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...

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...

Under collusion, firms deviate from current profit maximization in anticipation of future rewards. As current profit maximization places little restrictions on firms' pricing behaviour, collusive conduct is hard to infer. We show that bids from certain firms in the Colombian wholesale...

In order to realise the energy transition towards a more sustainable, inclusive and just energy market, the traditional model of the electricity market, with big corporations producing electricity and passive consumers at the receiving end, is changing. These changes also require the adaptation...

Under collusion, firms deviate from current profit maximization in anticipation of future rewards. As current profit maximization places little restrictions on firms' pricing behaviour, collusive conduct is hard to infer. We show that bids from certain firms in the Colombian wholesale...

This report documents the work completed for the Directorate General for Energy (DG ENER) of the European Commission (EC) on the Study on energy subsidies and other government interventions in the EU - 2023 edition (Framework Contract MOVE/ENER/SRD/2020/ OP/0008 Lot-2). The work was carried out...

The original full study analyses the ongoing reform of the European electricity market. Specific design instruments proposed by the European Commission and supported by the European Parliament amendments are assessed in detail. A novel approach to modelling financial flows in electricity markets...

The proposed reform of the electricity market design maintains crucial elements of the existing system to ensure continued efficient operation. The impact that changing the rules on longer-term contracts will have on consumer prices and investment will depend on the concrete language of proposed...

Informational nudges to encourage energy conservation or load shifting have been tried in various contexts. This paper studies a program run by a small municipally owned electric utility to reduce demand on certain peak demand days. An email alert is sent out to residential customers who sign up...

Utilities increasingly sell electricity using complex menus of time-constant and time-varying price schedules. We study how to design such a menu to maximize social welfare in a second best environment where the marginal private and external costs of generating electricity vary over time,...

Producers in locational pricing markets have the ability to exercise market power by impacting the extent to which transport capacity constraints bind. We extend the single-location residual demand curve concept to a residual demand hypersurface that quantifies the impact of a supplier's output...

This research project quantifies the impact of renewable energy policy co-ordination in the Single Electricity Market of Ireland. Renewable energy targets are determined independently by both jurisdictions on the island. To date, renewable electricity targets have been similar in each...

Confronted with sustained high electricity prices, some Member States demand a deep reform of electricity markets in the EU. Conversely, other Member States ask to strictly respect the current market framework. In this comment, we review what these governments have publicly stated, and we...

This research project quantifies the impact of renewable energy policy co-ordination in the Single Electricity Market of Ireland. Renewable energy targets are determined independently by both jurisdictions on the island. To date, renewable electricity targets have been similar in each...