The German feed-in support of electricity generation from renewable energy sources has led to high growth rates of the supported technologies. Critics state that the costs for consumers are too high. An important aspect to be considered in the discussion is the price effect created by renewable...

"Renewable energy technologies produce many measurable benefits, such as a clear reduction in greenhouse gas emissions. However, it is also apparent that these methods of energy production come with costs. Discussing renewable energy developments within an economic context, this pertinent...

Abstract: Das vorliegende Buch beschreibt die Entwicklung und Anwendung eines agentenbasierten Simulationsmodells für den deutschen Strommarkt. Liberalisierung, verstärkte Anstrengungen zur Reduktion von Treibhausgasemissionen und der massive Ausbau erneuerbarer Energien haben zu einem Umbruch...

This paper evaluates different financial price and time series models, such as mean reversion, autoregressive moving average (ARMA), integrated ARMA (ARIMA) and general autoregressive conditional heteroscedasticity (GARCH) process, usually applied for electricity price simulations. However, as...

Wind power generation and its impacts on electricity prices has strongly increased in the EU. Therefore, appropriate mark-to-market evaluation of new investments in wind power and energy storage plants should consider the fluctuant generation of wind power and uncertain electricity prices, which...