Energy market liberalization and the emergence of new energy ventures in Germany

IF 9.2 2区经济学 Q1 ECONOMICS

Energy Policy Pub Date : 2025-09-29 DOI:10.1016/j.enpol.2025.114882

Prashant Pant , Frank-Martin Belz

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Abstract

This paper investigates how energy market liberalization and the policies supporting renewable energy integration have influenced the emergence of new energy ventures in Germany. A wide range of policies is examined, including the Energy Industry Act (EnWG), the Renewable Energy Sources Act (EEG), the Buildings Energy Act (GEG), and several others that have shaped the sector. The analysis is organized around the electricity value chain by considering upstream, midstream, and downstream segments and traces policy impacts on venture creation through data and case studies. The findings suggest a noticeable trend between regulatory measures and the development of innovative business models. Importantly, the study highlights that technological advancement alone is not sufficient; policy support, financial incentives, and market access mechanisms are critical drivers of both entrepreneurial activity and new venture emergence. The study provides practical insights for policymakers internationally, particularly in countries in the Global South that have yet to undergo energy market liberalization.

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德国能源市场自由化和新能源企业的出现

本文研究了能源市场自由化和支持可再生能源整合的政策如何影响德国新能源企业的出现。研究范围广泛的政策，包括能源工业法案（EnWG），可再生能源法案（EEG），建筑能源法案（GEG），以及其他一些影响该行业的政策。通过考虑上游、中游和下游环节，围绕电力价值链进行分析，并通过数据和案例研究跟踪政策对创业的影响。研究结果表明，监管措施与创新商业模式的发展之间存在明显的趋势。重要的是，该研究强调，仅靠技术进步是不够的；政策支持、财政激励和市场准入机制是创业活动和新创企业出现的关键驱动因素。这项研究为国际上的政策制定者，特别是尚未实现能源市场自由化的全球南方国家的政策制定者提供了实际的见解。

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来源期刊

Energy Policy 管理科学-环境科学

CiteScore

17.30

自引率

5.60%

发文量

540

审稿时长

7.9 months

期刊介绍： Energy policy is the manner in which a given entity (often governmental) has decided to address issues of energy development including energy conversion, distribution and use as well as reduction of greenhouse gas emissions in order to contribute to climate change mitigation. The attributes of energy policy may include legislation, international treaties, incentives to investment, guidelines for energy conservation, taxation and other public policy techniques. Energy policy is closely related to climate change policy because totalled worldwide the energy sector emits more greenhouse gas than other sectors.