-
Refereed essays Web of Science
Moving non-incremental innovations from the pilot scale to full commercial scale raises questions about the need and implementation of public support. Heuristics from the literature put policy makers in a dilemma between addressing a market failure and acknowledging a government failure: incentives for private investments in large scale demonstrations are weak (the valley of death) but the track record ...
In:
Energy Policy
119 (2018), S. 154-167
| Gregory F. Nemet, Vera Zipperer, Martina Kraus
-
Refereed essays Web of Science
In:
Journal of Cleaner Production
187 (2018), S. 960-973
| Chris Bataille, Max Åhman, Karsten Neuhoff, Lars J. Nilsson, Manfred Fischedick, Stefan Lechtenböhmer, Baltazar Solano-Rodriquez, Amandine Denis-Ryan, Seton Stiebert, Henri Waisman, Oliver Sartor, Shahrzad Rahbar
-
Refereed essays Web of Science
The global energy system is undergoing a major transition, and in energy planning and decision-making across governments, industry and academia, models play a crucial role. Because of their policy relevance and contested nature, the transparency and open availability of energy models and data are of particular importance. Here we provide a practical how-to guide based on the collective experience of ...
In:
Energy Strategy Reviews
19 (2018), S. 63-71
| Stefan Pfenninger, Lion Hirth, Ingmar Schlecht, Eva Schmid, Frauke Wiese, Tom Brown, Chris Davis, Matthew Gidden, Heidi Heinrichs, Clara Heuberger, Simon Hilpert, Uwe Krien, Carsten Matke, Arjuna Nebel, Robbie Morrison, Berit Müller, Guido Pleßmann, Matthias Reeg, Jörn Richstein, Abhishek Shivakumar, Iain Staffell, Tim Tröndle, Clemens Wingenbach
-
Refereed essays Web of Science
The creation of adequate investment incentives has been of great concern in the restructuring of the electricity sector. However, to achieve this, regulators have applied different market designs across countries and regions. In this paper we employ laboratory methods to explore the relationship between market design, capacity provision and pricing in electricity markets. Subjects act as firms, choosing ...
In:
Journal of Regulatory Economics
51 (2017), 2, S. 123-158
| Chloé Le Coq, Henrik Orzen, Sebastian Schwenen
-
Refereed essays Web of Science
This paper proposes a measurement framework that explicitly accounts for the role of natural capital in productivity measurement. It is applied to aggregate economy data from the OECD Productivity Database, with natural capital data from the World Bank. It is shown that the direction of the adjustment to productivity growth depends on the rate of change of natural capital extraction relative to the ...
In:
The Review of Income and Wealth
63 (2017), S.1, S. 7-21
| Nicola Brandt, Paul Schreyer, Vera Zipperer
-
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
-
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
-
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
-
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
-
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