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Auctions with endogenous rationing have been introduced to stimulate competition. Such (procurement) auctions reduce the volume put out to tender when competition is low. This paper finds a strong negative effect of endogenous rationing on participation when bid-preparation is costly,...
Persistent link: https://www.econbiz.de/10012195628
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flexibility in production and consumption is of particular importance. Flexibility enables the cost-effective integration of the … renewable energy supply (RES) feed-in show that flexibility requirements can be reduced significantly in a common electricity … loads show that flexibility restraints exist. The causes of these restraints are at least partly due to the market design or …
Persistent link: https://www.econbiz.de/10011758313
negative price bids is explained. Empirical data show the flexibility of conventional generating capacities in Germany during …This article analyses the flexibility of the German power market with respect to the integration of an increasing share … of electricity from renewable energy sources. Flexibility limiting system components, which cause negative prices are …
Persistent link: https://www.econbiz.de/10003941565
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Germany's nuclear phase out and an increasing share of fluctuating RES production amplifies the North-South congestion … transfer of the PJM market design to Germany could be advantageous. This article compares key elements of the generation mix … assess potentials and impediments for an implementation of the PJM nodal market design in Germany. We show that both markets …
Persistent link: https://www.econbiz.de/10010433601
This paper investigates the incentives market participants have in the German electricity balancing mechanism. Strategic over- and undersupply positions are the result of existing stochastic arbitrage opportunities between the spot market and the balancing mechanism. This strategic behavior can...
Persistent link: https://www.econbiz.de/10010433656
The market-based procurement of system services for network operators is gaining momentum in the current debate about the future market design in the energy sector. Since current sources of reactive power are primarily fossil-fuel power plants which will not be available in a carbon neutral...
Persistent link: https://www.econbiz.de/10014440883
policy mix of Germany introduced too strong and inflexible demand-side instruments (like feed-in tariff) too early, thereby …
Persistent link: https://www.econbiz.de/10011438476