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From Energy Legislation to Investment Determination : Shaping Future Electricity Markets with Different Flexibility Options

Title data

Ländner, Eva-Marie ; Märtz, Alexandra ; Schöpf, Michael ; Weibelzahl, Martin:
From Energy Legislation to Investment Determination : Shaping Future Electricity Markets with Different Flexibility Options.
In: Energy Policy. Vol. 129 (June 2019) . - pp. 1100-1110.
ISSN 0301-4215
DOI: https://doi.org/10.1016/j.enpol.2019.02.012

Abstract in another language

Modern electricity markets are characterized by an increasing share of renewable electricity generation. This growth in the share of renewables yields a highly intermittent generation structure. To efficiently integrate renewable electricity generation into our energy system, flexibility options ranging from storage facilities to demand-side management will play a major role in the low-carbon energy transformation. Keeping up with the growing demand for flexibility, energy law must reduce current investment obstacles for flexibility options and establish a climate for future investments with sufficient incentives for private investors. By taking up perspectives from different disciplines, this paper summarizes current investment barriers, presents an overview of the existing legal energy investment framework of the EU and Germany, and elaborates on challenges of the presented legislation. As we argue, a well-designed energy market legislation will be one of the keys to a successful energy transition. However, policy makers will have to (i) lower investment uncertainty for private investors, (ii) avoid a distortion of energy investment law towards specific flexibility options and technologies, and (iii) reduce the complexity of the current legislation.

Further data

Item Type: Article in a journal
Refereed: Yes
Keywords: Energy law; Energy market regulations; Electricity pricing; Long-run Investments; Decision support; Energy flexibility
Institutions of the University: Faculties > Faculty of Law, Business and Economics > Department of Business Administration
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Professorship Business Informations Systems and sustainable IT management
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Professorship Business Informations Systems and sustainable IT management > Professorship Business Informations Systems and sustainable IT management- Univ.-Prof. Dr. Gilbert Fridgen
Research Institutions
Research Institutions > Affiliated Institutes
Research Institutions > Affiliated Institutes > Fraunhofer Project Group Business and Information Systems Engineering
Research Institutions > Affiliated Institutes > FIM Research Center Finance & Information Management
Result of work at the UBT: Yes
DDC Subjects: 000 Computer Science, information, general works > 004 Computer science
300 Social sciences > 330 Economics
Date Deposited: 22 Mar 2019 07:31
Last Modified: 22 Mar 2019 07:31
URI: https://eref.uni-bayreuth.de/id/eprint/48060