A fundamental question regarding the design of electricity markets is whether adding auctions to the continuous … implementation of the 3 pm local auction for quarters in Germany at the European Power Exchange (EPEX SPOT) in December 2014 to … challenges that are linked with a potential implementation of an intraday auction. …

-price auction. It does so by starting with the framework of von der Fehr and Harbord (1992, 1993), who solved for an electricity … discourages “cheating.” This paper models the restructured electricity spot market as an infinitely repeated, uniform last …

-price auctions. But an unresolved problem is what happens when a discriminative auction is run and suppliers have capacity … demand and with single step marginal cost function to compare two auction institutions in the presence of capacity … constraints. We show that payments made to the suppliers in the unique equilibrium of the discriminatory auction can be less than …

debate about market design in the electricity industry. We study the effect of asymmetric demand-information in the two … auction institutions. In our treatment condition some sellers have less information than in our baseline conditions. In both … conditions transaction prices and price volatility are not significantly different under the two auction institutions. However …

We analyse how the market design influences the bidding behavior in multi-unit auctions, such as wholesale electricity …

uncertain costs and are uncertain about the availability of production units, as in wholesale electricity markets. We find that …

describes the data. Second, we test the auction design of the electricity markets experimentally. The current auction design is …This paper examines the recently deregulated Irish electricity market. We ask: given this newly imposed institutional … structure, does the availability of true marginal prices for electricity products affect the price/quantity bids submitted by …

electricity demand, to meet supply adequacy problems. In this paper, we analyze what it requires to have a competitive auction … number of bidders are not enough warranty for fierce competition. Electricity forward-contract auctions may be uncompetitive …, even if they have lots of bidders but with low power-generating capacity for contracting. For practical auction design, we …

and empirically study actual price bids submitted by Spanish solar power producers in the Iberian electricity day …