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Electricity market integration and the impact of unilateral policy reforms
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Grossi, Luigi, Heim, Sven, Hüschelrath, Kai and Waterson, Michael (2018) Electricity market integration and the impact of unilateral policy reforms. Oxford Economic Papers, 70 (3). pp. 799-820. doi:10.1093/oep/gpy005 ISSN 0030-7653.
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Official URL: http://dx.doi.org/10.1093/oep/gpy005
Abstract
We investigate the impact that two German energy reforms—phase-out of nuclear power plants after the Fukushima incident and expansion of renewables due to fixed feed-in tariffs—had on neighbouring countries’ consumers. The unilateral German reforms generated substantial negative and positive impacts, respectively, in neighbouring countries with the highest overall effect of German policy found in France, not Germany; an annual negative impact on consumers of €3.15 billion. We also find significant differences in market integration between neighbouring countries by calculating ratios between the estimated policy decisions’ impacts before and after controlling for interconnector congestion.
| Item Type: | Journal Article | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Subjects: | H Social Sciences > HD Industries. Land use. Labor | ||||||||
| Divisions: | Faculty of Social Sciences > Economics | ||||||||
| Library of Congress Subject Headings (LCSH): | Electric utilities -- Germany, Electric utilities -- France, Nuclear industry -- Germany, Nuclear industry -- France, Fukushima Nuclear Disaster, Japan, 2011 | ||||||||
| Journal or Publication Title: | Oxford Economic Papers | ||||||||
| Publisher: | Oxford University Press | ||||||||
| ISSN: | 0030-7653 | ||||||||
| Official Date: | 1 July 2018 | ||||||||
| Dates: |
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| Volume: | 70 | ||||||||
| Number: | 3 | ||||||||
| Page Range: | pp. 799-820 | ||||||||
| DOI: | 10.1093/oep/gpy005 | ||||||||
| Status: | Peer Reviewed | ||||||||
| Publication Status: | Published | ||||||||
| Access rights to Published version: | Open Access (Creative Commons) | ||||||||
| Date of first compliant deposit: | 4 April 2018 | ||||||||
| Date of first compliant Open Access: | 4 April 2018 | ||||||||
| RIOXX Funder/Project Grant: |
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