Estimating the Short-Term Impact of the European Emission Trade System on the German Energy Sector

Carola Hammer () and Gunther Friedl ()
Additional contact information
Carola Hammer: Technical University Munich
Gunther Friedl: Technical University Munich

A chapter in Operations Research Proceedings 2010, 2011, pp 505-510 from Springer

Abstract: Abstract This study focuses on the European Emission Trade System introduced in 2005, since in contrast to other regulatory instruments it remains relatively untested in its economic effects. Because of the inherent uncertainty of the price for emission allowances (EAs), we first model the demand and supply function. For former this study employs contribution margin accounting and production functions of the available power generation technologies as well as combined heat and power installations in Germany. The resulting demand function for EAs is relatively price inelastic at some points due to spreads in primary energy prices and the existing production capacities of different technologies. Consequently, the quantity of EAs has an extensive influence on the price of EAs and so on different indicators with economic importance.

Keywords: Energy Sector; Emission Allowance; Emission Trade System; Trading Period; Power Price (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:oprchp:978-3-642-20009-0_80

Ordering information: This item can be ordered from
http://www.springer.com/9783642200090

DOI: 10.1007/978-3-642-20009-0_80

Access Statistics for this chapter

More chapters in Operations Research Proceedings from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().