Abuse of Dominance and Antitrust Enforcement in the German Electricity Market
|
|
- Augusta Walsh
- 6 years ago
- Views:
Transcription
1 Abuse of Dominance and Antitrust Enforcement in the German Electricity Market Veit Böckers (DICE Düsseldorf) Tomaso Duso (DIW Berlin) Florian Szücs (WU Vienna) CRESSE June 2017 Florian Szücs (WU Vienna) Abuse of Dominance and Antitrust Enforcement in the German Electricity Market June 30, / 12
2 Introduction to the case and the market Introduction: E.ON s (Alleged) Abuse of Dominance We assess the impact of the abuse of dominance case brought by the European Commission (EC) against E.ON, the largest German utility company In 2008, the EU Commission investigated E.ON for the abuse of a joint dominant position by 1. strategically withholding generation capacity 2. favouring its production affiliates for providing balancing services Despite contesting the allegations, E.ON agreed to divest 5,000 MW generation capacity as well as its extra-high voltage network Our approach captures the effects of both remedies, but we believe the network divestiture to be a second-order effect Florian Szücs (WU Vienna) Abuse of Dominance and Antitrust Enforcement in the German Electricity Market June 30, / 12
3 Introduction to the case and the market Introduction: Market Structure Big four firms (E.ON, RWE, EnBW & Vattenfall) are dominant at all layers, vertical integration with legal unbundling Stadtwerke (municipal utilities): local players, possibly different objective functions Independent entrants: small capital stocks, competitive pricing Florian Szücs (WU Vienna) Abuse of Dominance and Antitrust Enforcement in the German Electricity Market June 30, / 12
4 Introduction to the case and the market Introduction: The Divestitures Plants were sold to different buyers in the period between January 2009 and May TW are about 1/8 of E.ON s total generation capacity Both power plants and drawing rights were divested Florian Szücs (WU Vienna) Abuse of Dominance and Antitrust Enforcement in the German Electricity Market June 30, / 12
5 Identification, Data & Specification Identification Energy suppliers have more market power during peak periods when demand is higher Shifts to a lower or higher capacity schedule should have larger effects during peak time than off-peak Policy intervention that shifts the supply schedule to the "high capacity" scenario should reduce market power and prices during peak hours while having a smaller effect during off-peak hours. Therefore, a decrease in market power should lead to convergence between peak and off-peak prices Florian Szücs (WU Vienna) Abuse of Dominance and Antitrust Enforcement in the German Electricity Market June 30, / 12
6 Identification, Data & Specification Treatment group Peak price periods (8:00-20:00) Treatment periods 1. Long run effects: post-period starts at begin of divestitures when all divestitures are finalized 2. Short run effects: 7-day treatment windows after pooled divestitures individual divestitures incremental effects Difference-in-Difference During / after alleged abuse of dominance Treatment heterogeneity Capacity divested Fuel type Buyer identity Dataset Hourly data on prices from , aggregated to daily on/off-peak Detailed data on supply and demand drivers Cross-border flows to neighbouring countries Peak vs. off-peak prices within-country DiD Florian Szücs (WU Vienna) Abuse of Dominance and Antitrust Enforcement in the German Electricity Market June 30, / 12
7 Identification, Data & Specification Estimation equation Price equation based on Böckers and Heimeshoff (2014): p it = α + βtreat i + γpost t + δtreat i post t + α 1 wind it + α 2 wind 2 it + α 3sun it + α 4 sun 2 it +α 5 solar_cap t + α 6 temp it + α 7 temp 2 it + α 8cb it + α 9 coupling t + α 10 ind_prod t +α 11 holiday t + ω 1 uranium t + ω 2 coal t + ω 3 gas t + ω 4 oil t + ω 4 emissions t +ζ 1 dow t + ζ 2 month t + ζ 3 year t + ε it Power prices from EEX Oil price index from ICE Brent Europe; Gas price reference is that of ENDEX/TTF; Coal prices from Platts and Argus McCloskey; Emission certificates prices from EEX; Uranium prices from Electricity consumption is retrieved from the ENTSO-E country reports Cross-border flows from network operators (50 Hertz, Amprion, TenneT and TransnetBW) Weather data from Deutscher Wetterdienst, Solarwirtschaft.de Industrial production index from Sachverständigenrat... Florian Szücs (WU Vienna) Abuse of Dominance and Antitrust Enforcement in the German Electricity Market June 30, / 12
8 Identification, Data & Specification Monthly average of German peak and off-peak prices Difference between peak and off-peak prices appears to be lower during/after the remedies Florian Szücs (WU Vienna) Abuse of Dominance and Antitrust Enforcement in the German Electricity Market June 30, / 12
9 Results and Discussion The Effect of the Divestitures on German Wholesale Prices Post Post Short-run Short-run Cumulative pooled individual Peak 30.81*** 32.47*** 23.83*** 24.10*** 31.53*** Peak*Post *** *** ** Peak*Div ** *** Peak*Div *** Peak*Div ** Peak*Div Peak*Div ** Peak*Div *** *** Peak*Div ** Peak*Div ** R N Florian Szücs (WU Vienna) Abuse of Dominance and Antitrust Enforcement in the German Electricity Market June 30, / 12
10 Results and Discussion Heterogeneous effects on Wholesale Prices Fuel Fuel Cap Buyer Buyer Cap Peak 23.89*** 23.97*** 23.95*** 24.03*** Peak*Div(Coal&Gas) * *** Peak*Div(Renewable) Peak*Div(Nuclear) Peak*Div(Grid) Peak*Div(Electrabel) ** * Peak*Div(EnBW) ** *** Peak*Div(MorgStan) Peak*Div(Statkraft) ** ** Peak*Div(TenneT) Peak*Div(Verbund) R N Florian Szücs (WU Vienna) Abuse of Dominance and Antitrust Enforcement in the German Electricity Market June 30, / 12
11 Results and Discussion Robustness Placebo run: effect on Spanish market Autocorrelation of Errors & Data Frequency Treatment Time Windows Effects by hour-of-day definition of peak times: Florian Szücs (WU Vienna) Abuse of Dominance and Antitrust Enforcement in the German Electricity Market June 30, / 12
12 Results and Discussion Conclusions We have studied the effect of the EU Commission s case against E.ON for its alleged abuse of a dominant position in the German wholesale electricity market We adopt a within-country difference-in-difference methodology to estimate the effect of the intervention Identification is based on the observation that energy suppliers have more market power during peak periods when demand is higher We estimate a wholesale price equation using daily data on peak and off-peak prices We find strong and statistically significant convergence effects in the short-run as well as in the long-run. Placebo regressions based on Spanish data support our identification strategy Price reductions appear to be mostly due to the divestiture of gas and coal plants, which is consistent with merit-order considerations Findings suggest that the Commission s decision reduced wholesale prices Florian Szücs (WU Vienna) Abuse of Dominance and Antitrust Enforcement in the German Electricity Market June 30, / 12
Abuse of Dominance and Antitrust Enforcement in the German Electricity Market
Abuse of Dominance and Antitrust Enforcement in the German Electricity Market Veit Böckers, Tomaso Duso and Florian Szücs March 21, 2017 Abstract In 2008, the European Commission investigated E.ON, a large
More informationThe Future Perspective of the Electricity Market Unbundling and Market Integration: A German Perspective
The Future Perspective of the Electricity Market Unbundling and Market Integration: A German Perspective International Symposium Towards YR2030 and Beyond Japan Renewable Energy Foundation (JREF) Dr. Felix
More informationCompetition policy in the EU energy sector
Competition policy in the EU energy sector NEUF 2008 6 June 2008 Kristóf Kovács DG Competition, European Commission EU energy markets the issues Energy Sector Inquiry identified obstacles holding back
More informationCross-Border Technology Differences and Trade Barriers: Evidence from German and French Electricity Markets
Department of Economics Working Paper No. 237 Cross-Border Technology Differences and Trade Barriers: Evidence from German and French Electricity Markets Klaus Gugler Adhurim Haxhimusa October 2016 Cross-Border
More informationINFLUENCE OF ENVIRONMENTAL POLICY AND MARKET FORCES ON COAL-FIRED POWER PLANTS EVIDENCE ON THE DUTCH MARKET OVER
24-11-215 1 INFLUENCE OF ENVIRONMENTAL POLICY AND MARKET FORCES ON COAL-FIRED POWER PLANTS EVIDENCE ON THE DUTCH MARKET OVER 26-214 MACHIEL MULDER University of Groningen 15th IAEE European Conference
More informationModification of Europass Curriculum Vitae
Modification of Europass Curriculum Vitae Personal information First name / Surname Nationality VEIT / BÖCKERS German Date of birth 15/11/1982 City Düsseldorf Postcode 405993 Street Urdenbacher Allee 61
More informationMarket Power and Asymmetric Pass-through in German Electricity Retail
Market Power and Asymmetric Pass-through in German Electricity Retail Tomaso Duso, and Florian Szücs This draft: March 15, 2016 Preliminary version Please do not quote Abstract We analyze the pass-through
More informationAggregated Costs of the German Energiewende How to improve Cost Effectiveness
1 Aggregated Costs of the German Energiewende How to improve Cost Effectiveness Prof. Dr. Georg Erdmann TU Berlin; Chair Energy Systems Founder of Prognoseforum GmbH Member of the Federal Commission Energie
More informationThe German Electricity System
The German Electricity System An Overview Texas-Germany Bilateral Dialogue on Challenges and Opportunities in the Electricity Market Austin,February 27th 2018 Arne Genz German Federal Ministry for Economic
More informationMarket Power and Heterogeneous Pass-Through in German Electricity Retail
1614 Discussion Papers Deutsches Institut für Wirtschaftsforschung 2016 Market Power and Heterogeneous Pass-Through in German Electricity Retail Tomaso Duso and Florian Szücs Opinions expressed in this
More informationWind Research for North Sea wind Energy. Secure sustainable electricity supply
Wind Research for North Sea wind Energy Secure sustainable electricity supply Jan Vorrink Topics overview TenneT short overview Key tasks of a TSO New tasks TenneT The Energy market is changing Offshore
More information2009 Monitoring Report
2009 Monitoring Report by the Federal Network Agency for Electricity, Gas, Telecommunications, Post and Railway pursuant to section 63 (4) Energy Act (EnWG) in conjunction with section 35 EnWG Bonn, August
More informationXPLORER markttrends. The wholesale electricity market from the perspective of both producers and sellers
XPLORER markttrends SPECIAL 11.26 S P E C I A L SPECIAL 12.21 The wholesale electricity market from the perspective of both producers and sellers GENERATION A five-year setback: tough times ahead for electricity
More informationChallenges of Power Price Forecasting
Challenges of Power Price Forecasting 9th Energy & Finance Conference, Essen 10 th October 2013 Thomas Pieper, RWE Supply & Trading PAGE 1 Major fundamental factors influencing power prices on the wholesale
More informationThe Effect of Divestiture in the German Electricity Market
The Effect of Divestiture in the German Electricity Market September 09, 2009 Hannes Weigt Chair of Energy Economics and Public Sector Management Agenda 1. Introduction 2. Model 3. Scenarios 4. Conclusion
More informationThe Effects of Mergers on Prices:
The Effects of Mergers on Prices: Evidence from the German Retail Sector D. Rickert 1, J. P. Schain 2, J. Stiebale 3 Cresse 2017 June 29, 2017 1 TSE, INRA, DICE 2 DICE 3 DICE 1/20 Research question What
More informationThe geopolitics of new energy realities
The changing dynamics of global energy markets: The geopolitics of new energy realities Tom Howes DG European Commission Target: a low carbon-economy by 2050 100% 100% 80% Power Sector Current policy 80%
More informationImplementing the European Grid Declaration 3 October 2012 in Paris. RGI Workshop. 1
RGI Workshop Ecological Management of Overhead Lines (EcoMOL) 03.10.2012 Katja Horenk 50Hertz as part of the European Electricity System Headquarter in Berlin 3 1 4 3 2 1.! 50Hertz 2.! TenneT TSO 3.! Amprion
More informationTHE EFFECT OF RETAIL MERGERS ON VARIETY: AN EX-POST EVALUATION
THE EFFECT OF RETAIL MERGERS ON VARIETY: AN EX-POST EVALUATION Paolo Buccirossi Amsterdam 16 November 2016 Authors 2 Elena Argentesi (University of Bologna) Paolo Buccirossi (Lear) Roberto Cervone (Lear)
More informationIntroduction: from regulated to liberalized markets in electricity
Introduction: from regulated to liberalized markets in electricity Péter Kaderják www. erranet.org Lecture overview 1. Alternative power market models 2. Electricity market segments 3. The changing role
More informationNew power bridges between Germany and Scandinavia
New power bridges between Germany and Scandinavia Interconnector projects in the 50Hertz area Danish meets German Energy Transition Copenhagen, 26/05/2016 Jonas Kraeusel Agenda 1. Renewables in the 50Hertz
More informationTiming of Markets- the Key Variable in Design of Ancillary Service Markets for Power Reserves
Timing of Markets- the Key Variable in Design of Ancillary Service Markets for Power Reserves Alireza Abbasy 1, Reinier A. C. van der Veen, Rudi A. Hakvoort Faculty of Technology, Policy and Management,
More informationChallenges for Future Price Modelling. European Forum on Electricity Pricing Berlin, 27th of May, 2013
Challenges for Future Price Modelling European Forum on Electricity Pricing Berlin, 27th of May, 2013 1 Agenda The FfE The expansion of RES The influence of RES on German Power Markets Day-Ahead Intraday
More informationModelling An Integrated Northern European Regulating Power Market Based On A Common Day-Ahead Market
1 Modelling An Integrated Northern European Regulating Power Market Based On A Common Day-Ahead Market Stefan Jaehnert and Gerard L. Doorman Department of Electric Power Engineering Norwegian University
More informationCoal, Carbon, and the Future of the Global Energy Mix
Coal, Carbon, and the Future of the Global Energy Mix By Richard Morse Woods Institute Energy Seminar March 4, 2009 Agenda 1. Background 2. Fundamentals of the Global Trade 3. Coal in the West: Impact
More informationFRAUNHOFER INSTITUTE FOR SOLAR ENERGY SYSTEMS ISE
FRAUNHOFER INSTITUTE FOR SOLAR ENERGY SYSTEMS ISE Power generation in Germany assessment of 2017 Prof. Dr. Bruno Burger Fraunhofer Institute for Solar Energy Systems ISE Freiburg, Germany, 02.01.2018 www.ise.fraunhofer.de
More informationThe Economic Impacts of the Energiewende (Energy Transition)
The Economic Impacts of the Energiewende (Energy Transition) Graham Weale, Chief Economist RWE AG, Bocconi University Energy Seminar Milan 6th May 214 RWE AG 3/5/214 PAGE 1 Contents 1. Key features of
More informationModelling An Integrated Northern European Regulating Power Market Based On A Common Day-Ahead Market
1 Modelling An Integrated Northern European Regulating Power Market Based On A Common Day-Ahead Market Stefan Jaehnert and Gerard Doorman Department of Electric Power Engineering Norwegian University of
More informationThe value of future damages claims in energy: proven, probable or possible?
Agenda Advancing economics in business The value of future damages claims in energy The value of future damages claims in energy: proven, probable or possible? Identifying competition law infringements
More informationMarket Power Analysis in the Presence of Transmission Constraints. Presented by Assef A. Zobian
Market Power Analysis in the Presence of Transmission Constraints INFORMS Fall 1999 Meeting Philadelphia, PA Presented by Assef A. Zobian Tabors Caramanis & Associates Cambridge, MA 02138 November 7, 1999
More informationEU Competition law and Energy: Recent cases and issues
EU Competition law and Energy: Recent cases and issues 18 March 2011 Céline Gauer*, European Commission, DG Competition John Ratliff, WilmerHale * All views expressed are personal and do not commit the
More informationInsights from Germany s Energiewende
Insights from Germany s Energiewende State of affairs, trends and challenges Christian Redl BUDAPEST, 3 NOVEMBER 2016 Agora Energiewende Who are we Independent think tank with more than 20 energy policy
More informationA Case Study: Optimal Wholesale Power Buying in ERCOT
A Case Study: Optimal Wholesale Power Buying in ERCOT Abstract With over 150 Retail Electric companies, IOUs, munis, and co-ops, Texas has the most dynamic and competitive retail power market in the United
More informationMergers in the energy sector. Xavier Vives IESE Business School
Mergers in the energy sector IESE Business School Outline Trends. The quest for size Characteristics of electricity markets Horizontal merger analysis Vertical merger and foreclosure Remedies Market power
More informationTHE EFFECT OF INTERMITTENT RENEWABLES
THE EFFECT OF INTERMITTENT RENEWABLES ON THE ELECTRICITY PRICE VARIANCE 37TH IAEE INTERNATIONAL CONFERENCE 2014, NEW YORK CITY, UNITED STATES David Wozabal Christoph Graf David Hirschmann TUM School of
More informationReport on the German power system
Report on the German power system Version 1.2 country profile Report on the German power system Imprint country Profile Report on the German power system WRITTEN BY Edith Bayer The Regulatory Assistance
More informationModels of Regulatory Reform Regimes: Strengths and Weaknesses
Models of Regulatory Reform Regimes: Strengths and Weaknesses Presented at: Regional Forum and Workshop on Regulatory Reform in the Electricity Sector of the Caribbean Ted Kury Director of Energy Studies
More informationEuropean Electricity Market Model
European Electricity Market Model András Mezősi REKK Sofia, 19.01.2017 Goals of SEERMAP project Modelling Analyse the impact of the transition to a low carbon and energy secure pathway the electricity
More informationLessons Learned from Market Monitoring in North American Electricity Markets
Lessons Learned from Market Monitoring in North American Electricity Markets Presented at: World Bank Electricity Forum David B. Patton, Ph.D. Potomac Economics February 24, 2003 The Importance of Market
More informationStatistical Survey 2009
1 Wind Power and Spot Prices in Denmark and Germany Statistical Survey 2009 1. Preface This text updates Wind Power and Spot Prices: German and Danish Experience 2006-2008 1 by adding a comprehensive data
More informationScreening Instruments for Monitoring Market Power in Wholesale Electricity Markets Lessons from Applications in Germany
Discussion Paper No. 14-048 Screening Instruments for Monitoring Market Power in Wholesale Electricity Markets Lessons from Applications in Germany Marc Bataille, Alexander Steinmetz, and Susanne Thorwarth
More informationWholesale Electricity Concepts. A. David Cormie P. Eng. Division Manager Power Sales and Operations Manitoba Hydro May 2010
Wholesale Electricity Concepts A. David Cormie P. Eng. Division Manager Power Sales and Operations Manitoba Hydro May 2010 Topics Electricity Accounting Losses Firm Capacity Energy Reserves Products 2
More informationSP-SP Report. Regulation and Competition in the Spanish Gas and Electricity Markets. Summary of findings. ACE, Madrid, 23 October 2008
SP-SP Report Regulation and Competition in the Spanish Gas and Electricity Markets Summary of findings ACE, Madrid, 23 October 2008 Giulio Federico and Xavier Vives SP-SP (IESE) Natalia Fabra Universidad
More informationThe Green Transition of the Danish energy system
The Green Transition of the Danish energy system Brazilian Delegation - Smart Grid Tour Visit to Energinet.dk 24 November 2014 Peter Jørgensen, Vice President 2014.10.20 The Green Transition of the Danish
More informationMonitoring Demand-Side Flexibility
Monitoring Demand-Side Flexibility Assessing the potential and market uptake of Demand-Side Flexibility in the European energy system Position Paper July 2016 Smart Energy Demand Coalition Rue d Arlon
More informationIntroduction. The findings. The wider context ANTITRUST
The Energy Sector Inquiry: conclusions and way forward ( 1 ) Eleonora WÄKTARE, Kristóf KOVÁCS and Alexander GEE, Directorate-General for Competition, unit B-1 Introduction On 10 January 2007, after an
More informationThe liberalisation of the electricity market in France
The liberalisation of the electricity market in France Julien Tognola deputy-director for energy markets directorate general for energy and climate change ministry for environment, energy and the sea Electricity
More informationThe New Approach of the European Commission to Competition Cases in the Energy Sectors Case COMP/ RWE Gas Foreclosure
Global Antitrust Review 2013 183 The New Approach of the European Commission to Competition Cases in the Energy Sectors Case COMP/39.402 RWE Gas Foreclosure BURCAK YALCIN* I. Introduction The new competition
More informationThe Merit Order Effect of Wind and PV Generation in Germany
The Merit Order Effect of Wind and PV Generation in Germany Estimation and Implications Johanna Cludius IAEE European Conference Düsseldorf, 19/08/2013 Main findings Considerable merit order effects 2008-2012
More informationAgenda Short and medium term impact of the German moratorium Longer term challanges: maintaining supply security during decarbonization
Challenges in electricity a focus on Europe Agenda Short and medium term impact of the German moratorium Longer term challanges: maintaining supply security during decarbonization Germany: Moderate, 10%
More information- An overview - Karsten Bourwieg Federal Network Agency. Bonn
The Federal Network Agency - An overview - Karsten Bourwieg Federal Network Agency Friday, June 1, 2007 Bonn AGENDA History Organization structure Responsibilities Core activities Cooperation with national
More informationFRAUNHOFER INSTITUTE FOR SOLAR ENERGY SYSTEMS ISE
FRAUNHOFER INSTITUTE FOR SOLAR ENERGY SYSTEMS ISE Power generation in Germany assessment of 2017 Prof. Dr. Bruno Burger Fraunhofer Institute for Solar Energy Systems ISE Freiburg, Germany, 08.05.2018 www.ise.fraunhofer.de
More informationSESSION I Regional scenario building and common principles
SESSION I Regional scenario building and common principles Energy Transition from a European Perspective, Round Table Discussion, 27. September 2013 50Hertz at a Glance Value (share in DE) Surface area
More informationWIND AND SOLAR INTEGRATION INTO POWER SYSTEMS WORLD-WIDE EXPERIENCE
WIND AND SOLAR INTEGRATION INTO POWER SYSTEMS WORLD-WIDE EXPERIENCE Dr. Dipl.-Ing. Thomas Ackermann, Energynautics, Germany t.ackermann@energynautics.com AGENDA Development and Status in Germany Comparison
More informationInvestor Group Lunch. London, 12 July 2011 Stefan Judisch, CEO RWE Supply & Trading GmbH
Investor Group Lunch London, 12 July 211 Stefan Judisch, CEO RWE Supply & Trading GmbH PAGE 2 The era of Gemütlichkeit > In Central Europe, the Biedermeier era refers to the middle-class sensibilities
More informationSecurity of supply: a pan-european approach
Final Report Security of supply: a pan-european approach The opportunities and requirements of greater cooperation across European electricity markets Commissioned by Weltenergierat Deutschland e.v. Prognos
More informationThe power market. How the power market functions Power trading Price formation International power trading Electricity output un the Nordic countries
The power market How the power market functions Power trading Price formation International power trading Electricity output un the Nordic countries 7 82 The power supply sector in Norway is regulated
More informationLiberalisation of the European Electricity Industry: Internal Market or National Champions?
Liberalisation of the European Electricity Industry: Internal Market or National Champions? Fabio Domanico Abstract This article offers an analysis of the present competitive and regulatory framework of
More informationGermany s Energiewende
Germany s Energiewende at a glance Vienna, 4 MARCH 2014 Basic Facts 1 What is it all about? A Definition of the Energiewende In order to realise high shares of Renewables in the entire energy system, a
More informationHistorical Growth, Current Situation and Future Prospects of Wind Energy for Electricity Generation in Germany
Historical Growth, Current Situation and Future Prospects of Wind Energy for Electricity Generation in Germany Berlin School of Economics and Law Master of Arts in International Economics SS 2016 Supervisors:
More informationFlexibility choices for distribution networks
Flexibility choices for distribution networks New roles and tasks for the DSOs to facilitate markets Energiforsk- EFORIS Conference Evolving the market matching the future needs Stockholm, November 23,
More informationManaging Large Amounts of Wind Generated Power Feed In Every Day Challenges for a German TSO and Approaches for Improvements
24th USAEE/IAEE North America Conference Washington DC, 10 July 2004 Managing Large Amounts of Wind Generated Power Feed In Every Day Challenges for a German TSO and Approaches for Improvements Steffen
More informationAppraisal of the Economic Impact of Competition Policy Enforcement on the Functioning of Telecoms Markets in the EU.
Appraisal of the Economic Impact of Competition Policy Enforcement on the Functioning of Telecoms Markets in the EU Matthew Weinberg Drexel University March 17, 2017 Drexel University, Gerri C. LeBow Hall,
More informationLong-term. energy contracts. Building Markets through Antitrust. MIT- EDF Conference in Paris July Adrien De Hauteclocque
MIT- Cambridge @ EDF Conference in Paris July 2008 Long-term energy contracts in European Competition Policy: Building Markets through Antitrust Adrien De Hauteclocque Université de Manchester et de Paris
More informationWorkshop on Regional Electricity Trade and Market Development
Workshop on Regional Electricity Trade and Market Development Considerations in Developing a Framework for Competitive Regional Electricity Markets April 24, 2014 Paradigm Shift In response to development
More informationNeed for Flex & Capacity
Need for Flex & Capacity Flux50 Energy transition: next steps? Brussels May, 25 th 2018 David Zenner, Head of customer Relations Part I: Need for Flex Major trends impacting the power system The development
More informationTHE BENELUX MARKET CONTRASTING NATIONAL DEVELOPMENTS Dr Leendert Florusse, Director of Asset Development, Essent Energie
THE BENELUX MARKET CONTRASTING NATIONAL DEVELOPMENTS Dr Leendert Florusse, Director of Asset Development, Essent Energie Summary Although the basic regulatory rules seem to be the same, the development
More informationPRICE FORECASTS FOR POWER AND CERTIFICATE MARKETS
PRICE FORECASTS FOR POWER AND CERTIFICATE MARKETS FEBRUARY 2015 EDITION THEMA offers long term price forecasts for the Nordic and German power markets as well as the market for electricity certificates
More informationGermany's Energy Concept
Germany's Energy Concept Road Map for the Renewable Age Germany's Energy Concept; Road Map for the Renewable Age GTAI The German Federal Government's "Energy Concept for an Environmentally Sound, Reliable
More informationEnergiewende: Challenges for municipal energy supplier in Germany. SPECIAL Training Week
Energiewende: Challenges for municipal energy supplier in Germany SPECIAL Training Week Dr. Barbara Praetorius, Head of Policy and Strategy, VKU Berlin, 5 September 2013 VKU represents 1,429 local public
More informationIntegrating RES-E in Balancing Markets by harmonising procurement of FRR in selected Central European Countries
Integrating RES-E in Balancing Markets by harmonising procurement of FRR in selected Central European Countries BETTINA BURGHOLZER TU Wien Energy Economics Group (EEG) 4 th September 2017 15 th European
More informationTenneT The digital transformation
TenneT The digital transformation Towards Improvements on RES Integration 7 th Solar Integration Workshop Berlin, 24.10.2017 Donald Kreiken TenneT a Leading European TSO GRID > 22,000 km END-USERS > 41
More informationWindfall profits of German electricity producers in the second phase of the EU Emissions Trading Scheme ( )
Windfall profits of German electricity producers in the second phase of the EU Emissions Trading Scheme (2008-2012) Briefing Paper for World Wide Fund for Nature Germany (WWF Germany) Berlin, 14 May 2008
More informationRethinking state aid for environmental protection. Paul Dawson EFET 12 April 2013
Rethinking state aid for environmental protection Paul Dawson EFET paul.dawson@rwe.com 12 April 2013 1 Why support low carbon generation at all? Why the 20:20:20 package? How does this need to evolve?
More informationThe Evolution of the PJM Market in the United States: Looking Back to Look Forward
The Evolution of the PJM Market in the United States: Looking Back to Look Forward Feasibility Study for ASEAN Multilateral Power Trade September 5-6, 2018 Jakarta, Indonesia Craig Glazer Vice President
More informationOverview on electricity systems and renewables integration V. Dordonnat RTE France
Overview on electricity systems and renewables integration V. Dordonnat RTE France virginie.dordonnat@rte-france.com Outline 1. Introduction 2. Weather and European power system 3. Near Future 4. Conclusion
More informationExplanatory notes to the import and export of electricity
Onderwerp Explanatory notes to the import and export of electricity Explanatory notes to the import and export of electricity Facts, TenneT s view and answers to key questions: - How do imports and exports
More informationSession 2: Competition Policy Fundamentals
Session 2: Competition Policy Fundamentals Training on Competition and Changing Market Conditions: Impact on ICT Regulation Addis Ababa, 6 th 9 th November, 2007 By Dr Chris Doyle Warwick Business School
More informationMergers: Commission clears proposed merger between Telefónica Deutschland (Telefónica) E-Plus subject to conditions-frequently asked questions
EUROPEAN COMMISSION MEMO Brussels, 2 July 2014 Mergers: Commission clears proposed merger between Telefónica Deutschland (Telefónica) E-Plus subject to conditions-frequently asked questions (See also IP/14/771)
More informationHOW WILL A CO 2 PRICE AFFECT THE PLAYING FIELD IN THE NORTHWEST EUROPEAN POWER SECTOR?
HOW WILL A CO 2 PRICE AFFECT THE PLAYING FIELD IN THE NORTHWEST EUROPEAN POWER SECTOR? Adrian Wals 1 and Fieke Rijkers 2 ECN, P.O. Box No. 37154, Amsterdam, The Netherlands September 2003 Abstract In October
More informationMulti-Agent Simulations of the Electricity Market in Central Europe
Multi-Agent Simulations of the Electricity Market in Central Europe Audun Botterud *, Vladimir Koritarov, Prakash R. Thimmapuram Argonne National Laboratory Argonne, IL USA *E-mail: abotterud@anl.gov Outline
More informationPilot Project # 3 e-gcc. Cross Border Balancing Pilot Project (14th May 2014)
Pilot Project # 3 e-gcc Cross Border Balancing Pilot Project (14th May 2014) e-gcc in a nutshell e-gcc is the imbalance netting project (similar to IGCC module 1) Cooperation based on a multilateral contract
More informationEurope s Coming Challenges in Meeting Decarbonisation Objectives
Europe s Coming Challenges in Meeting Decarbonisation Objectives Geoffrey J. Blanford, Ph.D. EPRI-IEA Workshop on Challenges in Electric Sector Decarbonisation 28 September 215, Paris EU electric sector
More informationThe impact of intermittency
The impact of intermittency A presentation to IEA GHG/ Imperial College 11 November 2009 Agenda 1. About Pöyry 2. Introduction to study 3. Thoughts on an intermittent world 2 Pöyry Plc global consulting
More informationC2-204 SC C2 PS2. Improved TSO coordination in the Central West European region
http : //www.cigre.org C2-204 SC C2 PS2 2012 Paris Session Improved TSO coordination in the Central West European region O. Arrivé (RTE), F. Boulet (Coreso), Cristina Moran-Pena and P. Johnson (National
More informationWorking Party No. 3 on Co-operation and Enforcement
For Official Use For Official Use Organisation de Coopération et de Développement Economiques Organisation for Economic Co-operation and Development 12-Feb-2008 English text only DIRECTORATE FOR FINANCIAL
More informationThe influence of essential facilities doctrine in matter of regulation and competition policy in energy network industries
The influence of essential facilities doctrine in matter of regulation and competition policy in energy network industries Adrien de HAUTECLOCQUE Manchester University GRJM Paris Sud Frédéric MARTY CNRS
More informationNetwork Code on Electricity Balancing DSO Associations views on the final version of 23 December 2013
Network Code on Electricity Balancing DSO Associations views on the final version of 23 December 2013 Jorge Tello Guijarro Member of DSOs Expert Group ACER Workshop, Ljubljana, 30th January 2014 DSOs acknowledge
More informationA Market Screening Model for Price Inconstancies
1274 Discussion Papers Deutsches Institut für Wirtschaftsforschung 2013 A Market Screening Model for Price Inconstancies Empirical Evidence from German Electricity Markets Korbinian von Blanckenburg, Marc
More informationMid-term Adequacy Forecast of the Czech Republic ČEPS 08/2016
Mid-term Adequacy Forecast of the Czech Republic 2016-2025 ČEPS 08/2016 Mid-term Adequacy Forecast (MAF CZ) According to Regulation (EC) No 714/2009 ENTSO-E shall adopt the European generation adequacy
More informationVattenfall Capital Markets Day 2008
Vattenfall Capital Markets Day 2008 Presentation by Tuomo Hatakka Senior Executive Vice President and Head of Business Group Vattenfall Central Europe Berlin, September 8 2008 Contents Key data Business
More informationThe Role of TSO to integrate Renewables in Germany
The Role of TSO to integrate Renewables in Germany Vienna, 20.10.2016 Michael Kranhold REFIP 5.0 1 Agenda: The Tasks of the TSO Energiewende Grid Operation and Extension TSO-DSO Cooperation Energiewende
More informationStranded Assets in the Utilities Sector as Europe Moves to a Low Carbon Society
Investment Research Stranded Assets in the Utilities Sector as Europe Moves to a Low Carbon Society Gary Buesser, CFA, Director, Research Analyst Alistair Godrich, CFA, Vice President, Research Analyst
More informationRenewable energy: regulatory and market issues
Renewable energy: regulatory and market issues László Szabó Please feel free to add your logo here! www. erranet.org Outline Renewable electricity outlook Policy context Technology development Regional
More informationLesson learned about the integration of large amount of volatile Renewable Energy Resources
Francesco Rizzo, Area Manager America & Iberia III BIREGIONAL FORUM WEC N.A. AND LAC- Cancun, Dec. 6-7, 2012 How to Satisfy the Energy Demand of the Americas in a World with Greater Environmental and Financial
More informationEdF/BE: Yin and Yang why complementarity can be problematic
EdF/BE: Yin and Yang why complementarity can be problematic Miriam Driessen Reilly, Polyvios Panayides and Raphaël De Coninck ( 1 ) I. Introduction( 1 On 24 September 2008, following ongoing talks with
More informationElectricity Market Code
Electricity Market Code Chapter 1 Definitions Version 2.0 This documents contains a partial translation of the Austrian Electricity Market Code from German into English. It is provided for the reader s
More informationCalculation of transmission capacities between partner-grids
Translation for information purposes only. See especially the German version approved by the German Federal Networks Agency (BNetzA). Calculation of transmission capacities between partner-grids 20th May
More informationEuropean Transmission System Operators. Users Group Belgian Grid. June 10th 2010
European Transmission System Operators Users Group Belgian Grid June 10th 2010 EWIS A Common Study of all Synchronous Areas within Europe Common initiative of ETSO/UCTE ENTSO-E Time horizon 2008 2015 Outlook
More informationVATTENFALL FOR A FOSSIL FREE FUTURE Vattenfall AB Group Presentation 2017
VATTENFALL FOR A FOSSIL FREE FUTURE Vattenfall AB Group Presentation 2017 WE POWER CLIMATE SMARTER LIVING We will help power our customers to live free from fossil fuels within one generation 2 VATTENFALL
More information