The recent trend toward decarbonization led to crucial challenges for network operators and regulators in terms of network reliability and optimal grid expansion. In order to analyze the effects of rising shares of renewable energy sources on investment decisions in both, the generation and the...

Abstract This paper will give an overview of the literature, concerning investments in the public sector. With regarding investment in the public sector in general, the discount factors and the risk the investors are confronted with, must therefore be taken into account. For analyzing the public...

A recent highly disputed subject of regulating energy markets in Europe is the unbundling of vertically integrated up-and downstream firms. While legal unbundling is already implemented in most countries and indisputable in its necessity for approaching regulatory aims, continuative models such...

This paper is the first to explicitly test for the presence of a trade-off between static and dynamic efficiency and a trade-off between vertical economies and competition in a regulated industry, the electricity industry. We show for 16 European countries over the period 1998–2008 that higher...

The following article deals with real options modeling for investing into carbon capture and storage technologies. Herein, we derive two separate models. The first model incorporates a constant convenience yield and dividend for the investment project. In the second model, the convenience yield...

The present paper provides an empirical assessment of the effects associated with the reorganization of minute reserve markets in Germany. As the aim of the regulator is to assure a competitive market with transparent pricing, we analyze whether the recent policy reform has had an impact on the...

As far as energy policy is concerned, the design of the regulatory framework for energy transmission and distribution is a key issue. Consequently, also the embodiment of balancing power markets drives mainly the effectiveness of political implications for the energy sector. Initially, tertiary...