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 …

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 …

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 …

portfolio structure in the market. We show that risk-averse electricity market agents who receive a managerial profit share may …. In this article, we analyze the impact of market imperfections induced by risk-aversion on the long-term investment … shift the technology structure in the market significantly away from the welfare optimum. A numerical example provides …