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Franz, W., Winkelmann, R., Zimmermann, K. (Eds.) (2007). Energy Markets - Investment, Competition, and Regulation. Duncker & Humblot. https://doi.org/10.3790/978-3-428-52633-8
Franz, Wolfgang; Winkelmann, Rainer and Zimmermann, Klaus F.. Energy Markets - Investment, Competition, and Regulation. Duncker & Humblot, 2007. Book. https://doi.org/10.3790/978-3-428-52633-8
Franz, W, Winkelmann, R, Zimmermann, K (eds.) (2007): Energy Markets - Investment, Competition, and Regulation, Duncker & Humblot, [online] https://doi.org/10.3790/978-3-428-52633-8

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Energy Markets - Investment, Competition, and Regulation

Editors: Franz, Wolfgang | Winkelmann, Rainer | Zimmermann, Klaus F.

Applied Economics Quarterly. Supplements, Vol. 58

(2007)

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Abstract

This supplement to Applied Economics Quarterly reports on the 70th Annual Meeting of the Association of German Economic Research Institutes (ARGE-Institute), which took place in Berlin on April 19, 2007. The topic was "Energy Markets - Investment, Competition, and Regulation."

Energy markets pose a major challenge for the economy, politics, and society: the entire structure of power generation is on the verge of a fundamental renewal. By dealing with the important current question of how regulation will affect investments in generation and transmission capacities within liberalized electricity and gas markets, the conference offered useful contributions for policy advice to the federal government. Keynote speaker Carl Christian von Weizsäcker discussed investments in energy markets, while Jean Michel Glachant, the second keynote speaker, considered the choice between a "Vibrant European Market and Industry or a Bunch of National Energy Champions." The other lectures focused on alternative strategies for renewable energies, biofuels as a climate policy strategy, as well as innovation, competition, and asymmetric strategic investment.

From the editorial by Wolfgang Franz / Rainer Winkelmann / Klaus F. Zimmermann

Table of Contents

Section Title Page Action Price
Editorial 5
Contents 7
Christoph Böhringer, Tim Hoffmann, and Thomas F. Rutherford: Alternative Strategies for Promoting Renewable Energy in EU Electricity Markets 9
Abstract 9
1. Introduction 9
2. Policy Background: Promoting Renewables in Europe 11
3. Numerical Framework 13
3.1 Model Summary 13
3.2 Parameterization 15
4. Policy Scenarios and Results 16
4.1 Policy Scenarios 16
4.2 Simulation Results 17
5. Conclusions 20
References 20
Appendix: Algebraic Model Description 22
Christian von Hirschhausen: Alternative Strategies for Promoting Renewable Energy in EU Electricity Markets. Comment 27
1. Main Arguments of the Paper 27
2. Questions about the Paper 28
3. General Questions on Renewable Deployment 29
References 29
Gernot Klepper: Biofuels and Climate Policy 31
1. Introduction 31
2. The Context for Assessing Biofuels as a Part of Climate Policy 32
3. The Market for Biofuels 34
4. Government Support for Biofuels 36
5. How Much Contribute Biofuels to Climate Protection? 38
6. Policy Options for Biofuel and Bioenergy Policies 42
References 45
Hans-Dieter Karl: Investments of the German Electricity-Supply Industry 47
Abstract 47
1. Features of Electricity Investments 47
2. The Development of the Electricity Sector in Germany 48
3. Conditions for Electricity-Sector Investments 52
4. Electricity Supply Investments to 2025 55
5. Effects of the Alterations of the Electricity Supply 56
References 59
Ingo Ellersdorfer, Stephan Kempe, Uwe Remme, Markus Blesl, Ulrich Fahl, and Alfred Voß: Investments of the German Electricity-Supply Industry. Comment 61
Abstract 61
1. Background 61
2. Model 62
3. Scenarios 63
4. Conclusions 67
References 68
Reinhard Madlener and Pio Baake: Asymmetric Strategic Investment Behavior in Network Industries: the Case of Natural Gas Distribution in Norway 69
Abstract 69
1. Introduction 69
2. Competing Natural Gas Distribution Systems as a Case Study 71
2.1 General Considerations About Pipeline vs. LNG Supply Systems 71
2.2 Retail LNG Distribution in Norway 72
3. Dynamic Strategic Optimization Model 73
3.1 Basic Model Set-up 73
3.2 Optimal Investment and Network Expansion 75
3.2.1 Consumer-related Infrastructure 75
3.2.2 Distribution Infrastructure 76
3.3 Illustrative Example 77
4. Discussion and Conclusions 79
5. Acknowledgements 80
References 80
Till Requate: Asymmetric Strategic Investment Behavior in Network Industries: the Case of Natural Gas Distribution in Norway. Comment 83
Franziska Holz: How Dominant is Russia on the European Natural Gas Market? Results from Modeling Exercises 85
Abstract 85
1. Introduction 85
2. Where Do We Stand – Quantifying Russian Exports to Europe 86
3. A Market Power Model of the European Natural Gas Market 87
3.1 GASMOD Model Description 87
3.2 Data 89
4. Which Market Share for Russia Today and in the Future? 91
4.1 Alternative Market Scenarios 91
4.2 Russian Exports to Europe until 2025 93
5. Russian Exports to Liberalized European Markets 96
6. Conclusions 99
References 100
Ulf Moslener: How Dominant is Russia on the European Natural Gas Market? Comment 103
1. A Topical Issue 103
2. The Modeling Framework 104
3. Useful Insights 104
4. A Difficult Question 106
Participants 107