Showing 1 - 10 of 93
We analyze the effects of an incentive based regulatory scheme with revenue caps on the investment behaviors and decisions of 109 electricity distribution companies operating in Germany in 2006-2012. We hypothesize that Germany's implementation of incentive regulation in 2009 has a negative...
Persistent link: https://www.econbiz.de/10011372119
While the link between the ownership and productive efficiency of firms has been discussed extensively, no consensus exists regarding the superiority of one or the other in non-competitive, regulated environments. This paper applies a flexible production model to test for efficiency differences...
Persistent link: https://www.econbiz.de/10011595954
energy. We analyze the case of electric storage heaters in German 2030 scenarios with an open-source electricity sector model …. Making customary night-time storage heaters temporally more flexible offers only moderate benefits because renewable … availability during daytime is limited in the heating season. As storage heaters feature only short-term heat storage, they also …
Persistent link: https://www.econbiz.de/10011996703
We develop a game-theoretic electricity market model that allows analyzing strategic electricity storage in an … storage operation. We find that introducing storage generally smoothes conventional generation patterns and market prices and … increases consumer rent and overall welfare. In contrast, electricity producers generally suffer from storage. We also find that …
Persistent link: https://www.econbiz.de/10012038666
Storage devices and demand control may constitute beneficial tools to optimize electricity generation with a large … regards specific 'smart grid' applications such as storage facilities and meters enabling load control. Model results indicate … that central storage facilities are a more promising option for generation cost reductions as compared to demand management …
Persistent link: https://www.econbiz.de/10010286048
We analyze the relation between European natural gas storage facilities and price patterns at major trading points …, considering the theory of storage to derive a testable hypothesis imposed by the non-arbitrage condition. To model the efficiency … operators of storage facilities realize seasonal arbitrage profits, and that market performance overall is substantially …
Persistent link: https://www.econbiz.de/10010265029
We discuss the implications of two price zones, i.e. one northern and southern bidding area, on the German electricity market. In the northern zone, continuous capacity additions with low variable costs cause large regional supply surpluses in the market dispatch while conventional capacity...
Persistent link: https://www.econbiz.de/10010481530
US shale gas production is generally expected to continue its fast rise. However, a cautious evaluation is needed. Shale gas resource estimates are potentially overoptimistic and it is uncertain to which extent they can be produced economically. Moreover, the adverse environmental effects of...
Persistent link: https://www.econbiz.de/10010327255
In this paper we investigate natural gas producer's reactions to changes in market prices. We estimate price elasticities of aggregated supply in the most competitive market for natural gas: the United States. Using monthly time series data form 1987 to 2012 our analysis is based on an...
Persistent link: https://www.econbiz.de/10010335927
The liberalisation of the natural gas markets and the importance of natural gas as a transition fuel to a low-carbon economy have led to the development of several large-scale equilibrium models in the last decade. These models combine long-term market equilibria and investments in...
Persistent link: https://www.econbiz.de/10012038671