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Publikationen des Projekts: Umsetzung der EU-Richtlinie Erneuerbare Energien vor dem Hintergrund der Diskussion um ein europäisches Marktdesign im Blick auf die Integration der Erneuerbaren Energien (EUREEM)

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  • DIW Wochenbericht 21 / 2015

    Marktstabilitätsreserve stärkt den europäischen Emissionshandel

    Der europäische Emissionshandel soll Emissionen von Treibhausgasen vermindern und Investitionen in klimafreundliche Technologien unterstützen. Allerdings können mehrere Markthemmnisse dazu führen, dass der Emissionshandel aufgrund der großen Überschüsse an Emissionszertifikaten eine kosteneffiziente Entwicklung der Emissionsminderung nur eingeschränkt unterstützt. Die Europäische Kommission hat daher ...

    2015| Karsten Neuhoff, William Acworth, Anne Schopp
  • DIW Economic Bulletin 21 / 2015

    Mandatory Direct Marketing of Wind Power Increases Financing Costs

    The 2014 reform of the Renewable Energy Sources Act (Erneuerbare-Energien- Gesetz, or EEG) entailed that a mandatory direct marketing of green electricity be introduced. According to this law, operators of larger wind turbines must sell their electricity production on the electricity market. In addition to the wholesale price they receive a floating market premium, which is based on the average market ...

    2015| Thilo Grau, Karsten Neuhoff, Matthew Tisdale
  • Diskussionspapiere 1544 / 2016

    Intraday Markets for Power: Discretizing the Continuous Trading?

    A fundamental question regarding the design of electricity markets is whether adding auctions to the continuous intraday trading is improving the performance of the market. To approach this question, we assess the experience with the implementation of the 3 pm local auction for quarters in Germany at the European Power Exchange (EPEX SPOT) in December 2014 to assess the impact on trading volumes/liquidity, ...

    2016| Karsten Neuhoff, Nolan Ritter, Aymen Salah-Abou-El-Enien, Philippe Vassilopoulos
  • Diskussionspapiere 1495 / 2015

    A Coordinated Strategic Reserve to Safeguard the European Energy Transition

    In Germany and beyond, various capacity mechanisms are currently being discussed with a view to improving the security of electricity supply. One of these mechanisms is a strategic reserve that retains generation capacity for use in times of critical supply shortage. We argue that strategic reserves have specific advantages compared to other capacity mechanisms in the context of the European energy ...

    2015| Karsten Neuhoff, Jochen Diekmann, Friedrich Kunz, Sophia Rüster, Wolf-Peter Schill, Sebastian Schwenen
  • Diskussionspapiere 1494 / 2015

    Flexible Short-Term Power Trading: Gathering Experience in EU Countries

    Abstract EU power market design has been focused on facilitating trading between countries and for this has defined interfaces for market participants and TSOs between countries. The operation of power systems and markets within countries was not the focus of these developments. This may have contributed to difficulties of defining or implementing a common perspective in particular on intraday and ...

    2015| Karsten Neuhoff, Carlos Batlle, Gert Brunekreeft, Christos Vasilakos Konstantinidis, Christian Nabe, Giorgia Oggioni, Pablo Rodilla, Sebastian Schwenen, Tomasz Siewierski, Goran Strbac
  • Diskussionspapiere 1483 / 2015

    Modelling a Market Stability Reserve in Carbon Markets

    We examine under which conditions a cap-and-trade mechanism can deliver a dynamically efficient abatement pathway and contribute to a robust investment framework. For this we develop a numerical dynamic partial-equilibrium model that includes differentiated objective functions of different market participants for holding emission allowances based on their banking strategy. If the surplus of allowances ...

    2015| Anne Schopp, William Acworth, Daniel Huppmann, Karsten Neuhoff
  • Diskussionspapiere 1456 / 2015

    Power Market Design beyond 2020: Time to Revisit Key Elements?

    We revisit key elements of European power market design with respect to both short term operation and longer-term investment and re-investment choices. For short term markets, the European policy debate focuses on the definition of common interfaces, like for example gate closure time. We argue that that this is insufficient if the market design is to accommodate for the different needs of renewable ...

    2015| Karsten Neuhoff, Sophia Rüster, Sebastian Schwenen
  • Diskussionspapiere 1441 / 2015

    Financing LNG Projects and the Role of Long-Term Sales-and-Purchase Agreements

    The financing of infrastructures is a major topic in recent energy policy debates. Project finance, as a specialized form of debt finance, thereby has become a well-established financing tool. This paper contributes a qualitative and quantitative analysis of the determinants of the debt ratio in project finance, using data on 26 liquefied natural gas (LNG) export and import projects. We argue that ...

    2015| Sophia Rüster
  • Diskussionspapiere 1418 / 2014

    FTR Allocations to Ease Transition to Nodal Pricing: An Application to the German Power System

    A shift from zonal pricing to smaller zones and nodal pricing improves efficiency and security of system operation. Resulting price changes do however also shift profits and surplus between and across generation and load. As individual actorscan lose, they might oppose any reform. We explore how free allocation of financial transmission rights to generation and load can be used to mitigate the distributional ...

    2014| Friedrich Kunz, Karsten Neuhoff, Juan Rosellón
  • Diskussionspapiere 1387 / 2014

    Impact of Renewable Energy Act Reform on Wind Project Finance

    The 2014 reform of the German Renewable Energy Act introduces a mandatory shift from a fixed feed-in tariff to a floating premium system. This is envisaged to create additional incentives for project developers, but also impacts revenues and costs for new investments in wind generation. Thus uncertainties for example about balancing costs and the impact of the location specific generation profile on ...

    2014| Matthew Tisdale, Thilo Grau, Karsten Neuhoff
20 Ergebnisse, ab 1