| Abstract: | Recently, concerns have been rising that the energy transition may impair the security of power supply in Germany by increasing the risk of shortages and black-outs in the long run. While power generation from volatile wind and solar energy has grown rapidly, incentives to invest in conventional back-up capacity have diminished. To respond to these concerns, the German government has adopted an energy policy reform package to strengthen the regulatory framework for the power market. But is this package appropriate to sustainably safeguard the German power supply? |
