In European intraday electricity markets, a systematic zigzag pattern can be observed, characterized by alternating maxima and minima at the shift of hourly products. This price formation contradicts the fundamental understanding, that prices to are a monotonously increasing function of residual...

This paper exploits unique features of a recently introduced tariff schedule for natural gas in Buenos Aires to estimate the short-run impact of price shocks on residential energy utilization. The schedule induces a non-linear and non- monotonic relationship between households’ accumulated...

This paper explores the equity implications of the adoption of energy storage technology, as a result of the potential defections from the electricity network which it could promote. Our analysis of the social benefits and distributional effects of energy self-consumption shows that it can...

Many countries have a clear policy objective of increasing their share of renewable energy sources (RESs). However, a major impediment to higher RES penetration often lies in the historically grown structures of a country’s electricity sector. In Indonesia, policy makers have relied on cheap...

The purpose of this article is to analyze the security of supply in Colombia. The analysis considers the Reliability Charge, which is a model adapted in Colombia to guarantee generation investments. We measure the difference among demand supply electricity scenarios. The supply side for new...

In this paper, we present a straightforward economic model that explains the incentives to manipulate nodal energy prices in a “Day 2” RTO market. The model distinguishes between legitimate market participation that increases overall market efficiency and manipulative behavior that distorts...

This paper aims at highlighting the Commission's approach towards the relation between sector specific regulation and general competition law, especially concerning energy markets and the road to Internal Market objective.We firstly present Trinko case, in order to focus on two crucial and...

The German response to the Fukushima nuclear power plant incident was possibly the most significant change of policy towards nuclear power outside Japan, leading to a sudden and very significant shift in the underlying power generation structure in Germany. This provides a very useful natural...