This paper provides a description of ELMOD, a model of the European electricity market including both generation and … Public Sector Management (EE2) at Dresden University of Technology in order to analyze various questions on market design …, congestion management, and investment decisions, with a focus on Germany and Continental Europe. ELMOD is a bottom-up model …

This paper presents a theoretical and empirical analysis of liquidity in the German intraday market for electricity …-order and intraday adjustment needs as the drivers of liquidity in a perfectly competitive market. The second model relaxes the … assumption of perfect competition in the intraday market and assumes that the trading behavior of profit maximizing market …

This paper investigates the incentives market participants have in the German electricity balancing mechanism … customers. More effective market designs include changes in the balancing mechanism, the reserve capacity and the intraday spot …. Strategic over- and undersupply positions are the result of existing stochastic arbitrage opportunities between the spot market …

This paper presents a theoretical and empirical analysis of liquidity in the German intraday market for electricity …-order and intraday adjustment needs as the drivers of liquidity in a perfectly competitive market. The second model relaxes the … assumption of perfect competition in the intraday market and assumes that the trading behavior of profit maximizing market …

fundamental modelling approach to determine hourly German day-ahead power market prices and production volumes. The methodology …, uncoupled time periods and only one market area. Between 2011 and 2015, German day-ahead prices declined by 38% and various …Increasing shares of fluctuating renewable energy, the integration of European electricity grids and markets as well as …

at developments following the introduction of market-based reserve management. We assess the dependence of the minute …This paper analyzes the functioning of the markets for electricity reserves in Germany. We provide an overview of the … technical requirements and the market design and structure of the primary, secondary and tertiary reserve markets, and then look …

The German market has seen a plunge in wholesale electricity prices from 2007 until 2014, when base futures prices … dropped by more than 40 percent. In this paper we determine the fundamental components of electricity futures prices and … parsimonious model is able to replicate electricity futures prices and discover non-linear dependencies in futures price formation …

German electricity sector, for the five years 2006 through 2010. Based on a unit commitment model we estimate that CO2 … emissions from the electricity sector are reduced by 33 to 57 Mtons, or 10% to 16% of what estimated emissions would have been … consistently positive for the German electricity system, at least for these years, and on the order of 0.5% to 1.5% of emissions. …

problem in the German electricity grid. But congestion management becomes a serious issue not only in the German but in the … whole European electricity system as German wind production does not only affect the German grid. In theory it is well … established that nodal pricing is the most efficient congestion management method. In literature the PJM well-established nodal …