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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
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: |
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| 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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