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Notes on the Climate: “Energy Only” – the Future of our Electricity Market?

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  • Alex Schmitt
  • Viktoria von Waldenfels
  • Christoph Weissbart

Abstract

The authors present two possible market designs for the power supply of the future: a further development of the “Energy-only Market” and a combined electricity and capacity market. The first option assumes that an optimised electricity market can guarantee the security of supply. The second option considers this to be unlikely and supports the introduction of an additional capacity market.

Suggested Citation

  • Alex Schmitt & Viktoria von Waldenfels & Christoph Weissbart, 2015. "Notes on the Climate: “Energy Only” – the Future of our Electricity Market?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 68(16), pages 71-73, August.
    • Handle: RePEc:ces:ifosdt:v:68:y:2015:i:16:p:71-73
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    References listed on IDEAS

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    1. Kathleen Spees & Samuel A. Newell & Johannes P. Pfeifenberger, 2013. "Capacity Markets - Lessons Learned from the First Decade," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 2).
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    More about this item

    JEL classification:

    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q47 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy Forecasting

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