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Europe’s Energy Transition by Manuel Welsch

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Chapter 18

Case Study

Design Options for the German Electricity Market

Lea Renz1, Rupert Hartel1, Dogan Keles1, Wolf Fichtner1 and Hrvoje Keko2,    1Karlsruhe Institute of Technology (KIT), Karlsruhe, Germany,    2Energy Institute Hrvoje Požar (EIHP), Zagreb, Croatia

Abstract

The reliability of the energy-only market (EOM) in Europe is currently heavily disputed. The primary reason for this is the so-called missing-money problem. Model-based analyses regarding the functionality of the EOM and selected capacity mechanisms indicate that capacity markets have the potential to provide investment signals that are necessary for a decarbonization of the electricity mix. But an appropriate parameterization of capacity markets is difficult and major ...

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