The construction of a second Baltic Sea natural gas pipeline from Russia to Germany (Nord Stream 2) is very controversial for political, energy economic, and ecological reasons. The project owner and some European energy companies argue that it is a profitable, private-sector investment project...

Der Bau der zweiten Ostsee-Erdgaspipeline (Nord Stream 2) ist aus politischen, energiewirtschaftlichen und ökologischen Gründen sehr umstritten. Der Projektbetreiber und einige europäische Energieversorgungsunternehmen argumentieren, es handele sich um ein privatwirtschaftlich angelegtes,...

The Russian war on Ukraine and Germany's dependence on Russian gas require a rethink of German energy supplies. While there is a heated debate about an immediate energy embargo, Russia could also stop its supplies at any time. To date, Germany has purchased around 55 percent of its natural gas...

The European Union has increased pressure on Russia by enacting a coal embargo. Following a transition period, Russian coal imports will end in August 2022. Recent studies show that Germany will be able to substitute Russian supplies with imports from other countries by summer 2022. However,...

The construction of a second Baltic Sea natural gas pipeline from Russia to Germany (Nord Stream 2) is very controversial for political, energy economic, and ecological reasons. The project owner and some European energy companies argue that it is a profitable, private-sector investment project...

Der Bau der zweiten Ostsee-Erdgaspipeline (Nord Stream 2) ist aus politischen, energiewirtschaftlichen und ökologischen Gründen sehr umstritten. Der Projektbetreiber und einige europäische Energieversorgungsunternehmen argumentieren, es handele sich um ein privatwirtschaftlich angelegtes,...

In this paper, we develop the game-theoretic electricity market model ElStorM that includes the possibility of strategic electricity storage. We apply the model to the German electricity market and analyze different realistic and counterfactual cases of strategic and non-strategic pumped hydro...

The increased wind energy supplied to many electricity markets around the world has to be balanced by reliable back upunits or other complementary measures when wind conditions are low. At the same time wind energy impacts both, the utilization of thermal power plants and the market prices....