Showing 1 - 10 of 29
This paper studies the impact of market specific news on the short-time forward premia on the Scandinavian electricity … market. I show that the short time premia between the day-ahead and intra-day electricity prices on the Scandinavian market …
Persistent link: https://www.econbiz.de/10010686948
Wind power generation of electricity has gained popular support because of its low environmental impact and because of … its low costs relative to other renewable energy sources. However, concerns have been raised in the power sector that wind … the associated costs can be substantial. We use a dataset containing all reported failures in the Scandinavian electricity …
Persistent link: https://www.econbiz.de/10011240433
The capacity of the transmission network determines the extent of integration of a multinational energy market. Cross …
Persistent link: https://www.econbiz.de/10008494014
No abstract.
Persistent link: https://www.econbiz.de/10010684403
Wholesale electricity markets use different market designs to handle congestion in the transmission network. We compare …
Persistent link: https://www.econbiz.de/10011271350
In most wholesale electricity markets generators must submit step-function offers of supply to a uniform price auction … as the number of steps increases, reconciling the apparently very disparate approaches to modelling electricity markets. …
Persistent link: https://www.econbiz.de/10005025457
bidding behaviour in pay-as-bid electricity auctions, such as the balancing mechanism of United Kingdom. Offer curves and mark …
Persistent link: https://www.econbiz.de/10005025460
High levels of wind power penetration will tend to affect prices in a deregulated electricity market. Much of the … analysis in the literature has focused on the effect that wind power has on average electricity prices, this paper attempts to … test the effect that wind power production has on the variability of wholesale electricity prices in the spot market. I use …
Persistent link: https://www.econbiz.de/10009386416
We demonstrate how suppliers can take strategic speculative positions in derivatives markets to soften competition in the spot market. In our game, suppliers first choose a portfolio of call options and then compete with supply functions. In equilibrium firms sell forward contracts and buy call...
Persistent link: https://www.econbiz.de/10010611576
electricity auctions. This paper presents an intuitive account of current understanding and shows how welfare losses depend on the … restrictions on the offer curves in wholesale electricity auctions. …
Persistent link: https://www.econbiz.de/10008491693