Intraday markets are crucial to balance supply and demand in the very short term, up to delivery. It offers also opportunities for speculative trading. This paper analyzes a strategy of taking positions in the German intraday market based on expected imbalance prices. Using a logistic regression...

Transmission System operators actively balance the electricity system by sending a dispatch signal to suppliers of balancing reserve. When market participants take an intentional imbalance position that is opposed to the system imbalance, they can also reduce the required dispatch of balancing...

Previous studies have noted that, surprisingly, Germany’s dramatic expansion of wind and solar energy coincided with a reduction of short-term balancing reserves. This paper provides further and updated evidence, supporting this “German Balancing Paradox”: since 2011 wind and solar energy...