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dc.contributor.authorHaucap, Justusen
dc.contributor.authorHeimeshoff, Ulrichen
dc.contributor.authorJovanovic, Draganen
dc.date.accessioned2012-11-28-
dc.date.accessioned2012-11-29T12:30:55Z-
dc.date.available2012-11-29T12:30:55Z-
dc.date.issued2012-
dc.identifier.isbn978-3-86304-074-1en
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
dc.language.isoengen
dc.publisher|aHeinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE) |cDüsseldorfen
dc.relation.ispartofseries|aDICE Discussion Paper |x75en
dc.subject.jelC33en
dc.subject.jelC36en
dc.subject.jelL59en
dc.subject.jelL94en
dc.subject.ddc330en
dc.subject.keywordCompetitionen
dc.subject.keywordFrequency Controlen
dc.subject.keywordMinute Reserve Poweren
dc.subject.keywordRegulationen
dc.subject.keywordProductive Efficiencyen
dc.subject.keywordWelfareen
dc.titleCompetition in Germany's minute reserve power market: An econometric analysis-
dc.typeWorking Paperen
dc.identifier.ppn730567729en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:dicedp:75en

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