2024-03-29T12:26:30Zhttps://research-repository.st-andrews.ac.uk/oai/requestoai:research-repository.st-andrews.ac.uk:10023/117702023-04-25T23:46:46Zcom_10023_1949com_10023_39com_10023_89com_10023_27com_10023_879com_10023_878col_10023_1950col_10023_90col_10023_880
Mulder, Machiel
Scholtens, Bert
University of St Andrews. School of Management
University of St Andrews. Centre for Responsible Banking and Finance
2017-09-30T23:38:24Z
2017-09-30T23:38:24Z
2016-12-01
2017-09-30
Mulder , M & Scholtens , B 2016 , ' A plant-level analysis of the spill-over effects of the German Energiewende ' , Applied Energy , vol. 183 , pp. 1259-1271 . https://doi.org/10.1016/j.apenergy.2016.09.056
0306-2619
PURE: 246457720
PURE UUID: d3b72e97-000e-47d5-a081-7fb80cf7dbdc
RIS: urn:43992A125A22629F51893B556D42ADCA
Scopus: 84989196110
ORCID: /0000-0001-5774-5191/work/27162425
WOS: 000395726400030
http://hdl.handle.net/10023/11770
https://doi.org/10.1016/j.apenergy.2016.09.056
In order to analyse international effects of national energy policies, we investigate the spill-over effects of the German Energiewende on the Dutch power market, which is closely connected to the German market. We estimate the impact of the German supply of wind and solar electricity on the Dutch day-ahead price of electricity and the utilisation of the conventional power plants. We take cross-border capacity constraints into account and use hourly plant-level data over 2006–2014. We find that the price elasticity of German wind on Dutch day-ahead prices is −0.03. However, this effect vanishes when the cross-border capacity is fully utilised. We find a modest negative impact on the utilisation of the Dutch power plants. As such, we conclude that the German Energiewende has had modest spill-over effects to the Dutch market. The recent dramatic performance of the Dutch gas-fired plants can be attributed to the changes in the relative prices of coal versus natural gas. We conclude that national energy policies in one country do not necessarily strongly affect neighbouring markets in case of constrained cross-border capacities.
Postprint
Peer reviewed
13
eng
Applied Energy
Copyright © 2016 Elsevier Ltd. This work is made available online in accordance with publisher's policies. This is the author created, accepted version manuscript following peer review and may differ slightly from the final published version. The final published version is available at https://doi.org/10.1016/j.apenergy.2016.09.056
Energy transition
Energiewende
Renewable energy
Fuel efficiency
Cross-border spill-overs
Transport capacity
HD Industries. Land use. Labor
SDG 7 - Affordable and Clean Energy
SDG 15 - Life on Land
HD
A plant-level analysis of the spill-over effects of the German Energiewende
Journal article
oai:research-repository.st-andrews.ac.uk:10023/138702023-04-25T23:47:20Zcom_10023_1949com_10023_39com_10023_89com_10023_27com_10023_879com_10023_878col_10023_1950col_10023_90col_10023_880
Werner, Lone
Scholtens, Lambertus Johannes Regnerus
University of St Andrews. School of Management
University of St Andrews. Centre for Responsible Banking and Finance
2018-06-10T23:37:54Z
2018-06-10T23:37:54Z
2017-04-19
2018-06-10
Werner , L & Scholtens , L J R 2017 , ' Firm type, feed-in tariff, and wind energy investment in Germany : An investigation of decision making factors of energy producers regarding investing in wind energy capacity ' , Journal of Industrial Ecology , vol. 21 , no. 2 , pp. 402-411 . https://doi.org/10.1111/jiec.12443
1530-9290
PURE: 248065152
PURE UUID: 0b3cde66-4214-4c42-ac0e-9c46225432b2
Scopus: 84978712148
ORCID: /0000-0001-5774-5191/work/69835033
http://hdl.handle.net/10023/13870
https://doi.org/10.1111/jiec.12443
The development of renewable and sustainable energy is advanced by public financial support. Particularly so in the German Energiewende, which seeks to replace nuclear and fossil electricity generation with wind, sun, and biomass. We study the impact of the (changes in the) feed-in tariff policy on the investment in wind electricity generation capacity in Germany in the period 2000-2014. We estimate a generic investment model which includes this support mechanism, the cost of capital, investment risks like wind and price volatility, and manufacturing costs. We discuss specific features for different types of wind energy investors, such as the incumbents, small private investors, diversified companies, and independent power producers. We find that a change in the feed-in tariff has a negative impact on investment capacity regarding the generation of wind energy: a one monetary unit increase in the variation of the tariff is to be associated with a decrease by 0.17 MW wind capacity installed. We argue it is policy uncertainty that makes investors shy away from making real investments. We also argue that the drivers for wind energy investment can differ along different types of firms. For the traditional power producers, especially electricity price volatility, construction costs, and carbon prices seem to matter. But for the other investor types, the feed-in tariff is crucial indeed.
Postprint
Peer reviewed
10
eng
Journal of Industrial Ecology
Copyright © 2016, by Yale University. This work is made available online in accordance with the publisher’s policies. This is the author created, accepted version manuscript following peer review and may differ slightly from the final published version. The final published version of this work is available at https://doi.org/10.1111/jiec.12443
Feed-in tariff
Firm type
Germany
Industrial ecology
Investment
Wind energy
HD Industries. Land use. Labor
HG Finance
NDAS
SDG 7 - Affordable and Clean Energy
SDG 15 - Life on Land
HD
HG
Firm type, feed-in tariff, and wind energy investment in Germany : An investigation of decision making factors of energy producers regarding investing in wind energy capacity
Journal article
oai:research-repository.st-andrews.ac.uk:10023/67882022-09-25T11:30:13Zcom_10023_1949com_10023_39com_10023_89com_10023_27com_10023_879com_10023_878col_10023_1950col_10023_90col_10023_880
Myrseth, Kristian Ove
Wollbrant, Conny
University of St Andrews. School of Management
University of St Andrews. Centre for Responsible Banking and Finance
University of St Andrews. School of Economics and Finance
2015-06-09T08:40:07Z
2015-06-09T08:40:07Z
2015-05
Myrseth , K O & Wollbrant , C 2015 , ' Less cognitive conflict does not imply choice of the default option : Commentary on Kieslich and Hilbig (2014) ' , Judgment and Decision Making , vol. 10 , no. 3 , pp. 277-279 . < http://journal.sjdm.org/14/141214/jdm141214.html >
1930-2975
PURE: 189094207
PURE UUID: 27627da3-fa25-4b15-a29c-aaf1664da08b
Scopus: 84930352511
WOS: 000355331200007
ORCID: /0000-0003-1147-3025/work/119628642
http://hdl.handle.net/10023/6788
http://journal.sjdm.org/vol10.3.html
http://journal.sjdm.org/14/141214/jdm141214.html
Kieslich and Hilbig (2014) employ a mouse-tracking technique to measure decision conflict in social dilemmas. They report that defectors exhibit more conflict than do cooperators. They infer that cooperation thus is the reflexive, default behavior. We argue, however, that their analysis fails to discriminate between reflexive versus cognitively controlled behavioral responses. This is because cognitive conflict can emanate from resisting impulse successfully—or unsuccessfully.
Publisher PDF
Peer reviewed
eng
Judgment and Decision Making
Copyright: © 2015. The authors license this article under the terms of the Creative Commons Attribution 3.0 License (http://creativecommons.org/licenses/by/3.0/)
Social dilemma
Cooperation
Intuition
Cognitive conflict
Self-control
HM Sociology
BC Logic
HM
BC
Less cognitive conflict does not imply choice of the default option : Commentary on Kieslich and Hilbig (2014)
Journal item