Incentives for industrial loads to provide demand response on day-ahead and reserve markets are affected both by network tariffs, as well as regulations on the provision of flexibility in different markets. This paper uses a numerical model of the chlor-alkali process with a storable intermediate good to investigate how these factors affect the provision of demand response in these markets. We
Atomkraft spielt in der globalen Primärenergieversorgung mit 4,4 Prozent eine geringe und rückläufige Rolle. Der aktuelle Kraftwerkspark ist überaltert, ca. 200 Abschaltungen im kommenden Jahrzehnt stehen lediglich 46 Neubauprojekte gegenüber. Dennoch verbreitet die Atomwirtschaft, insbesondere die World Nuclear Association (WNA), das Narrativ eines großen Interesses vieler Länder an der Neu
At just 4.4 percent, the contribution made by nuclear power to meeting the world’s primary energy requirements is marginal and on the decline. The current nuclear power fleet is outdated with around 200 plants due to be phased out over the next ten years compared to as few as 46 new nuclear power plants under construction worldwide. Yet the nuclear industry, particularly the World Nuclear
Colombia faces several challenges to secure a reliable, affordable, and climate-friendly energy supply. Persistently low reserve-to-production ratios in oil and gas, together with advancing climate change, are putting the country’s energy system at risk. Heavily relying on hydro-power, Colombia’s electricity system will become more vulnerable with extreme weather patterns such as El Niño. This
We show how policies to trigger clean technologies change price competition and market structure. We present evidence from electricity markets, where regulators have implemented diﬀerent policies to subsidize clean energy. Building on a multi-unit auction model, we show that currently applied subsidy designs either foster or attenuate competition. Fixed, price-independent output subsidies decrease
Industrial demand response can play an important part in balancing the intermittent production from a growing share of renewable energies in electricity markets. This paper analyses the role of aggregators – intermediaries between participants and the electricity market – in facilitating industrial demand response. Based on the results from semi-structured interviews with German demand response
This paper provides an empirical test of the Coase Theorem. I analyze whether emissions are independent from allowance allocations in the electricity sector regulated under the EU's Emissions Trading System (EU ETS). Exogenous variation in levels of free allocation for power producing installations enables a difference-in-differences strategy. The analysis reveals that a change in al- location
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