Thema Energiewirtschaft

Flüssiggas wird künftig eine größere Rolle spielen: Sechs Fragen an Franziska Holz

Strategic Bidding in Multi-unit Auctions with Capacity Constrained Bidders: The New York Capacity Market

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 ...

The Impact of Policy Measures on Future Power Generation Portfolio and Infrastructure: A Combined Electricity and CCTS Investment and Dispatch Model (ELCO)

This paper presents a general electricity-CO2 (ELCO) modeling framework that is able to simulate interactions of the energy-only market with different forms for national policy measures. We set up a two sector model where players can invest into various types of generation technologies including renewables, nuclear and Carbon Capture, Transport, and Storage (CCTS). For a detailed representation of ...

Marktanreize für systemdienliche Auslegungen von Windkraftanlagen

Bisher wurden Windkraftanlagen so ausgelegt, dass sie Strom zu möglichst geringen Gesamtkosten erzeugen, unabhängig vom Marktwert dieses Stroms. Mit steigenden Anteilen der Windenergie im Stromsystem fällt der Marktwert von Strom aus Windkraftanlagen, da sie tendenziell zur gleichen Zeit Strom erzeugen. Deswegen wird es in Zukunft wichtig, Anlagen systemdienlich auszulegen, so dass ein größerer Anteil ...

Im Referenzwertmodell hängt die Vergütung vom künftigen Wert des Stroms ab: Acht Fragen an Nils May

Atomsteuer ist rechtmäßig und richtig: Kommentar

The Impact of Wind Power Support Schemes on Technology Choices

Germany changed renewable remuneration for wind power from a fixed Feed-In Tariff (FIT) to a floating Market Premium Scheme (MPS) in 2012. One aim of this adjustment was to better align the supply of generated wind electricity with the demand for it, e.g. through more system-friendly wind turbine technology choices. In energy systems with a high share of variable renewable energies, such turbines produce ...

Market Incentives for System-Friendly Designs of Wind Turbines

Up until now, wind turbines have been designed to generate electricity at the lowest possible total cost, independent of this electricity’s market value. With an increasing penetration of wind power in the system, the market value of electricity generated by wind turbines is declining, since wind turbines tend to produce electricity at the same time. For this reason, it will be important in the future ...

With the Production Value-Based Benchmark Approach, Remuneration Depends on System-Friendliness: Eight Questions to Nils May

The Ruble between the Hammer and the Anvil: Oil Prices and Economic Sanctions

The exchange rate fluctuations strongly affect the Russian economy, given its heavy dependence on foreign trade and investment. Since January 2014, the Ruble lost 50% of its value against the US Dollar. The fall of the currency started with the conflict between Russia and Ukraine. The impact of the conflict on Russia may have been amplified by sanctions imposed by Western countries. However, as Russia ...