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dc.contributor.advisorSteinshamn, Stein Ivar
dc.contributor.authorFarag, Dominique
dc.contributor.authorGroen, Leeor
dc.date.accessioned2016-09-01T11:08:36Z
dc.date.available2016-09-01T11:08:36Z
dc.date.issued2016
dc.identifier.urihttp://hdl.handle.net/11250/2403430
dc.description.abstractAs Europe’s largest economy and as one of the most industrially and technologically advanced countries in the world, Germany has long been at the forefront of managing and implementing change in the electricity sector. With the nation’s plans to phase-out nuclear energy by 2022 following the Fukushima Daichii Nuclear Disaster in conjunction with its own ambitious Energiewende goals of transitioning towards renewable energy, the market has been put under considerable pressure. Further supported by the rise of Smart Grid, increased decentralized generation and the interconnection with other European markets, key market participants are being considerably affected by the scale of change. To understand the implications of these recent trends, the authors examine the development of wholesale and retail electricity prices over an eight years period since 2006. They further assess the impacts on electricity generators and German households as the key market stakeholders who are affected by the diverging wholesale and retail electricity prices. As a result of the developments, the authors believe the role of municipalities and cities to be an increasingly integral part of an effective electricity market in achieving the nation’s goals. The authors find that as a result of market intervention, the market mechanism upon which generators have traditionally relied faces considerable pressure. As a direct result, Germany’s four largest electricity producers are under substantial financial pressure and have had to drastically redefine their businesses. Moreover, despite the low wholesale price of electricity, German households are paying amongst the highest prices for electricity in Europe. This is mainly attributed to the Renewable Energy Surcharge (EEG Umlage), which has increased by 500% since 2006 and in 2015 accounted for more of the household electricity price than the procurement of electricity itself. In summary, the authors conclude the paper with an assessment on how the recent market developments will continue to affect the German electricity supply, demand and prices in the future.nb_NO
dc.language.isoengnb_NO
dc.subjectenergynb_NO
dc.subjectnatural resources and the environmentnb_NO
dc.titleRecent developments and future trends in Germany’s electricity market : an assessment of recent market developments on electricity prices and market stakeholdersnb_NO
dc.typeMaster thesisnb_NO
dc.description.localcodenhhmasnb_NO


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