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Refereed essays Web of Science
We present an approach to simulate climate and energy policy for the EU, using a flexible and modular agent-based modelling approach and a toolbox, called the Energy Modelling Laboratory (EMLab). The paper shortly reviews core challenges and approaches for modelling climate and energy policy in light of the energy transition. Afterwards, we present an agent-based model of investment in power generation ...
In:
Environmental Modelling & Software
96 (2017), S. 421-431
| Emile J. L. Chappin, Laurens J. de Vries, Jörn Richstein, Pradyumna Bhagwat, Kaveri Iychettira, Salman Khan
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Refereed essays Web of Science
The cross-border effects of a capacity market and a strategic reserve in interconnected electricity markets are modeled using an agent-based modeling methodology. Both capacity mechanisms improve the security of supply and reduce consumer costs. Our results indicate that interconnections do not affect the effectiveness of a capacity market, while a strategic reserve is affected negatively. The neighboring ...
In:
Utilities Policy
46 (2017), S. 33-47
| Pradyumna C. Bhagwat, Jörn Richstein, Emile J. L. Chappin, Kaveri K. Iychettira, Laurens J. de Vries
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Refereed essays Web of Science
We analyze the effectiveness of a forward capacity market (FCM) with long-term contracts in an electricity market in the presence of a growing share of renewable energy. An agent-based model is used for this analysis. Capacity markets can compensate for the deteriorating incentive to invest in controllable power plants when the share of variable renewable energy sources grows, but may create volatile ...
In:
Energy Policy
111 (2017), S. 255-267
| Pradyumna C. Bhagwat, Anna Marcheselli, Jörn Richstein, Emile J. L. Chappin, Laurens J. de Vries
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Refereed essays Web of Science
The effectiveness of a capacity market is analyzed by simulating three conditions that may cause suboptimal investment in the electricity generation: imperfect information and uncertainty; declining demand shocks resulting in load loss; and a growing share of renewable energy sources in the generation portfolio. Implementation of a capacity market can improve supply adequacy and reduce consumer costs. ...
In:
Utilities Policy
63 (2017), 9, S. 76-91
| Pradyumna C. Bhagwat, Kaveri K. Iychettira, Jörn Richstein, Emile J. L. Chappin, Laurens J. de Vries
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Refereed essays Web of Science
In energy systems with large shares of variable renewable energies, electricity generation is lower during unfavorable weather conditions. System-friendly wind turbines (SFTs) rectify this by producing a larger share of their electricity at low wind speeds. This paper analyzes to what extent SFTs' benefits out-weigh their additional costs and how to incentivize investments into them. Using a wind power ...
In:
Energy Economics
65 (2017), S. 343-354
| Nils May
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Refereed essays Web of Science
The Italian white certificate scheme is the main national policy instrument to incentivise energy efficiency of the industrial sector, with savings from white certificates amounting to 2% of Italy's 2012 primary energy consumption. The mechanism sets binding energy-saving targets on electricity and gas distributors with at least 50,000 clients and includes a voluntary opt-in model for participation ...
In:
Energy Policy
104 (2017) 112-123
| Jan Stede
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Refereed essays Web of Science
This paper investigates the impact of changes in environmental policy stringency on industry- and firm-level productivity growth in a panel of OECD countries. To test the strong version of the Porter Hypothesis (PH), we extend a neo-Schumpeterian productivity model to allow for effects of environmental policies. We use a new environmental policy stringency (EPS) index and let the effect of countries׳ ...
In:
Journal of Environmental Economics and Management
81 (2017), S. 209-226
| Silvia Albrizio, Tomasz Kozluk, Vera Zipperer
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Refereed essays Web of Science
We explore whether noncompetitive pricing prevails in Germany’s retail gasoline market by examining the influence of the crude oil price on the retail gasoline price, focusing specifically on how this influence varies according to the brand and to the degree of competition in the vicinity of the station. Our analysis identifies several factors other than cost—including the absence of nearby competitors ...
In:
Land Economics
92 (2016), 4, S. 718-736
| Alex Kihm, Nolan Ritter, Colin Vance
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Refereed essays Web of Science
We discuss at the European example how power market design evolves with increasing shares of intermittent renewables. Short-term markets and system operation have to accommodate for the different needs of renewable and conventional generation assets and flexibility options. This can be achieved by pooling resources over larger geographic areas through common auction platforms, realizing the full flexibility ...
In:
The Energy Journal
37 (2016), SI2, S. 23-38
| Karsten Neuhoff, Sophia Wolter, Sebastian Schwenen
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Refereed essays Web of Science
Nonparametric efficiency analysis has become a widely applied technique to support industrial benchmarking as well as a variety of incentive-based regulation policies. In practice such exercises are often plagued by incomplete knowledge about the correct specifications of inputs and outputs. Simar and Wilson (Commun Stat Simul Comput 30(1):159–184, 2001) and Schubert and Simar (J Prod Anal 36(1):55–69, ...
In:
Journal of Productivity Analysis
45 (2016), 1, S. 35-51
| Anne Neumann, Maria Nieswand, Torben Schubert