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German energy market fallout from the Japanese earthquake

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Grossi, Luigi and Waterson, Michael (2013) German energy market fallout from the Japanese earthquake. In: 2013 10th International Conference on the European Energy Market (EEM), , Stockholm, 27-31 May 2013. Published in: Proceeding of the 10th International Conference on the European Energy Market (EEM), pp. 1-7. doi:10.1109/EEM.2013.6607385

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Official URL: http://dx.doi.org/10.1109/EEM.2013.6607385

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Abstract

The German response to the Fukushima nuclear power plant incident was possibly the most significant change of policy towards nuclear power outside Japan, leading to a sudden and very significant shift in the underlying power generation structure in Germany. This provides a very useful natural experiment on the impact of changing proportions of conventional fuel inputs to power production, helping us to see how changed proportions in future as a result of policy moves are likely to impact. We find through use of a conventional demand- supply framework that despite the swift, significant change, the main impact was a relatively modest increase in prices occasioned by a shift of the supply curve; there were no appreciable quantity effects on the market, such as power outages, despite some views that the impacts would be significant.

Item Type: Conference Item (Paper)
Divisions: Faculty of Social Sciences > Economics
Journal or Publication Title: Proceeding of the 10th International Conference on the European Energy Market (EEM),
Publisher: IEEE Computer Society
Book Title: 2013 10th International Conference on the European Energy Market (EEM)
Official Date: 2013
Dates:
DateEvent
2013Published
Page Range: pp. 1-7
DOI: 10.1109/EEM.2013.6607385
Status: Peer Reviewed
Publication Status: Published
Conference Paper Type: Paper
Title of Event: 2013 10th International Conference on the European Energy Market (EEM),
Type of Event: Conference
Location of Event: Stockholm
Date(s) of Event: 27-31 May 2013

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