Events

Berlin Conference on Electricity Economics 2016

Towards a Lower Carbon Energy System in Germany, Europe, and world-wide - Market Design, Technologies, and Business Models

October 13, 2016
DIW Berlin, Schumpeter Hall
Mohrenstr. 58, 10117 Berlin

Market integration, technical innovation, corporate dynamics, and increasingly ambitious climate and environmental targets are drivers of an evolving energy system, both in Germany and Europe as well as in the U.S., and world-wide. Storage technologies and sector coupling are progressing, and market design is facing new challenges between more competition and the need to assure a coherent sector design, both nationally and across borders.

The 3rd Berlin Conference on Energy and Electricity Economics (BELEC) addressed these topics for a lower-carbon energy future. To this end, it brought together cutting-edge academic research and policy analyses on the economics of energy markets from the perspectives of academics, utilities, and policymakers. It aimed at a deeper understanding and exchange of ideas and perspectives on the various sectors, including theoretical approaches as well as policy and case studies.

BELEC program | PDF, 85.75 KB

Presentations

Academic Keynote Ross Baldick (The University of Texas at Austin): Wind variability and impact on markets | PDF, 3.58 MB

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Session 1a: Intraday auctions and market design

Christoph Weber (University of Duisburg-Essen): (Intraday) market design in a renewables-based electricity sector | PDF, 0.7 MB

Philippe Vassilopoulos (EPEX Spot Paris): Auctions to complement continuous intraday trading: empirical evidence from the PX | PDF, 1.73 MB

Karsten Neuhoff (DIW Berlin): Auctions for Intraday Trading | PDF, 0.69 MB


Session 1b: Network regulation 2.0

Endre Bjørndal (NHH Norwegian School of Economics): Learning and adaptation under incentive regulation: a survey of Norwegian electricity distribution companies | PDF, 0.95 MB

Juan Rosellón (CIDE, DIW Berlin, Universidad Panamericana): The convergence of simple regulatory incentive mechanisms for electricity transmission | PDF, 352.7 KB

Policy Keynote Kathrin Goldammer (Reiner Lemoine Institute): Pro-sum-age: technological and economic perspectives | PDF, 1.39 MB

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Session 2a: Renewables and risk

Sebastian Schwenen (TU Munich): Renewable energy and the pricing of electricity futures | PDF, 218.46 KB

Harry van der Weijde (The University of Edinburgh): Modelling local and firm-level impacts of (renewable) energy policies - and why we need more of it | PDF, 0.92 MB

Oliver Tietjen (PIK): Risk aversion in electricity markets: impacts on investment decisions under different hedging strategies | PDF, 436.14 KB


Session 2b: Resource markets: challenges for the low-carbon economy

Sauleh Siddiqui (Johns Hopkins University): Determining energy and climate market policy using multi-objective programs with equilibrium constraints

Lissy Langer (TU Berlin): The global crude oil market in a low-carbon world – A partial equilibrium modeling approach | PDF, 1.22 MB

Roman Mendelevitch (HU Berlin, DIW Berlin): Testing supply-side climate policies for the global steam coal market – can they curb coal consumption? | PDF, 2.44 MB


Panel Discusion:
Longer-term trends, sector coupling, and cross-border coordination

Matthias Deutsch (Agora Energiewende): Self-consumption with solar power systems | PDF, 483.59 KB

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Felix Chr. Matthes (Öko-Institut): tba

Pao-Yu Oei (TU Berlin): Modeling trends of the European electricity sector with a focus on nuclear phase-outs in the UK and France | PDF, 4.61 MB

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Berlin Conference on Electricity Economics 2015

Cross-border Cooperations for Sustainable Energy Security - Theory and Policy Lessons from Different Sectors

28-29 May, 2015
Opening Roundtable and Reception 27 May, 2015

DIW Berlin, Schumpeter Hall
Mohrenstraße 58, 10117 Berlin

The Berlin Conference on Energy and Electricity Economics (BELEC) is a bi-annual conference, featuring both policy perspectives and state-of-the-art academic research. It brings together the Berlin policy and academic community with specialists from Germany, Europe, and all over the world.

This year's focus is on "cross-border coordination for sustainable energy security". Cross-border coordination of energy markets is essential to achieve the energy transformation in the European context and it is generally assumed to enhance efficiency and welfare. However, when it comes to the implementation of cross-border coordination many “seams issues” arise: the optimal scope of integration into single market zones, the sharing of costs and benefits, and the concrete steps of deploying cross-border agreements, etc. The sectors covered are electricty, natural gas, CO2, and also nuclear waste.

BELEC-program | PDF, 55.69 KB

Präsentationen Tag 1:

Keynote: Market Design, Market Integration and Energy Security - A North American Perspective
Ross Baldick | University of Texas 

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Session 1: Next Steps for Intraday and Balancing Markets: Learning from the Current Situation in Europe

Karsten Neuhoff | DIW Berlin: Intraday Auctions versus Continuous Trade | PDF, 313.93 KB
Tomasz Siewierski | Lodz University: Aligning System Requirements and Short Term Market Operation
Giorgia Oggioni | University of Brescia: Intraday e Balancing Markets in Italy: Approach, Lessons Learnt and Way Forward

Session 2: Coordination in European Natural Gas Markets
Peter Hohaus | E.ON: Cross-border Coordination for Sustainable Energy Security - The Importance of Natural Gas
Franz Hubert | HU Berlin: European Natural Gas Supply: Cooperative Game Theoretic Analysis | PDF, 516.33 KB
Franziska Holz | DIW Berlin: The Role of Natural Gas in a Low-Carbon Europe Infrastructure and Regional Supply | PDF, 1.32 MB

Session 3: Integration of Renewable Electricity Generation

Charlotte Senkpiel | Fraunhofer ISE: Cost Minimal Transformation Path of Central Europe’s Electricity System | PDF, 1.7 MB
Lion Hirth | PIK/neon energy: System-friendly Wind and Solar Power - How Advanced Plant Design Can Increase the Economic Value of Electricity Generated by Wind Power and Solar PV | PDF, 1.68 MB
Thure Traber | DIW Econ: Renewable Energy Support in Germany - Surcharge Development and the Impact of a Decentralized Capacity Mechanism

Session 4: CO2-Sequestration and Transport
Joachim Geske | FZ Jülich: Can Vessels Contribute to Economic Cross-border CO2 Transport Systems? | PDF, 0.79 MB
Pao-Yu Oei | TU Berlin/DIW Berlin: European-wide and Regional Scenarios for CO2 Infrastructure using CCTSMOD | PDF, 4.6 MB

Humboldt Lecture: Energy Insecurity: From Cologne to "Cowboyistan"
Steven A. Gabriel | University of Maryland

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Session 5: European Electricity Grid Expansion

Martin Greiner | Aarhus University: Power Flow Tracing in a Simplified Highly Renewable European Electricity Network | PDF, 4.1 MB
Jonas Egerer | DIW Berlin/TU Berlin: European Electricity Grid Infrastructure Expansion in a 2050 Context | PDF, 1.76 MB

Session 6: Carbon Markets
Andreas Schröder | Vattenfall: EU ETS and the Market Stability Reserve | PDF, 0.85 MB
Aleksandar Zaklan | DIW Berlin: Does Free Permit Allocation Cause Higher Emissions in the European Electricity Sector? Evidence from a Natural Experiment

Session 7: A Renewable Energy Dominated Power Market: Challenges & Solutions for Market Design and Policy Instruments
Christian Gambardella | PIK: Welfare Effects of Time-varying Capacity Pricing in Power Markets with High Shares of Fluctuating Renewable Energy Supply | PDF, 450.73 KB
Michael Pahle | PIK: A Comparison of the Effects of Different Instruments to Induce a High Share of Renewables in Electricity Markets | PDF, 0.65 MB
Wolf-Peter Schill | DIW Berlin: On the Relevance of Start-up Costs for Markets with Increasing Shares of Renewables | PDF, 328.67 KB

Session 8: Challenges in Electricity Regulation
Tobias Strobel | Stiftung Umweltenergierecht: The PCI-Regime: European Law’s Influence on Electricity Grid Expansion with a Focus on Cross-border Coordination
Franziska Flachsbarth | Oeko-Institut: Challenges in Energy System Planning, including Stakeholder Perspectives
Ann-Katrin Lenz | TU Berlin: Challenges for Financial and Regulatory Reforms in German Electricity Networks

Präsentationen Tag 2:

Keynote: Opportunities for Regional Cooperation and Security of Supply in the Framework of the International Market
State Secretary Rainer Baake | Federal Ministry for Economic Affairs and Energy

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Keynote: Market Design and Investments in the Electricity Sector
Achim Wambach | University of Cologne/Member of the Monopolies Commission

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Session 1: Capacity Markets: Theory and Empirics
Anette Boom | Copenhagen Business School: Price Regulations in a Multi-unit Uniform Price Auction | PDF, 0.85 MB
Sebastian Schwenen | DIW Berlin: Strategic Bidding in Multi-unit Auctions with Capacity Constrained Bidders: The New York Capacity Market | PDF, 424.1 KB

Session 2: International Experience: Latin America and Asia
Anoop Singh | Indian Institute of Technology Kanpur: Policy, Regulatory and Institutional Approach to Develop a Competitive Regional Power Market in South Asia | PDF, 5.89 MB
Juan Rosellón | DIW Berlin/CIDE: Reforming the Mexican Electricity Market: Design Issues and Transmission Regulation | PDF, 2.15 MB

Session 3: Coordination in European Electricity Markets
Simeon Hagspiel | EWI: Long-term Effects of Congestion Management – Modeling Framework and Large Scale Application | PDF, 2.21 MB
Friedrich Kunz | DIW Berlin: The Benefit of Coordinating Cross-border Congestion Management | PDF, 1.21 MB

Session 4: Contracts in Natural Gas Markets
Danila Bochkarev | East West Institute: Long-term Contracts are Dead: Vive Long-term Contracts? Policy Implications | PDF, 245.85 KB
Anne Neumann, Christian von Hirschhausen | TU Berlin/DIW Berlin: Long-term Contracts in the Natural Gas Sector: An International Survey | PDF, 0.88 MB

Panel Session on Nuclear Economics and Policy

Book presentation „The Economics and Uncertainties of Nuclear Power“
| PDF, 1.25 MB
François Lévêque | MINES ParisTech 

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Book presentation: “Nuclear Waste Governance: An International Comparison“
Miranda Schreurs | FU Berlin 

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Berlin Conference on Electricity Economics 2013

Im Jahr 2011 verständigte sich die Bundesregierung auf die Umgestaltung des Energiesektors hin zu einem nachhaltigen Energiesystem. Die sogenannte Energiewende ist mit zahlreichen Herausforderungen verbunden, betrifft sie doch nahezu alle Bereiche des Energiesektors. Auf der Angebotsseite werden flexible konventionelle Erzeugungs- und Energiespeicher-Technologien von entscheidender Bedeutung für die Integration der fluktuierenden erneuerbaren Energiequellen sein. Das Übertragungs- sowie das Verteilnetznetz muss aus- und umgebaut werden, um den neuen Anforderungen gerecht zu werden. Weiterhin sollten Nachfragemanagement und Effizienzmaßnahmen zusätzliche Elemente innerhalb dieses Transformationsprozesses sein. Schließlich wird die Umwandlung des Energiesektors eine Überarbeitung des institutionellen Rahmens insbesondere dem Markt-Design mit sich führen, um den Herausforderungen gerecht zu werden und eine effiziente Integration der zunehmenden Anteile der erneuerbaren Energien zu erreichen. Allerdings kann die Transformation nicht isoliert auf nationaler Ebene durchgeführt werden sondern erfordert die Zusammenarbeit auf europäischer Ebene.

Nach zahlreichen erfolgreichen Workshops innerhalb des MASMIE-Projekts wollen wir den konstruktiven Dialog fortzusetzen:

Berlin Conference on Electricity Economics - Modellieren für die Energiewende - Deutschland, Europa und darüber hinaus

10. Oktober 2013
Deutsches Institut für Wirtschaftsforschung (DIW Berlin)
(Schumpeter Saal, Mohrenstraße 58, 10117 Berlin)

Das Ziel dieser Konferenz ist es, die Herausforderungen der Energiewende anzugehen und diese im Rahmen der Wissenschaft und zusätzlichen Input aus Politik und Industrie. Der wissenschaftliche Rat der Konferenz setzt sich aus Vertretern des DIW Berlin sowie der Technischen und der Humboldt-Universität zusammen:  Pio Baake, Claudia Kemfert, Friedrich Kunz, Karsten Neuhoff, Thure Traber und Christian von Hirschhausen.

Programm-Flyer | PDF, 291.69 KB

 

Sessionthemen und Präsentationen:

Keynote presentations

Prof. Carlos Batlle | Comillas IIT Madrid, and MIT Cambridge
"Towards a Better Integration of the EU Electricity Market" | PDF, 89.91 KB

Batlle Keynote

Prof. Ross Baldick | University of Austin, Texas
"Recent Trends in the Texan Market (ERCOT): Resource Adequacy, Wind Integration, and Network Planning" | PDF, 0.52 MB

Baldick Keynote

Prof. Pantelis Capros | University of Athens
"Model-based Analysis of Possible Capacity Mechanisms until 2030 in the European Internal Electricity Market" | PDF, 0.84 MB   

Capros Keynote

Europäische Marktintegration

Prof. David Newbery | University of Cambridge
"European Integration, the Target Model and National Policies" | PDF, 1.21 MB

Dr. Georg Zachmann | Bruegel
"Quantifying the Benefits of European Integration and Designing the Institutional Solutions to Reap Them" | PDF, 0.6 MB

Marktdesign, Kapazitätsmechanismen

Dr. Jenny Riesz | Australian University of New South Wales
"Market Design for Renewables Integration in Australia: Need for Capacity Instruments?" | PDF, 0.62 MB

Dr. Marco Nicolosi | Connect
"Reliability and Efficiency Considerations for an Energiewende Market Design" | PDF, 386.11 KB

Dr. Thure Traber | DIW Berlin
"Capacity Mechanisms on the Central European Electricity Market: Effects on Prices, Profits, and Welfare" | PDF, 489.45 KB

Investitionen in Stromnetzausbau und Erzeugungskapazitäten

Dr. Gregor Zoettl | LMU Munich
"Transmission and Generation Investment under Market Coupling and Redispatch: a Computable Equilibrium Framework" | PDF, 1.11 MB

Prof. Juan Rosellon | CIDE Mexico
"Power System Transformation towards Renewables: Effects on Optimal Network Expansion" | PDF, 466.67 KB

Emissionsmärkte

Prof. Karsten Neuhoff | DIW Berlin
"The Role of Hedging in Carbon Markets" | PDF, 357.47 KB

Hauke Herrmann | Oeko-Institute
"Current Surplus in the EU ETS" | PDF, 246.76 KB

Oliver Sartor | CDC Climat
"Free Allocation of CO2 Allowances and Carbon Price pass-through in Traded Sectors: Firm-Level Evidence from the EU ETS" | PDF, 481.65 KB

Übertragungsnetze und Engpassmanagement

Dr. Dominik Ruderer | Dii/München
The Impact of Transmission Pricing" | PDF, 1.89 MB

Jonas Egerer | TU Berlin
"Transmission Investment and Cost-sharing: A Theoretical Analysis and Numerical Application" | PDF, 0.71 MB

Netzregulierung

Prof. Gert Brunekreeft | Jacobs University Bremen
"Design of Incentive Regulation to Optimize Network Development" | PDF, 159.61 KB

Ann-Katrin Lenz | TU Berlin
"Proposal for a Differentiated Incentive Regulation (DIR)" | PDF, 170.72 KB

 

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Workshop III - Grid Expansion in Germany and the neighboring Countries

Date: April 5th, 2013     time: 8.30am - 1.30pm

Venue:  Schumpeter Hall (1st floor), DIW Berlin
              Mohrenstraße 58, 10117 Berlin

Workshop program | PDF, 101.29 KB

 

Prof. Dr. Christian von Hirschhausen Introduction | PPTX, 5.08 MB

Lorenz Jarass Manuskript | PDF, 418.18 KB

Friedrich Kunz presentation | PPTX, 1.57 MB

Georg Zachmann presentation | PPTX, 0.52 MB

Clemens Gerbaulet presentation

 

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Workshop II - Prospective Electricity Generation Costs until 2050

Date: March 8, 2013, 9.30 am - 5 pm

Venue:  Schumpeter Hall (1st floor), DIW Berlin
              Mohrenstraße 58, 10117 Berlin

For the analysis of future German and European energy policy, widely varying assumptions about costs and technical characteristics of power generation technologies are taken. In particular, this concerns the development of costs for solar and wind technologies, as well as nuclear, coal, and gas fired power plants together with their respective production flexibility. Moreover, cost assumptions are subject to variations due to developments in relevant prices, e.g. fuel, capital and power plant prices.

The aim of the workshop is to present and discuss the (future) ranges of cost and technology parameters among experts from industry and research. The participation is limited.

workshop program | PDF, 212.78 KB

presentations:

Prof. Dr. Christian von Hirschhausen: Introduction Challenging the PRIMES numbers | PDF, 1.1 MB

Topic 1: Solar | PDF, 1.18 MB Jan Meiß
Discussant: Thilo Grau presentation | PDF, 303.14 KB

Topic 2: Wind | PDF, 0.75 MB Philip Vogel
Discussant: Heiko Stubner

Tobic 3:  Gas, Coal and Flexibility Dr. Bernd Stöcker
Discussant: Friedrich Kunz presentation | PDF, 137.77 KB

Topic 4: Nuclear | PDF, 1.36 MB Prof. Dr. Christian von Hirschhausen
Discussant: Dr. Thure Traber presentation | PDF, 0.93 MB

 

pictures of the workshop

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Workshop I - Modeling (for) the Energy Transformation

Date:    October 12, 2012

Venue: Schumpeter Hall (1st floor), DIW Berlin
             Mohrenstraße 58, 10117 Berlin

The first official workshop has the target to discuss modeling approaches of current issues and outcomes of the electricity sector. It will address both, conceptual issues of modeling and relevant empirical problems (data, interpretations of results, etc.). For every modul there are one or more discussants as well as a general discussion.
In this context the focus is on the debate if to introduce capacity mechanisms (see workshop program). It will be dealt with capacity markets and other capacity instruments such as the introduction of a strategic reserve. Keynote speaker is Steven A. Gabriel from the University of Maryland.

workshop program | PDF, 86.16 KB

pictures of the workshop

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Internal kick-off workshop

The first workshop of the research project MASMIE took place on march 19th, 2012.

MASMIE_kick off_agenda | PDF, 157.81 KB

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