How does Germany's green energy policy affect electricity market volatility? An application of conditional autoregressive range models

• Published in: Energy policy Vol. 98; pp. 621 - 628
• Main Author: Auer, Benjamin R.
• Format: Journal Article
• Language: English
• Published: Kidlington Elsevier Ltd 01.11.2016; Elsevier Science Ltd
• Subjects: Alternative energy; Autoregressive models; CARR modelling; Clean energy; Data processing; Dynamic models; EEG; EEX data; Electricity; Electricity consumption; Electricity markets; Electricity pricing; Emissions control; Emissions trading; Energy; Energy industry; Energy policy; Environmental policy; Europe; German energy policy; Germany; International law; Laws; Markets; Prices; Regulation; Renewable energy; Scandals; Stability; Studies; Volatility; Europe; C22; Q48; CARR modelling; Electricity markets; EEX data; German energy policy; Q41

Based on a dynamic model for the high/low range of electricity prices, this article analyses the effects of Germany's green energy policy on the volatility of the electricity market. Using European Energy Exchange data from 2000 to 2015, we find rather high volatility in the years 2000–2009 but...