraday prices; wind forecast error; Markov-switching models
    Scope: Online-Ressource (16 S.), graph. Darst.
  6. Network unbundling and flawed coordination
    lessons from electricity and railways
    Author: Brunekreeft, Gert
    Published: 2014
    Publisher:  Jacobs Univ., Bremen

    What is a good balance between competition and coordination in network industries? Network unbundling aims to promote competition, but this has to be balanced against the downside of unbundling: firm-internal coordination falls away and must be... more

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    Staats- und Universitätsbibliothek Bremen
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DS 480 (15)
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    What is a good balance between competition and coordination in network industries? Network unbundling aims to promote competition, but this has to be balanced against the downside of unbundling: firm-internal coordination falls away and must be replaced by external market mechanisms. This is a non-trivial task. The cost of flawed coordination as a result of fragmentation can be substantial and policy should focus more on the cost of coordination and on governance structures to secure coordination. This paper examines three persistent sources of flawed coordination: 1) a regulation versus unbundling dilemma, 2) difficulties with optimal network charging and 3) strategic behavior resulting in misaligned incentives. Practical relevance is underlined with lessons from (European) electricity and railways.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/103346
    Series: Bremen energy working papers / Jacobs University, Bremen Energy Research ; 15
    Subjects: electricity; railways; unbundling; regulation; competition policy
    Scope: Online-Ressource (24 S.)
  7. Unbundling of electricity transmission system operators in Germany
    an experience report
    Published: 2014
    Publisher:  Jacobs Univ., Bremen

    The purpose of this research is to evaluate the impact of vertical unbundling on German electric utilities. Our research mainly relies on in-depth interviews with sector-experts from the German utilities. We will discuss both short-term changes and... more

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    Staats- und Universitätsbibliothek Bremen
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DS 480 (16)
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    The purpose of this research is to evaluate the impact of vertical unbundling on German electric utilities. Our research mainly relies on in-depth interviews with sector-experts from the German utilities. We will discuss both short-term changes and the long-term impact on competition in the electricity market as well as the impact on costs and security of supply. Overall, we have two main conclusions. First, the major step in the unbundling process is from "lean legal unbundling" to "fat legal unbundling"; additional steps beyond that are small, both in benefits and in costs. Second, the benefits of unbundling in terms of increased competition do not come for free: unbundling is costly and it is important to balance cost and benefits in the reform process.

     
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/103347
    Series: Bremen energy working papers / Jacobs University, Bremen Energy Research ; 16
    Subjects: electricity; unbundling; regulation; competition policy
    Scope: Online-Ressource (43 S.), graph. Darst., Kt.