The electricity markets in Switzerland, Europe, the USA and many other countries are in a phase of transition: the regulated fossil-nuclear structure of the 20th century is to be replaced by a market driven pre-dominantly renewable structure. With this transition multiple challenges and open questions emerged requiring profound research.
Within this topic cluster, the FoNEW team is active in several related topics, in particular on the impacts of an increasing share of intermittent renewable energies. A central element of the conducted research are quantitative scenario assessments based on numerical market models. In addition, conceptual and small scale models are used for qualitative market design and policy assessments.
Working Paper
- Hirth L., Schlecht I. (2019)
Market-Based Redispatch in Zonal Electricity Markets: Inc-Dec Gaming as a Consequence of Inconsistent Power Market Design (not Market Power)
ZBW – Leibniz Information Centre for Economics, Kiel, Hamburg - Schillinger, M., Schlecht, I., Weigt, H. (2017)
An Island in the Middle of Europe? The Costs of Swiss Electricity Autarky
SCCER CREST Working Paper WP3 - 2017/01 - Schlecht, I., Weigt, H. (2015)
Swissmod - A Model of the Swiss Electricity Market
SCCER CREST Working Paper WP3 - 2015/04 - Abrell, J., Weigt, H. (2015)
Investments in a Combined Energy Network Model: Substitution between Natural Gas and Electricity?
SCCER CREST Working Paper WP3 - 2015/02
Journal Paper
- Abrell J., Eser P., Garrison J., Savelsberg J., & Weigt H. (2019)
Integrating economic and engineering models for future electricity market evaluation: A Swiss case study
Energy Strategy Reviews, 25 - Abrell, J., & Weigt, H. (2016)
The Short and Long Term Impact of Europe's Natural Gas Market on Electricity Markets until 2050.
Energy Journal, 37, SI3 - Schlecht, I., & Weigt, H. (2015)
Linking Europe: the role of the Swiss electricity transmission grid until 2050
Swiss journal of economics and statistics, 151(2) - Kunz, F., & Weigt, H. (2014)
Germany’s Nuclear Phase Out
Economics of Energy & Environmental Policy, 3(2)
Datasets and Models
Price Scenarios up to 2030 used in
Schillinger, M., Weigt, H., Barry, M., & Schumann, R. (2017) "Hydropower Operation in a Changing Market Environment - A Swiss Case Study"
are available as Excel (Link)
Price Scenarios up to 2050 used in
Schlecht, I., & Weigt, H. (2015) "Linking Europe: the role of the Swiss electricity transmission grid until 2050"
are available as Excel (to be added)
Further information on more general market modeling and available data is provided here
Projects and Reports
The FoNEW team was and is involved in a number of projects directly adressing electricity markets:
- NRP70 project "Assessing Future Electricity Markets (AFEM)"
- SFOE project "Modellierung der System Adequacy in der Schweiz im Bereich Strom"
- SFOE project "Electricity market design: Policy coordination and zonal configurations"
Furthermore, many other projects address general topics with links to electricity market aspects. A full project overview is provided here