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 covers three spot market segments, namely the intraday...

The mechanism behind price formation in electricity futures markets is still under discussion. Theory suggests that hedging pressure caused by deviating risk preferences is the most promising approach. This paper contributes to this discussion through an empirical investigation of electricity...

The interdependence of electricity and natural gas is becoming a major energy policy and regulatory issue in all jurisdictions around the world. The increased role of gas fired plants in renewable-based electricity markets and the dependence on gas imports make this issue particular striking for...

An important question in the dynamic European wholesale markets for electricity is whether to define the geographical market at the level of an individual member state or more broadly. We show that if we currently take the traditional approach by considering for each member state whether there...

Aktuell wird ein neues Strommarktdesign, die ökonomische Ausgestaltung der Energiewende, parlamentarisch diskutiert. Vor dem Hintergrund dieser Veränderungen hinterfragt Maximilian Faltlhauser, Geschäftsführer der Faltlhauser Energie GmbH, München, die Lösungsansätze aus dem Weißbuch des...

Die voranschreitende Digitalisierung führt in vielen Sektoren zu einer verstärkten Einbindung von Haushalten und dadurch zu neuen dezentralen Softwareanwendungen. In der Energiewirtschaft, insbesondere im Stromsektor, verlangt zusätzlich der kontinuierliche Ausbau dezentraler...

Natural gas plays an important role in the future development of electricity markets, as it is the least emission-intensive fossil generation option and additionally provides the needed plant operating flexibility to deal with intermittent renewable generation. As both the electricity and the...

Electricity markets depend on upstream energy markets to supply the fuels needed for generation. Since these markets rely on networks, congestion in one can quickly produce changes in another. In this paper we develop a combined partial equilibrium market model which includes the interactions of...