The European Union Emission Trading Scheme (EU ETS) has been implemented to provide a common climate policy instrument across European Union countries, to contribute to a credible investment perspective for low-carbon investors and support further European integration of energy markets. Thus the...

This paper investigates the technical and economic potential of energy-intensive industries to provide demand-side management (DSM) in electricity and balancing markets through 2030. Increasing shares of renewables will lead to a rising demand for ancillary services at the same time that less...

Globally installed wind power capacity has grown tremendously since 2000. This study focuses on the local economic impacts of wind power deployment. A theoretical model shows that wind power deployment is not necessarily driven by locally-accruing economic payoffs, but also by other factors such...

We ask under what conditions transmission contracts increase or mitigate market power. We show that the allocation process of transmission rights is crucial. In an efficiently arbitraged uniform price auction generators will only obtain contracts that mitigate their market power. However, if...

Achieving the objectives of the German governments 2010 Energy Concept and the accelerated phase-out of nuclear energy will require significant investment in restructuring energy supply. In particular, this includes investment in installations for the use of renewable energy sources in the power...

There is an ongoing discussion about whether the German electricity market offers sufficient incentives for investment in power plants and for keeping them connected to the grid, thus ensuring sufficient security of supply. Recommendations for further securing power supply include payments, some...

Die Förderung durch das Erneuerbare-Energien-Gesetz (EEG) hat in den letzten Jahren zu einem unerwartet starken Ausbau von Anlagen zur Erzeugung von Solarstrom (Photovoltaik) geführt, weil die Systempreise der Photovoltaikanlagen schneller gesunken sind als die gesetzlich garantierten...

2013 will see a significant increase in the surcharge stipulated by the Renewable Energy Sources Act (EEG) and paid by power consumers to promote the use of renewable energies. This will equate to a rise in the share of private households' consumer spending on electricity from around 2.3 percent...

The German Renewable Energy Sources Act (EEG) has proven to be an effective instrument in promoting electricity from renewable resources, and the same basic structure has been adopted by a large number of other countries. The support provided for in the EEG consists particularly of a guaranteed...