Analyzing price data from sequential German electricity markets, namely the day-ahead and intraday auction, a puzzling … underlying demand profile. As there is evidence that widespread models for electricity forward premiums are not applicable to the …

therefore analyze the drivers of restricted participation in the German intraday auctin which is a short-term electricity market … with quarter-hourly products. Applying a fundamental electricity market model with 15-minute temporal resolution, we …

One of the major changes in european electricity markets is - besides the increasing share of renewable infeed - the … available interconnector capacity are not always auctioned independently from electricity. Instead, interconnector capacity is … implicitely auctioned in the Day-Ahead auction of electricity such that price differences between market areas are minimized …

We consider an electricity market organized with two settlements: one for a pre-delivery (day-ahead) market and one for … design of the electricity market influence the efficiency of the dispatch, measured by expected total cost or social welfare …

System security in electricity markets relies crucially on the interaction between demand and supply over time. However …, research on electricity markets has been mainly focusing on the supply side arguing that demand is rather inelastic. Assuming … perfectly inelastic demand might lead to delusive statements regarding the price formation in electricity markets. In this …

strategy could significantly reduce the cost of increasing the share of greenhouse gas free wind and solar electricity … production in an electricity supply industry. …

Electricity system operations are often affected by energy policies, but spatial differences in policy impacts are … difficult to model. We develop a method for estimating zonal supply curves in transmission-constrained electricity markets that … supply curves, each segment of which represents the influence of a particular fuel type on the zonal electricity price. Our …

production capacity. In a zonal pricing electricity market, the one proposed by the European Commission to integrate the European … electricity markets, I analyze the effects that investments in transmission and production capacity have on consumer welfare and …

The European electricity market design is based on zonal markets with uniform prices. Locational price signals within … distortions of the electricity market, both in the short- and in the long-term.In this paper, we study these distortions with a … and investment model of the European electricity system and gradually restrict the allowed expansion of the transmission …

In the discussion on the relationship between spot and forward prices in electricity markets, the equilibrium approach … premium, on several European energy exchanges trading electricity futures. The concept of risk premium, as it is worked out by … electricity markets have been found in Central Europe and Scandinavia, while in Iberian the results are still negative. …