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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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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)
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:
DateEvent
September 2013Published
Volume: Volume 2013
Number: Number 157
Number of Pages: 12
Institution: University of Warwick
Status: Not Peer Reviewed
Publication Status: Published
Date of first compliant deposit: 23 November 2016
Date of first compliant Open Access: 23 November 2016

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