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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. Working Paper. Coventry, UK: Department of Economics, University of Warwick. CAGE Online Working Paper Series, Volume 2013 (Number 157).
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Text (Working paper)
WRAP_157-2013_grossi.pdf - Published Version Download (400Kb) | Preview |
Official URL: http://www2.warwick.ac.uk/fac/soc/economics/resear...
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 in favour of
renewables are likely to impact. We find through exploration 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: | Working or Discussion Paper (Working Paper) | ||||
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| Alternative Title: | |||||
| Subjects: | H Social Sciences > HB Economic Theory | ||||
| Divisions: | Faculty of Social Sciences > Economics | ||||
| Library of Congress Subject Headings (LCSH): | Nuclear energy, Nuclear energy -- Government policy -- Germany, Nuclear energy -- Economic aspects | ||||
| Series Name: | CAGE Online Working Paper Series | ||||
| Publisher: | Department of Economics, University of Warwick | ||||
| Place of Publication: | Coventry, UK | ||||
| Official Date: | September 2013 | ||||
| Dates: |
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| Volume: | Volume 2013 | ||||
| Number: | Number 157 | ||||
| Number of Pages: | 12 | ||||
| Institution: | University of Warwick | ||||
| Status: | Not Peer Reviewed | ||||
| Publication Status: | Published |
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