Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/331798 
Year of Publication: 
2025
Series/Report no.: 
ifo Working Paper No. 417
Publisher: 
ifo Institute - Leibniz Institute for Economic Research at the University of Munich, Munich
Abstract: 
The European energy market is comprised of a diverse range of actors, each with distinct roles and objectives. This paper proposes a taxonomy that categorizes these actors into five groups: governance, grid and transport, supply, demand, and investors. Utilizing extant literature, we identify salient characteristics and distinctions within these groups through analyzing their interconnections and interactions. By systematically mapping energy flows and investment patterns, we present a structured overview of the market's evolving landscape and its implications for the energy transition, particularly concerning the debate on the necessity of capacity mechanisms.
Subjects: 
Energy transition
Actor Heterogeneity
Firm Behavior
Finance
Capacity mechanisms
JEL: 
Q40
L20
D22
016
D24
Document Type: 
Working Paper

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