This paper presents a theoretical and empirical analysis of liquidity in the German intraday market for electricity …

In principle, portfolio optimization in electricity markets can make use of the standard mean-variance model going back … to Markowitz. Yet a key restriction in most electricity markets is the limited liquidity. Therefore the standard model …

We present a stochastic modelling approach to describe the dynamics of hourly electricity prices. The suggested … electricity spot prices. The basic idea is to analyze day-ahead prices as panel of 24 cross-sectional hours and to identify … distribution forecast accuracy. The application for German electricity prices 2015 reveal that: (i) An autoregressive specification …

field for DG and conventional power generation. Due to the impact of DG on the electricity grid infrastructure, future … adequate consideration, the overall costs of the electricity generation system will be unnecessarily high. The present paper … or savings resulting from decentralized production. Thereby particular focus is laid on taking adequately into account …

Optimal capacity allocation for investments in electricity generation assets can be deterministically derived by … perspective. Because existing literature on MVP applications in electricity generation markets uses predominantly numerical … uncertain fuel prices. For this purpose, we provide a static optimization model which allows to fully capture fuel price risks …

In this article we discuss welfare-optimal capacity allocation of different electricity generation technologies … a deterministic marginal production cost curve ("merit order"), we investigate in particular the implications of … related to production of nonstorable goods under price uncertainty of input factors. Similar problems can e.g. be found in …

This paper investigates the incentives market participants have in the German electricity balancing mechanism … imbalances increase the need for reserve capacity, raise system security concerns, and thus burden significant cost on the … customers. More effective market designs include changes in the balancing mechanism, the reserve capacity and the intraday spot …

This paper presents a theoretical and empirical analysis of liquidity in the German intraday market for electricity …

We develop an analytical model to derive the competitive market equilibrium for electricity spot and reserve markets … under stochastic demand and uncertain renewable electricity generation. We then derive the welfare-optimal provision of … reserves. At rst-best, cost of reserve capacity is balanced against expected cost of outages. The rst-best market equilibrium …

market data. We derive supply curves for hydro reservoirs in Norway based on electricity price and hydro production time …Hydro electricity generation is of great importance for the current and the future electricity system since it provides … electricity without emitting CO2 and moreover hydro reservoirs offer high operational flexibility. With increasing shares of …