Arbeitspapier
Financial Wind CfDs
Contracts for differences are widely discussed as a cornerstone of Europe’s future electricity market design. In this paper, we make three contributions to the debate. First, we summarize the dispatch and investment distortions that traditional CfDs cause. Second, we propose an alternative CfD specification that we dub "financial wind CfDs". It is a hybrid between CfDs and forward contracts that aims at being superior to conventional CfDs both in terms of risk mitigation and incentives. Third, we point out that "the other side of the contract", the government’s financial position resulting from any long-term contract with generators, must be carefully handled to avoid muting consumers' flexibility incentives or depleting forward markets.
- Sprache
-
Englisch
- Erschienen in
-
doi:10.1016/j.enpol.2024.113981
- Klassifikation
-
Wirtschaft
Alternative Energy Sources
- Thema
-
electricity market
market design
contracts for differences
energy economics
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Schlecht, Ingmar
Hirth, Lion
Maurer, Christoph
- Ereignis
-
Veröffentlichung
- (wer)
-
ZBW – Leibniz Information Centre for Economics
- (wo)
-
Kiel, Hamburg
- (wann)
-
2022
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Schlecht, Ingmar
- Hirth, Lion
- Maurer, Christoph
- ZBW – Leibniz Information Centre for Economics
Entstanden
- 2022
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