University of St.Gallen
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Incomplete Grid-access Contracts and the Strategic Use of Balancing Energy

abstract Ancillary services are needed to keep electric power transmission grids in balance. They thus serve as an insurance device against unexpected demand or supply fluctuations. As with any other insurance system too, ancillary services set incentives for moral hazard. Using unique data provided by a German transmission system operator, we empirically provide empirical evidence for the existence and the magnitude of moral hazard.
   
keywords Ancillary services; electricity market; moral hazard
   
partner Roland Füss & Mathias Gerner (EBS Business School)
type applied research project
status ongoing
start of project 2009
end of project 2012
additional informations
topics Industrial organization
methods time-series econometrics
profile area SEPS - Economic Policy
contact Eva Deuchert