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 …

European electricity market participants are encouraged to balance intraday deviations from their day-ahead schedules … via trades in the intraday market. Together with the increasing produc-tion of variable renewable energy sources, the … intraday market is gaining importance. We inves-tigate the explanatory power of a fundamental modeling approach explicitly …

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 …

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. …