no means a relevant driver of electricity prices. Rather, French nuclear power plants' erratic downtimes as well as war …-related increases in gas prices drove up electricity prices. The construction of new nuclear power plants, which has been discussed by …The German electricity market has recovered well from the 2022 energy crisis. Policymakers should now redirect the …

This paper presents a theoretical and empirical analysis of liquidity in the German intraday market for electricity …

Models -- Markets: Organisation, Trading and Efficiency -- Imperfect Competition and Market Power -- Electricity Markets in …Introduction -- Fundamentals of Energy and Power Systems -- Energy Demand -- Electricity Generation and Operational … Planning -- Electricity Transport and Storage -- Regulation: Grids and Environment -- Simple Electricity Market Equilibrium …

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 …

market into multiple bidding zones with deviating electricity prices. Expectations for such a design include incentives for …Requirements for the electricity network in Germany increased in recent years due to the energy transition. The … sources, as well as liquid electricity markets. The result would be a more efficient and economic coordination of electricity …

We present a stochastic modelling approach to describe the dynamics of hourly electricity prices. The suggested … electricity spot prices. The basic idea is to analyze day-ahead prices as panel of 24 cross-sectional hours and to identify … distribution forecast accuracy. The application for German electricity prices 2015 reveal that: (i) An autoregressive specification …

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European markets and the targeted climate goals, both European electricity …-called Flow-Based Market Coupling (FBMC) superseded the previous net-transfer-capacity-based approach in Central Western Europe in … 2015, aiming at a better representation of physics of the electricity grid as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

We develop a game-theoretic electricity market model that allows analyzing strategic electricity storage in an … storage operation. We find that introducing storage generally smoothes conventional generation patterns and market prices and … increases consumer rent and overall welfare. In contrast, electricity producers generally suffer from storage. We also find that …