Arbeitspapiere

  • Felten, B.; Felling, T.; Osinski, P.; Weber, C.: Flow-Based Market Coupling Revised - Part I: Analyses of Small- and Large-Scale Systems. 06/2019. Essen 2019. doi:10.2139/ssrn.3404044 Volltext RIS Download Details
  • Felling, T.; Felten, B.; Osinski, P.; Weber, C.: Flow-Based Market Coupling Revised - Part II: Assessing Improved Price Zones in Central Western Europe. 07/2019. Essen 2019. doi:10.2139/ssrn.3404046 Volltext RIS Download Details
  • Höckner, J.; Voswinkel, S.; Weber, C.: Market distortions in flexibility markets caused by renewable subsidies – The case for side payments - Details. 05/2019. Essen 2019. RIS Download Details
  • Baginski, J. P.: Spatio-temporal diffusion of solar thermal systems in Germany: A spatial panel data analysis - Details. 04/2019. Essen 2019. RIS Download Details
  • Thomsen, J.; Weber, C.: How the design of retail prices, network charges, and levies affects profitability and operation of small-scale PV-Battery Storage Systems - Details. 03/2019. Essen 2019. RIS Download Details
  • Baginski, J. P.; Weber, C.: Coherent estimations for residential photovoltaic uptake in Germany including spatial spillover effects - Details. 02/2019. Essen 2019. RIS Download Details
  • Jahns, C.; Podewski, C.; Weber, C.: Supply Curves for Hydro Reservoirs - Estimation and Usage in Large-Scale Electricity Market Models - Details. 01/2019. Essen 2019. RIS Download Details
  • Botor, B.; Böcker, B.; Kallabis, T.; Weber, C.: Information shocks and profitability risks for power plant investments - Impacts of policy instruments - Details. 05/2018. Essen 2018. RIS Download Details
  • Böcker, B.; Leisen, R.; Weber, C.: Optimal capacity adjustments in electricity market models – an iterative approach based on operational margins and the relevant supply stack - Details. 06/2018. Essen 2018. RIS Download Details
  • Furtwaengler, C.; Weber, C.: Reserve Provision by CHP Units and its Impact on Equilibria in Spot and Reserve Markets - Details. 03/2018. Essen 2018. RIS Download Details
  • Raasch, Jessica: Flexible Use of Residential Heat Pumps - Possibilities and Limits of Market Participation - Details. 02/2018. Essen 2018. RIS Download Details
  • Pape, C.; Weber, C.; Woll, O.: Estimating the value of flexibility from real options: On the accuracy of hybrid electricity price models - Details. Essen 2018. RIS Download Details
  • Beran, P.; Pape, C.; Weber, C.: Modelling German electricity wholesale spot prices with a parsimonious fundamental model – Validation & application - Details. 01/2018. Essen 2018. RIS Download Details
  • Pape, C.: The impact of intraday markets on the market value of flexibility–Decomposing effects on profile and the imbalance costs - Details. 11/2017. Essen 2017. Volltext RIS Download Details
  • Felten, B.; Baginski, P.; Weber, C.: KWK-Mindest- und Maximaleinspeisung - Die Erzeugung von Zeitreihen für die Energiesystemmodellierung - Details. 10/2017. Essen 2017. RIS Download Details
  • Felten, B.; Weber, C.: Modeling the Value of Flexible Heat Pumps - Details. HEMF Working Paper 09/2017. Essen 2017. RIS Download Details
  • Baginski, P.; Weber, C.: A Consumer Decision-making Process? Unfolding Energy Efficiency Decisions of German Owner-occupiers - Details. 08/2017. Essen 2017. RIS Download Details
  • Renz, A. A.; Weber, C.: Optimal Extraction Paths with Electric Power Generation - Details. 07/2017. Essen 2017. RIS Download Details
  • Felling, T.; Weber, C.: Consistent and robust delimitation of price zones under uncertainty with an application to Central Western Europe - Details. 06/2017. Essen 2017. RIS Download Details
  • Pape, C.; Vogler, A.; Woll, O.; Weber, C.: Forecasting the distributions of hourly electricity spot prices - Accounting for serial correlation patterns and non-normality of price distributions. 05/2017. Essen 2017. Volltext RIS Download Details

    We present a stochastic modelling approach to describe the dynamics of hourly electricity prices. The suggested methodology is a stepwise combination of several mathematical operations to adequately characterize the distribution of electricity spot prices. The basic idea is to analyze day-ahead prices as panel of 24 cross-sectional hours and to identify principal components of hourly prices to account for the cross correlation between hours. Moreover, non-normality of residuals is addressed by performing a normal quantile transformation and specifying appropriate stochastic processes for time series before fit. We highlight the importance of adequate distributional forecasts and present a framework to evaluate the distribution forecast accuracy. The application for German electricity prices 2015 reveal that: (i) An autoregressive specification of the stochastic component delivers the best distribution but not always the best point forecasting results. (ii) Only a complete evaluation of point, interval and density forecast, including formal statistical tests, can ensure a correct model choice.

  • Raasch, J.; Weber, C.: Decentralized Local Pricing – Improving Network Usage in a Smart-Grid Environment under Limited Information - Details. Essen 2017. RIS Download Details
  • Baldursson, F.; Bellenbaum, J.; Lazarczyk, E.; Niesen, L.; Weber, C.: Welfare optimal reliability and reserve provision in electricity markets with increasing shares of renewable energy sources - Details. 05/2017. Essen 2017. RIS Download Details
  • Felten B.; Raasch, J.; Weber, C.: Photovoltaics and Heat Pumps – Limitations of Local Pricing Mechanisms - Details. 02/2017. Essen 2017. RIS Download Details
  • Bucksteeg, M.; Spiecker, S.; Weber, C.: Impact of Coordinated Capacity Mechanisms on the European Power Market - Details. 01/2017. Essen 2017. RIS Download Details
  • Fritz, A.; Stein, M.; Weber, C.: The Role of Heterogeneous Agents in Fuel Markets: Testing Tales of Speculators in Oil Markets - Details. 05/2015. Essen 2015. RIS Download Details
  • Hagemann, S.; Weber, C.: Trading Volumes in Intraday Markets - Theoretical Reference Model and Empirical Observations in Selected European Markets - Details. 03/2015. Essen 2015. RIS Download Details
  • Bauermann, K.; Weber, C.: Individual choice in a residential building & heating model – An application case for Germany - Details. 01/2015. Essen 2015. RIS Download Details
  • Kissing, L.; Weber, C.: Support mechanisms for renewables: How risk exposure influences investment incentives - Details. 03/2014. Essen 2014. RIS Download Details
  • Bucksteeg, M.; Trepper, K.; Weber, C.: Impacts of Res-Generation and Demand Pattern on Net Transfer Capacity: Implications for Effectiveness of Market Splitting in Germany - Details. 02/14. Essen 2014. RIS Download Details
  • Felix, B.; Weber, C.: Valuation Of Multiple Hyro Reservoir Storage Systems In Competitive Electricity Markets - Details. 01/2014. Essen 2014. RIS Download Details
  • Trepper, K.; Bucksteeg, M.; Weber, C.: An integrated approach to model redispatch and to assess potential benefits from market splitting in Germany - Details. 19/2013. Essen 2013. RIS Download Details
  • Hagemann, S.: Price Determinants in the German Intraday Market for Electricity: An Empirical Analysis - Details. 18/2013. Essen 2013. RIS Download Details
  • Hagemann, S.; Weber, C.: An Empirical Analysis of Liquidity and its Determinants in The German Intraday Market for Electricity - Details. 17/2013. Essen 2013. RIS Download Details
  • Spiecker, S.; Eickholt, V.; Weber, C.: The Impact of Carbon Capture and Storage on a Decarbonized German Power Market - Details. Essen 2013. RIS Download Details
  • Schmitz, K.; Weber, C.: Does One Design Fit All? On The Transferability Of The PJM Market Design To The German Electricity Market - Details. Essen 2013. RIS Download Details
  • Sunderkötter, M.; Ziegler, D.; Weber, C.: Perfect Competition vs. Riskaverse Agents: Technology Portfolio Choice in Electricity Markets - Details. Essen 2013. RIS Download Details
  • Renz, A.; Weber, C.: A Hotelling Model for Fixed-Cost Driven Power Generation - Details. Essen 2012. RIS Download Details
  • Fritz, A.: European Electricity and interrelated Futures Markets: A cointegrated Vector Autoregressive Analysis - Details. 05/12. Essen 2012. RIS Download Details
  • Just, S.; Weber, C.: Strategic Behavior in the German Balancing Energy Mechanism: Incentives, Evidence, Costs and Solutions - Details. 04/2012. Essen 2012. RIS Download Details
  • Felix, B: Gas Storage Valuation: A Comparative Simulation Study - Details. 01/2012. Essen 2012. RIS Download Details
  • Steffen, B.: Prospects for pumped‐hydro storage in Germany - Details. 07/2011. Essen 2011. RIS Download Details
  • Sunderkötter, M.: Fuel mix characteristics and expected stock returns of European power companies - : Details. 06/11. Essen 2011. RIS Download Details
  • Sunderkötter, M.; Weber, C.: Mean-Variance optimization of power generation portfolios under uncertainty in the merit order - Details. 05/11. Essen 2011. RIS Download Details
  • Fritz, A.; Weber, C.: Informational Efficiency in Futures Markets for Crude Oil - Details. 03/11. Essen 2011. RIS Download Details
  • Himmes, P.; Weber, C.: Optimal Environmental Policy Design In The Presence Of Uncertainty And Technology Spillovers - Details. 02/11. Essen 2011. RIS Download Details
  • Schaeffler, S.; Weber, C.: The Cost of Equity of Network Operators - Empirical Evidence and Regulatory Practice - Details. 01/11. Essen 2011. RIS Download Details
  • Weber, C.: Quantification of Political Risk in Energy Foresight - A Method Overview - Details. 01/10. Essen 2010. RIS Download Details
  • Sunderkötter, M.; Weber, C.: Valuing Fuel Diversification in Optimal Investment Policies for Electricity Generation Portfolios - Details. 04/09. Essen 2009. RIS Download Details
  • Bauermann, K.; Eickholt, V.; Weber, C.: Energieeinsparverordnung und Erneuerbare Energien Wärme Gesetz - Auswirkungen auf die Heizkosten und -systeme in Wohngebäuden (Methodik und erweiterte Fassung) [zu Gesetzliche Änderungen: Wirtschaftlichkeit von Heizsystemen neu hinterfragen] - Details. 02/09. Essen 2009. RIS Download Details
  • Weber, C.: Efficiency versus Robustness of Markets - Why improving market efficiency should not be the only objective of market regulation - Details. 01/09. Essen 2009. RIS Download Details
  • Weber, C.; Vogel, P.; Woll, O.: Modelling the impact of different permit allocation rules on optimal power plant portfolios - Details. 03/07. Essen 2007. RIS Download Details
  • Weber, C.; Woll, O.: Portfolio optimization in electricity trading with limited liquidity - Details. 02/07. Essen 2007. RIS Download Details
  • Weber, C.; Woll, O.: Merit-Order-Effekte von Erneuerbaren Energien - Zu schön um wahr zu sein? - Details. 01/07. Essen 2007. RIS Download Details
  • Weber, C.; Vogel, P.: Decentralized energy supply and electricity markets structures - Details. 01/05. Essen 2005. RIS Download Details
  • Schaeffler, S.: An Evaluation of Different Approaches to Capital Structure Regulation - Details. 02/2012. Essen RIS Download Details
  • Schaeffler, S.; Schober, D.; Weber, C.: Technical Uncertainty and Value of Information with Application to Optimal Network Component Replacement - Details. 03/2012. Essen RIS Download Details
  • Trepper, K.; Weber, C.; Deilen, C.: Vergleich von Redispatch-Vergütungsmodellen und Entwicklung eines nachträglich zonalen Modells für ein effizienteres Engpassmanagement in Deutschland. Essen RIS Download Details

    Traditionell basiert das Engpassmanagement in Deutschland auf bilateralen Verträgen. Jedoch setzt eine Vergütung basierend auf bilateralen Verträgen nur begrenzt Anreize. So haben die Kraftwerksbetreiber keine Anreize, ihre Grenzkosten offenzulegen. Zudem ist die Teilnahme am Redispatch nicht verpflichtend, wodurch ein mögliches hohes Potential nicht genutzt wird. Aus diesen Gründen ist es wichtig, das Engpassmanagement in Deutschland neu zu gestaltet. In diesem Artikel werden daher verschiedene Redispatch-Vergütungsmodelle, wie sie in der Literatur diskutiert werden (Inderst, Wambach (2007), Hakvoort et al. (2009)), miteinander verglichen und hinsichtlich ihrer Anreize für Produzenten, Übertragungsnetzbetreiber und Konsumenten bewertet. Des Weiteren wird ein nachträglich zonales Modell als eine kurzfristige, effiziente Engpassmanagementmethode entwickelt. Der Fokus dieser Analyse liegt auf Deutschland als eines der größten Strommärkte in Europa.

  • Spiecker, S.; Eickholt, V.; Weber, C.: The Impact of Capture and Storage on a Decarbonized German Power Market - Details. RIS Download Details
  • Schober, D.; Weber, C.: Refinancing under Yardstick Regulation with Investment Cycles–The Case of Long-Lived Electricity Network Assets - Details. 21/13. Essen RIS Download Details
  • Just, S.: The German Market for System Reserve Capacity and Balancing - Details. 06/2015. Essen RIS Download Details
  • : . RIS Download Details
  • : . RIS Download Details
  • : . RIS Download Details
  • : . RIS Download Details
  • : . RIS Download Details