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http://hdl.handle.net/10419/67052
  

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dc.contributor.authorHaucap, Justusen_US
dc.contributor.authorHeimeshoff, Ulrichen_US
dc.contributor.authorJovanovic, Draganen_US
dc.date.accessioned2012-11-28en_US
dc.date.accessioned2012-11-29T12:30:55Z-
dc.date.available2012-11-29T12:30:55Z-
dc.date.issued2012en_US
dc.identifier.isbn978-3-86304-074-1en_US
dc.identifier.urihttp://hdl.handle.net/10419/67052-
dc.description.abstractThe German reserve power market was subject to important regulatory changes in recent years. A new market design was created by synchronization and interconnection of the four control areas. In this paper, we analyze whether or not the reforms led to lower prices for minute reserve power (MRP). In contrast to existing papers, we use a unique panel dataset to account for unobserved heterogeneity between the four German regional markets. Moreover, we control for endogeneity by using weather data as instruments for electricity spot market prices. We find that the reforms were jointly successful in decreasing MRP prices leading to substantial cost savings for the transmission system operators.en_US
dc.language.isoengen_US
dc.publisherDICE Düsseldorfen_US
dc.relation.ispartofseriesDICE Discussion Paper 75en_US
dc.subject.jelC33en_US
dc.subject.jelC36en_US
dc.subject.jelL59en_US
dc.subject.jelL94en_US
dc.subject.ddc330en_US
dc.subject.keywordCompetitionen_US
dc.subject.keywordFrequency Controlen_US
dc.subject.keywordMinute Reserve Poweren_US
dc.subject.keywordRegulationen_US
dc.subject.keywordProductive Efficiencyen_US
dc.subject.keywordWelfareen_US
dc.titleCompetition in Germany's minute reserve power market: An econometric analysisen_US
dc.typeWorking Paperen_US
dc.identifier.ppn730567729en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:dicedp:75-
Appears in Collections:DICE Discussion Paper, Düsseldorf Institute for Competition Economics (DICE)

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