Do support systems for RES-E reduce EU-ETS-driven electricity prices?

Rathmann, Max

doi:10.1016/j.enpol.2005.11.029

Cited by 105 publications

(51 citation statements)

References 7 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Rathmann (2007), Sensfuß et al (2008). However, even when compared to the results found in Traber and Kemfert (2009) who use a elasticity of demand of about 0.5 the market price and conventional production reductions obtained in the present paper are modest.…”

contrasting

confidence: 47%

Gone with the wind? — Electricity market prices and incentives to invest in thermal power plants under increasing wind energy supply

2011

View full text Add to dashboard Cite

show abstract

contrasting

confidence: 47%

Gone with the wind? — Electricity market prices and incentives to invest in thermal power plants under increasing wind energy supply

2011

View full text Add to dashboard Cite

show abstract

“…Another important interaction of renewable electricity generation is the interaction with the European emission trading system. A discussion of the interrelation of the German feed-in-support for renewable electricity generation and the European emission trading system can be found in recent publications (Rathmann, 2007;Walz, 2005). Future work will have to take this aspect into account.…”

Section: Introductionmentioning

confidence: 99%

The merit-order effect: A detailed analysis of the price effect of renewable electricity generation on spot market prices in Germany

2008

View full text Add to dashboard Cite

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in EconStor may Massimo GenoeseThe Merit-order effect: A detailed analysis of the price effect of renewable electricity generation on spot market prices in Germany AbstractThe German feed-in support of electricity generation from renewable energy sources has led to high growth rates of the supported technologies. Critics state that the costs for consumers are too high. An important aspect to be considered in the discussion is the price effect created by renewable electricity generation. This paper seeks to analyse the impact of privileged renewable electricity generation on the electricity market in Germany. The central aspect to be analysed is the impact of renewable electricity generation on spot market prices. The results generated by an agent-based simulation platform indicate that the financial volume of the price reduction is considerable. In the short run, this gives rise to a distributional effect which creates savings for the demand side by reducing generator profits. In the case of the year 2006, the volume of the merit-order effect exceeds the volume of the net support payments for renewable electricity generation which have to be paid by consumers.

show abstract

“…Interactions between climate and energy policy are discussed for example in Oikonomou & Jepma (2007), Oikonomou et al (2010), Sorrell & Sijm (2003), Sorrell (2003), Konidari & Mavrakis (2006), Lehmann (2012), Lehmann & Gawel (2012), Böhringer et al (2009), De Jonghe et al (2009), del Rio (2007, Matthes (2010) and Rathmann (2007). A common research finding is that energy and climate policy interactions can have either positive or negative effects on achieving a specific emission target (Oikonomou et al, 2010).…”

Section: Literature Reviewmentioning

confidence: 99%

The impact of electricity demand reduction policies on the EU-ETS: Modelling electricity and carbon prices and the effect on industrial competitiveness

et al. 2013

View full text Add to dashboard Cite

The European electricity market is linked to a carbon market with a fixed cap that limits greenhouse gas emissions. At the same time, a number of energy efficiency policy instruments in the EU aim at reducing the electricity consumption. This article explores the interactions between the EU's carbon market on the one hand and instruments specifically targeted towards energy end-use efficiency on the other hand. Our theoretical analysis shows how electricity demand reduction triggered by energy efficiency policy instruments affects the emission trading scheme: Without adjustments of the fixed cap, decreasing electricity demand reduces the carbon price without reducing total emissions. With lower carbon prices, costly low emission processes will be substituted by cheaper high emitting processes. Possible electricity and carbon price effects of electricity demand reduction scenarios under various carbon caps are quantified with a long-term electricity market simulation model. The results show that electricity efficiency policies allow for a significant reduction of the carbon cap: Compared to the 2005 emission level, 30% emission reductions can be achieved by 2020 within the emission trading scheme with similar or even lower costs for the industrial sector than were expected when the cap was initially set for a 21% emission reduction.

show abstract

Do support systems for RES-E reduce EU-ETS-driven electricity prices?

Cited by 105 publications

References 7 publications

Gone with the wind? — Electricity market prices and incentives to invest in thermal power plants under increasing wind energy supply

Gone with the wind? — Electricity market prices and incentives to invest in thermal power plants under increasing wind energy supply

The merit-order effect: A detailed analysis of the price effect of renewable electricity generation on spot market prices in Germany

The impact of electricity demand reduction policies on the EU-ETS: Modelling electricity and carbon prices and the effect on industrial competitiveness

Contact Info

Product

Resources

About