-called Flow-Based Market Coupling (FBMC) superseded the previous net-transfer-capacity-based approach in Central Western Europe in … 2015, aiming at a better representation of physics of the electricity grid as well as increased transparency of market …Due to the call for further integration of European markets and the targeted climate goals, both European electricity …

We present a bottom-up electricity market model for Switzerland called Swissmod. It includes a detailed electricity … interdependence of hydraulically coupled hydropower plants into account. In addition, the Swiss electricity network is represented … using the DC load ow approach, allowing for spatial market evaluations. The model is developed as a deterministic …

This paper provides a description of ELMOD, a model of the European electricity market including both generation and … Public Sector Management (EE2) at Dresden University of Technology in order to analyze various questions on market design …, congestion management, and investment decisions, with a focus on Germany and Continental Europe. ELMOD is a bottom-up model …

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 …

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 …

costs of hydropower for providing balancing capacity. Our results show that Swiss balancing market prices are influenced by … generation technologies and market design. In this paper, we have a look at the balancing market prices of a hydro … hydropower plants, we are able to identify a competitive benchmark for Swiss balancing market prices defined by the opportunity …

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