The U.S. nuclear industry has overcome a challenging period during which low wholesale market prices threatened the survival of nuclear power plants (NPPs). From 2017 to 2019, several U.S. states initiated out-of-market support schemes to bolster the financial conditions of NPPs. This paper...

The energy transition requires significant investment in intermittent renewable energy sources, such as solar and wind power. New generation capacities are generally procured through fixed price contracts, such as power purchase agreements and contracts for difference, or feed-in tariffs. With...

The energy sector, as a major source of carbon emissions, has a significant impact on the operation of the carbon market and the management of carbon emissions. With the introduction of the "dual carbon" goals, the Chinese government has actively implemented measures to reduce carbon emissions,...

Der Beitrag analysiert aus energiewirtschaftlicher Perspektive, wie Strommärkte in Deutschland und Europa während und nach einem großflächigen Blackout organisiert werden. Ausgangspunkt ist der europäische Network Code on Emergency and Restoration sowie die von der Bundesnetzagentur...

The energy transition requires significant investment in intermittent renewable energy sources, such as solar and wind power. New generation capacities are generally procured through fixed price contracts, such as power purchase agreements and contracts for difference, or feed-in tariffs. With...

The unmanageable problem of climate change and the energy crisis caused by the war in Ukraine show the importance of promoting the consumption and production of renewable energy. Therefore, the aim of this study was to analyse the main determinants of selecting a green electricity supplier by...

The expansion of heat pumps drives the electrification of the heating sector which is important to achieve Germany's ambitious climate targets. This paper examines the impact of heat pumps in combination with thermal storage on the flexibility of the German electricity system in 2030, focusing...

In this work, we introduce an innovative approach to managing electricity costs within Germany's evolving energy market, where dynamic tariffs are becoming increasingly normal. In line with recent German governmental policies, particularly the Energiewende (Energy Transition) and European Union...

The U.S. nuclear industry has overcome a challenging period during which low wholesale market prices threatened the survival of nuclear power plants (NPPs). From 2017 to 2019, several U.S. states initiated out-of-market support schemes to bolster the financial conditions of NPPs. This paper...

Der deutsche Strommarkt hat sich gut vom Krisenjahr 2022 erholt. Die Energiepolitik sollte sich nun wieder auf den Ausbau erneuerbarer Energien fokussieren. Das letzte Jahr hat gezeigt, dass die Stromversorgung auch nach Abschalten der Kernkraftwerke sicher ist. Den Stromverbrauch durch 80...

A concern persistent in scarcity-based market designs for electricity over many years has been the illiquidity of markets for long-term contracts to hedge away volatile price exposures between generators and consumers. These missing markets have been attributed to a range of factors including...

The German electricity market has recovered well from the 2022 energy crisis. Policymakers should now redirect the focus of energy policy to further expanding renewable energy sources. The year 2023 showed that the German electricity supply remained secure following the shutdown of nuclear power...

The investment decisions of energy-intensive consumers can alter the balance of supply and demand in an electricity market. In particular, they can increase the market power of incumbent generators such that prices may increase as a consequence of their investments. Whilst it is therefore...

The electricity sector plays a key role in achieving zero-emission targets. The required transition will lead to substantial changes in the supply, demand, and distribution of electricity but also in stakeholder roles. Future market designs may change substantially to accommodate these changes,...

The electricity generating sector is the single largest source of climate altering pollution. A country aiming to meet its targets for a net-zero economy needs therefore to radically reduce the emissions stemming from this sector. Charging carbon emissions is the preferred market-friendly policy...

The Future Electricity Market Model (FEM) is a comprehensive technoeconomic model designed to simulate the investment, dispatch, and trade dynamics within the power systems of Switzerland and Europe. FEM operates as a partial equilibrium model of the wholesale electricity market, minimizing...

A concern persistent in scarcity-based market designs for electricity over many years has been the illiquidity of markets for long-term contracts to hedge away volatile price exposures between generators and consumers. These missing markets have been attributed to a range of factors including...

The electricity generating sector is the single largest source of climate altering pollution. A country aiming to meet its targets for a net-zero economy needs therefore to radically reduce the emissions stemming from this sector. Charging carbon emissions is the preferred market-friendly policy...

Der deutsche Strommarkt hat sich gut vom Krisenjahr 2022 erholt. Die Energiepolitik sollte sich nun wieder auf den Ausbau erneuerbarer Energien fokussieren. Das letzte Jahr hat gezeigt, dass die Stromversorgung auch nach Abschalten der Kernkraftwerke sicher ist. Den Stromverbrauch durch 80...

The electricity sector plays a key role in achieving zero-emission targets. The required transition will lead to substantial changes in the supply, demand, and distribution of electricity but also in stakeholder roles. Future market designs may change substantially to accommodate these changes,...