New results are presented relating to the integration of the French, German, British, Dutch and Spanish power markets at day-ahead, week-ahead, one month-ahead and two month-ahead lead times. Overall, there is evidence of market integration, increasing over time, despite an underlying...

We analyse the operational effects of market participants responding to price incentives for spillage and shortage positions in a single price, electricity balancing market. We consider optimal real-time decisions by generators and speculators based upon forecasts of the conditional distribution...