Universität zu Köln

Essays on the economics and regulatory design of power systems

Hagspiel, Simeon (2016) Essays on the economics and regulatory design of power systems. PhD thesis, Universität zu Köln.

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    Abstract

    Regulation has always been at the core of power systems. Two of the most important reasons for regulatory interventions to be present in today's power systems are negative environmental externalities from power generation, and the fact that the power grid is a natural monopoly. Against this background, this thesis investigates several aspects of the economics and regulatory design of power systems with a focus on the generation and transmission sector. Specifically, it investigates design alternatives for the organization of the different economic activities in these sectors with the goal to induce short- and long-term efficiency. Novel approaches are suggested to identify and tackle economic and regulatory deficits. The specific challenges that are addressed stem from the time-varying and interdependent temporal and spatial distribution of production (especially, from variable renewable energies) and demand, as well as from the degree and exchange of information between different players in the supply chain for electric power. It is shown in the thesis that weak designs in these fields may entail significant losses of social welfare. Moreover, it provides insights and suggestions regarding the efficient handling of those challenges.

    Item Type: Thesis (PhD thesis)
    Creators:
    CreatorsEmail
    Hagspiel, Simeonsimeon.hagspiel@gmx.de
    URN: urn:nbn:de:hbz:38-68583
    Subjects: Economics
    Uncontrolled Keywords:
    KeywordsLanguage
    Economics, regulation, power systems, variable renewable energy, power grid, stochastic generation, information deficitEnglish
    Faculty: Wirtschafts- u. Sozialwissenschaftliche Fakultät
    Divisions: Wirtschafts- u. Sozialwissenschaftliche Fakultät > Staatswissenschaftliches (Volkswirtschaftliches) Seminar
    Language: English
    Date: 04 July 2016
    Date Type: Publication
    Date of oral exam: 01 July 2016
    Full Text Status: Public
    Date Deposited: 07 Jul 2016 10:05:53
    Referee
    NameAcademic Title
    Höffler, FelixProf. Dr.
    Thonemann, UlrichProf. Ph.D.
    URI: http://kups.ub.uni-koeln.de/id/eprint/6858

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