The benefits of smoothing demand peaks in the electricity market has been widely recognised. European countries such … Spain and some of the Scandinavian countries have recently given to the consumers the possibility to face the spot prices … choose between fixed tariffs and the wholesale prices. The model is calibrated on a real market case - Spain - where since …

This paper contributes to the ongoing discussion on price formation in electricity markets. For this, we conduct an … analysis of the German electricity wholesale spot market which is located at the European Energy Exchange (EEX). Our dataset …