Facebook LinkedIn Twitter
Shop

IAEE Members and subscribers to The Energy Journal: Please log in to access the full text article or receive discounted pricing for this article.

Regulation, Competition and Investment in the German Electricity Market: RegTP or REGTP

Abstract:
The German energy industries will be subjected to regulation of network access enforced by a sector-specific regulator. Whereas the gas industry broke the regime of negotiated third party access, in electricity nTPA �worked�, although it clearly resulted in a margin squeeze. The government currently discusses whether to use rate-of-return or incentive regulation, to allow ex-ante approval of charges, and the length of the regulatory lag. Close examination suggests that generation capacity still is adequate, but in the longer term there is reason to be alert. The regulatory changes and emission trading system can both contribute to supply security by increasing investment.

Purchase ( $25 )

Energy Specializations: Energy Investment and Finance – Corporate Strategy; Electricity – Markets and Prices ; Electricity – Policy and Regulation

JEL Codes:
D92 - Intertemporal Firm Choice: Investment, Capacity, and Financing
D42 - Market Structure, Pricing, and Design: Monopoly
E60 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General

Keywords: Electricity markets, Germany, Competition, regulation, investment

DOI: 10.5547/ISSN0195-6574-EJ-Vol26-NoSI-5


Published in Volume 26, Special Issue of The Quarterly Journal of the IAEE's Energy Economics Education Foundation.