Competition and regulation in energy markets

Key Info

Basic Information

Degree:
Master
Semesters:
Summersemester
Wintersemester
Organizational Unit:
FCN-ESE
Lecturer:
Prof. Dr.-Ing. Aaron Praktiknjo
Language:
German

Further Information

 

Background: Before liberalization, energy markets usually had a monopolistic structure. In this context, a government authority (regulator) authorized the sale of energy to a single company in a concession area. In addition, energy suppliers were usually vertically integrated companies. As a result of directives issued by the European Union, vertically integrated companies in Germany were finally partially disaggregated (unbundled) and the main part of the value chain was liberalized based on the "Essential Facility Theory".

It is hoped that unbundling and liberalization will bring important economic benefits, such as gains in economic efficiency and innovation potential. These advantages are particularly relevant for an export nation like Germany. However, vertically integrated companies as well as monopolies can also offer advantages through synergy effects or an increased security of supply. In the 1990s and 2000s (at times of overcapacity), the prevailing opinion was that the advantages of unbundling and liberalization outweighed the advantages of vertically integrated monopolies.

Content: Today, energy markets are facing new challenges because of the energy transition. This seminar will analyze the impact of competition and regulation on energy markets. In a first part, the lecturers will provide suitable topics, which will be analyzed in writing by the students and presented to the other course participants in the second part. However, students' own suggestions for topics in the context of the focus on competition and regulation can also be included.

Please note that this course is offered in german language only.

Contact

Chuen Tang © Copyright: FCN-ESE

Name

Chuen-Fung Tang

Research Associate

Phone

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+49 241 80-49872

Email

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