We analyze the interactions between different renewable support schemes and the benefits of real-time pricing (RTP) using a stylized economic model with a detailed demand-side representation calibrated to the German market. We find that there are considerable differences between a market premium on energy and capacity regarding wholesale prices, support levies and market values, which are all related ...
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 ...
Der Artikel analysiert die zeitliche Entwicklung des Berliner Wohnimmobilienmarktes (2009–2014) mit Blick auf die Frage, ob es zu einer potenziellen Überhitzung gekommen ist. Dabei wird der empirische Wirkungszusammenhang zwischen der andauernden Niedrigzinspolitik der Europäischen Zentralbank (EZB) und dessen Wirkung auf den Immobilienpreis evaluiert. Folglich wird ein mögliches Immobilienblasenszenario, ...
Energy sectors—primarily power generation and gas production, but also energy transmission and distribution—require significant capital investment in infrastructure. Market structures as well as the degree of competition and regulation are key factors that determine firms’ incentive to invest. Yet the empirical research on the link between these factors and private investment is still quite scarce, ...
Der Energiesektor zeichnet sich durch den Bedarf an kapitalintensiven Investitionen in Infrastruktur aus – vor allem in der Stromerzeugung und der Gasgewinnung, aber auch in der Energieübertragung und -verteilung. Sowohl die Marktstrukturen als auch der Grad an Wettbewerb und Regulierung sind Schlüsselfaktoren bei der Bestimmung der Investitionsanreize für Unternehmen. Dennoch sind die empirischen ...
We analyze the pass-through of cost changes to retail tariffs in the German electricity market over the 2007 to 2014 period. We find an average pass-through rate of around 60%, which significantly varies with demand factors: while the pass-through rate to baseline tariffs, where firms have higher market power, is only 50%, it increases to 70% in the competitive segment of the market. Although the pass-through ...
