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 …

at developments following the introduction of market-based reserve management. We assess the dependence of the minute …This paper analyzes the functioning of the markets for electricity reserves in Germany. We provide an overview of the … technical requirements and the market design and structure of the primary, secondary and tertiary reserve markets, and then look …

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 …

Optimal capacity allocation for investments in electricity generation assets can be deterministically derived by … demonstrate an application of the proposed framework and results to the German electricity market which has not yet been treated … comparing technology specific long-term and short-term marginal costs. In an uncertain market environment, Mean …

In this article we discuss welfare-optimal capacity allocation of different electricity generation technologies …

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 …