Prof. Sebastian Schwenen, PhD

Working Papers

System Price Dynamics for Battery Storage (with Magnus Schauf), revision requested at Energy Policy.
Strategic Ability and Corporate Carbon Emissions (with Moritz Bohland).
How (not) to Manage Nuclear Safety (with Mario Amore and Chloé le Coq).
Nuclear and Renewable Energy: Friends or Foes? (with Chloé le Coq).
Corporate Hedging Policies: Evidence from Energy Markets (with Mats Kröger and Karsten Neuhoff).


Renewable Energy and Equilibrium Hedging in Electricity Forward Marketswith Karsten Neuhoff, The Energy Journal, forthcoming.

Local Energy Markets, with Pio Baake and Christian von Hirschhausen, Journal of Industrial Economics, forthcoming.

Hiring Lucky CEOs, with Mario Amore, Journal of Law, Economics, and Organization, 2022.

Renewable Support and Strategic Pricing in Electricity Markets, with Moritz Bohland, International Journal of Industrial Organization, Vol. 80, 2022.

Mills of Progress Grind Slowly? Estimating Learning Rates for Onshore Wind Energy, with Magnus Schauf, Energy Economics,  Vol. 104, 2021.

Is Real-time Pricing Smart for Consumers?, with Anette Boom, Journal of Regulatory Economics, Vol. 60, 193–213, 2021.

The Impact of Carbon Disclosure Mandates on Emissions and Financial Operating Performance, with Benedikt Downar, Jürgen Ernstberger, Stefan Reichelstein, and Aleksandar Zaklan, Review of Acccounting Studies, 26, no. 3: 1137-1175, 2021.

Renewable Auctions: Bidding for Real-Options, with David Matthäus and David Wozabal, European Journal of Operational Research, 291, no. 3: 1091-1105, 2021.

Financial Contracts as Coordination Device, with Chloé le Coq, Journal of Economics & Management Strategy, 29(2), 241-259, 2020.

Pricing and capacity provision in electricity markets: an experimental study, with Chloé le Coq and Henrik Orzen. Journal of Regulatory Economics, 51(2), 123-158, 2017.

Power markets with renewables: New perspectives for the European Target Model, with Karsten Neuhoff and Sophia Wolter. The Energy Journal, 37, 2016.

A coordinated strategic reserve to safeguard the European energy transition, with Karsten Neuhoff, Jochen Diekmann, Friedrich Kunz, Sophia Rüster, and Wolf-Peter Schill. Utilities Policy, 41, 252-263, 2016. 

Strategic bidding in multi‐unit auctions with capacity constrained bidders: the New York capacity market. The RAND Journal of Economics, 46(4), 730-750, 2015.

Market design and supply security in imperfect power markets. Energy Economics, 43, 256-263, 2014.

A post-2020 EU energy technology policy: Revisiting the strategic energy technology plan, with Sophia Ruester, Matthias Finger, and Jean-Michel Glachant. Energy Policy, 66, 209-217, 2014.

From distribution networks to smart distribution systems: Rethinking the regulation of European electricity DSOs, with Sophia Ruester, Carlos Batlle, and Ignacio Perez-Arriaga. Utilities Policy (31), 229-237, 2014.

A strategic energy technology policy towards 2050: no-regret strategies for European technology push, with Sophia Ruester, Matthias Finger, and Jean-Michel Glachant. International Journal of Energy Technology and Policy, 9(2), 160-174, 2013.

Book Chapters and Book Reviews

Strengths and Weaknesses of the Nordic Market Model, with Chloé Le Coq, In: The Handbook on Electricity Markets, edited by Jean-Michel Glachant, Paul Joskow, and Michael Pollitt, 2021.

Book review of "Capacity Mechanism in the EU Energy Market: Law, Policy, and Economics". Economics of Energy & Environmental Policy, Vol.5 (2), 2016.

Policy Reports and Invited Contributions

Gas and the electrification of heating & transport: scenarios for 2050, with José Luis Moraga, Chloé Le Coq, and Machiel Mulder. CERRE Policy Paper, 2018.

Strategic interaction via derivatives: on the use of swaps in electricity markets, with Chloé Le Coq, IAEE Energy Forum, 2017.

Challenges for natural gas in the context of the Energy Union, with Chloé Le Coq. CERRE Policy Paper, 2017.

Capacity mechanisms: Needs, solutions, and state of affairsInternational Council on Large Electricity Systems (CIGRE) Report, 2016. 

The declining value of peak forward contracts, with Karsten Neuhoff. IAEE Energy Forum (First Quarter), 2014.

In the Media

The Value of Luck in the Labour Market for CEOs (with Mario Amore), column in, August 2020.