Journals / Sosyoekonomi / 2010 / Cilt: 12 - Sayı: 12

Electricity Market Design for Germany

Pages
—
Publication Date
2010-09-01
DOI
—
🏛️Bibliographic metadata and full text access for this article are provided via DergiPark.
DergiPark Record ↗
✨

AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

This paper describes recent reforms in the electricity sector and makes suggestions on how to improve the current state of market performance in the industry.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Germany has two ambitious goals: It wants to generate 20% of its electricity from renewable sources by 2020; and it wants to reach its nuclear phase-out target by 2021, according to the Atomic Energy Law of 2002.
📊
Key Findings & Data:To be successful, it needs a strong transmission network that connects the offshore wind parks at the North and Baltic Sea with regions of high population and industry densities.
💡
Conclusion & Impact:This paper describes recent reforms in the electricity sector and makes suggestions on how to improve the current state of market performance in the industry.
🔬Design:Research Article
📍Scope:2020 Verileri
⚙️Variables:Domain Parameters

Abstract

Germany has two ambitious goals: It wants to generate 20% of its electricity from renewable sources by 2020; and it wants to reach its nuclear phase-out target by 2021, according to the Atomic Energy Law of 2002. To be successful, it needs a strong transmission network that connects the offshore wind parks at the North and Baltic Sea with regions of high population and industry densities. At the same time it has to be keeping its generation capacity at a high enough level. This paper describes recent reforms in the electricity sector and makes suggestions on how to improve the current state of market performance in the industry.

Özet

Germany has two ambitious goals: It wants to generate 20% of its electricity from renewable sources by 2020; and it wants to reach its nuclear phase-out target by 2021, according to the Atomic Energy Law of 2002. To be successful, it needs a strong transmission network that connects the offshore wind parks at the North and Baltic Sea with regions of high population and industry densities. At the same time it has to be keeping its generation capacity at a high enough level. This paper describes recent reforms in the electricity sector and makes suggestions on how to improve the current state of market performance in the industry.

🔖

Cite This Article

REES, R., SCHOLZ, S. (2010). Electricity Market Design for Germany. Sosyoekonomi, Cilt: 12 - Sayı: 12. https://ajindex.com/articles/139720

📄 Full Text PDF Viewer

📄

PDF görüntüleyici hazırlanıyor...

References (14)

  1. Allaz, B. and J. Villa (1993), “Cournot Competition, Forward Markets and Efficiency”, Journal of Economic Theory, 59, 1-16.
  2. Baldick, R. and E. Kahn (1993), “Network costs and the regulation of wholesale competition in electric power”, Journal of Regulatory Economics, 5, 367-384.
  3. Borenstein, S. (2000), “The Trouble with Electricity Markets: Understanding California’s Restructuring Disaster,” Journal of Economic Perspectives, 16(1), 191-211.
  4. Borenstein, S., J. Bushnell and F. Wolak (2002), “Measuring Market Inefficiencies in California’s Restructured Wholesale Electricity Market”, American Economic Review, 92(5), 1376-1404.
  5. Buehler, S., A. Schmutzler and M-A. Benz (2004), “Infrastructure Quality in Deregulated Industries: Is there an Underinvestment Problem?”, International Journal of Industrial Organization, 22( 2), 253-267.
  6. Brunekreeft, G. and K. Keller (2000): “The Electricity Supply Industry in Germany; Market Power or Power of the Market?”, Utilities Policy, 9(1), 15-29.
  7. Brunekreeft, G. (2008), “Ownership Unbuilding in Electricity Markets - A Social Cost Benefit Analysis of the German TSO’S,” Cambridge Working Papers in Economics 0833, Faculty of Economics, University of Cambridge. Brunekreeft, G. and T. McDaniel (2005), “Policy Uncertainty and Supply Adequacy in Electric Power Markets”, Oxford Review of Economic Policy, 21(1), 111-127.
  8. Borenstein, S. and S. Holland (2007), “On the Efficiency of Competitive Electricity Markets with Time-invariant Retail Prices”, RAND Journal of Economics, 36(3), 469-493.
  9. Cramton, P. and S. Stoft (2008), “Forward Reliability Markets: less risk, less market power, more efficiency”, Utilities Policy, 16, 194-201.
  10. Cremer, H., J. Crémer, and P. De Donder (2006), “Legal vs. Ownership Unbundling in Network Industries”, CEPR Working Paper No. 5767. DENA (2005), “Planning of the Grid Integration of Wind Energy in Germany Onshore and Offshore up to the Year 2020”,
  11. Deutsche Energie-Agentur, Berlin March 2005.
  12. DENA (2008), “Kurzanalyse der Kraftwerks- und Netzplanung in Deutschland 2020”,
  13. Deutsche Energie-Agentur, Berlin, March 2008.
  14. The Economist (2009), “Technology Quarterly: Building the smart grid”, 13-15, June 6. Finon, D. and F. Roques, (2008), “Financing arrangements and industrial organisation for new nuclear build in electricity markets”, Cambridge Working Papers in Economics 0850, Faculty of Economics, University of Cambridge. Hogan, W. (2005), “On an ‘Energy-Only’ electricity market design for resource adequacy”, paper p