Security of supply in electricity is questioned in liberalised markets as it is often characterised as a public good. We examine if this can be modified allowing for creation of security markets, which can be justified by welfare gains. From a welfare perspective it is possible that security...

This paper examines how the effectiveness of feed-in tariffs for distributed generators, producing renewable electricity, depends on industry structure, i.e., vertical integration vs. unbundling. A stylized analytical model with a monopolist and a competitive fringe (distributed generators) will...

There are considerable benefits from cooperating among member states on meeting the 2020 RES targets. Today countries are supporting investments in renewable energy by many different types of support schemes and with different levels of support. The EU has opened for cooperation mechanisms such...

This paper examines structural change in the power and heat producing sector (energy supply) and its implications for the economy. An integrated approach is used to describe the interactions between this sector and the rest of the economy. Thus, a very detailed model of the sector for Denmark...

This paper examines the importance of changes in energy technology for long-term trade developments. The Danish manufacturing industry is considered as a case with emphasis on the consequences of changes in the Danish energy system in the years 1966-1992. Energy technologies affect the...

This paper contains an analysis of stylised natural gas and electricity supply sectors. Power plants operate either on natural gas or on a competing fuel – e.g. oil. The competing fuel is assumed to be traded at world market price whereas natural gas is sold by a national monopoly. The paper...