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This paper analyses the benefits of further market integration of European wholesale electricity markets. Major gains from trade are sill left unrealized due to (1) uncomplete market coupling of national wholesale markets, (2) isolated national regulation of capacity and reserve mechanisms (CRM)...
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konventionelle Kraftwerke. Wir stellen deshalb ein mögliches Kapazitätsmarktmodell für Deutschland vor, weisen aber zugleich darauf … hin, dass ein derartiges System kurzfristig weder notwendig ist noch für Deutschland isoliert eingeführt werden sollte …The fundamental change of energy policy in Germany has lead to a discussion how security of electricity supply will be …
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The German reserve power market was subject to important regulatory changes in recent years. A new market design was created by synchronization and interconnection of the four control areas. In this paper, we analyze whether or not the reforms led to lower prices for minute reserve power (MRP)....
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This paper argues against the rapid implementation of capacity mechanisms in Germany. There is no systematic, non …
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