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Referierte Aufsätze Web of Science
A shift from zonal to nodal pricing improves the efficiency of system operation. However, resulting price changes also shift surplus across generation and loads at different locations. As individual actors can lose, they might oppose any reform. We explore how allocation of financial transmission rights can be used to mitigate the distributional impact. The fundamental effects with regard to reference ...
In:
Energy Economics
60 (2016), S. 176-185
| Friedrich Kunz, Karsten Neuhoff, Juan Rosellón
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Referierte Aufsätze Web of Science
Situated at the intersection of the literatures on speculative storage and non-renewable commodity scarcity, this paper considers whether changes in persistence have occurred in long-run U.S. prices of the energy commodities crude oil, natural gas and bituminous coal. We allow for a structural break when testing for a break in persistence to avoid a change in the stochastic properties of prices being ...
In:
Energy Economics
59 (2016), S. 96-103
| Aleksandar Zaklan, Jan Abrell, Anne Neumann
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Referierte Aufsätze Web of Science
This article employs a simple model to describe bidding behavior in multi-unit uniform price procurement auctions when firms are capacity constrained. Using data from the New York City procurement auctions for power generating capacity, I find that firms use simple bidding strategies to coordinate on an equilibrium that extracts high rents for all bidders. I show theoretically and empirically that ...
In:
Rand Journal of Economics
46 (2015), 4, S. 730-750
| Sebastian Schwenen
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Referierte Aufsätze Web of Science
One of the central debates surrounding the design of the European Union Emissions Trading Scheme is the approach to address carbon leakage concerns. Correctly identifying the economic activities exposed to the risk of carbon leakage represents the first step in mitigating the risk effectively. This paper assesses the robustness of the quantitative assessment criteria used by the European Commission ...
In:
Environmental & Resource Economics
60 (2015), 1, S. 99-124
| Misato Sato, Karsten Neuhoff, Verena Graichen, Katja Schumacher, Felix Matthes
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Referierte Aufsätze Web of Science
This paper argues that the development of energy systems rests on a combination of three different domains of socio-economic processes and associated modes of decision-making. For shorthand these are termed ‘satisficing’, ‘optimising’, and ‘transforming’ domains, with corresponding underpinnings found in behavioural, neoclassical, and evolutionary economics respectively. Each domain operates at different ...
In:
Technological Forecasting & Social Change
98 (2015), S. 290-302
| Michael Grubb, Jean-Charles Hourcade, Karsten Neuhoff
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Referierte Aufsätze Web of Science
To assess how capital stocks adapt to energy price changes, it is necessary to account for the impacts on different vintages of capital and to account separately for price-induced and autonomous improvements in the energy efficiency of capital stock. The results of econometric analysis for five manufacturing industries in 19 OECD countries between 1990 and 2005 indicate that higher energy prices resulted ...
In:
Journal of Environmental Economics and Management
68 (2014), 2, S. 340-356
| Jevgenijs Steinbuks, Karsten Neuhoff
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Referierte Aufsätze Web of Science
With the European Strategic Energy Technology Plan (SET Plan) expiring in 2020, the EU needs to revisit its energy technology policy for the post-2020 horizon and to establish a policy framework that fosters the achievement of ambitious EU commitments for decarbonization by 2050. We discuss options for a post-2020 EU energy technology policy, taking account of uncertain technology developments, uncertain ...
In:
Energy Policy
66 (2014), S. 209-217
| Sophia Rüster, Sebastian Schwenen, Matthias Finger, Jean-Michel Glachant
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Referierte Aufsätze Web of Science
This paper reviews the adjustments of the feed-in tariffs for new solar photovoltaic (PV) installations in Germany. As PV system prices declined rapidly since 2009, the German government implemented automatic mechanisms to adjust the remuneration level for new installations in response to deployment volumes. This paper develops an analytic model to simulate weekly installations of PV systems of up ...
In:
Energy Economics
44 (2014), S. 36-46
| Thilo Grau
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Referierte Aufsätze Web of Science
Supply security in imperfect power markets is modelled under different market designs. In a uniform price auction for electricity with two firms, strategic behaviour may leave firms offering too few capacities and unable to supply all realized demand. Market design that relies on capacity markets increases available generation capacities for sufficiently high capacity prices and consequently decreases ...
In:
Energy Economics
43 (2014), S. 256-263
| Sebastian Schwenen
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Referierte Aufsätze Web of Science
Distributed energy resources allow for new business models that have the potential to substantially change today's power system functioning paradigm. In particular, these changes pose challenges for distribution system operators (DSOs) and their regulation alike. This article sheds light on missing aspects in current regulation, recognizing DSOs as regulated monopolies, but also as key players along ...
In:
Utilities Policy
31 (2014), S. 229-237
| Sophia Rüster, Sebastian Schwenen, Carlos Batlle, Ignacio Pérez-Arriaga