Radioinactive: Do nuclear power plant outages in France affect the German electricity prices?

Sonja Rinne

Energy Economics, 2019, vol. 84, issue S1

Abstract: Do nuclear power plant outages in France affect the German electricity prices? In the case of the extensive inspections from October 2016 to February 2017 in 12 French nuclear power plants: Yes. This capacity shock increased the French electricity spot market price on average by 27.1%. The German-Austrian electricity spot market price was affected through cross-border trade. Due to increased electricity exports from Germany to France, the German-Austrian electricity spot market price increased on average by 3.2%. Moreover, due to decreased electricity imports from France to Germany, the German-Austrian electricity spot price increased on average by 7.6%. These results derive from a quasi-experimental approach based on coarsened exact matching, where the exogenous nature of the capacity shock is exploited as a random treatment in order to identify causal effects.

Keywords: Electricity price; Electricity trade; Nuclear power; Market integration (search for similar items in EconPapers)
JEL-codes: C21 F15 L94 Q41 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:84:y:2019:i:s1:s0140988319303883

DOI: 10.1016/j.eneco.2019.104593

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