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econ.GN2026
Arbitrage and rents in European long-term transmission rights
Clemens Stiewe
Long-term transmission rights (LTTRs) are designed to support hedging in interconnected European electricity markets. LTTR auction prices have historically fallen short of forward…
econ.GN2026
Competitive effects of transmission constraints in the German electricity market
Alice Lixuan Xu, Clemens Stiewe
This paper estimates the effect of cross-border transmission constraints on suspected market power abuse in the German wholesale electricity market. Using a 2SRI instrumental varia…