This paper presents a theoretical and empirical analysis of liquidity in the German intraday market for electricity …. Two models that aim at explaining intraday liquidity are developed. The first model considers the fundamental merit …-order and intraday adjustment needs as the drivers of liquidity in a perfectly competitive market. The second model relaxes the …

This paper presents a theoretical and empirical analysis of liquidity in the German intraday market for electricity …. Two models that aim at explaining intraday liquidity are developed. The first model considers the fundamental merit …-order and intraday adjustment needs as the drivers of liquidity in a perfectly competitive market. The second model relaxes the …

explicitly account for nonlinearities and the low liquidity-framework of the considered gas hubs. The empirical results reveal …

This article investigates mean risk hedging with respect to limited liquidity and studies the impact of different risk … measures on the hedging strategies. For motivation and application purposes hedging in electricity markets is chosen, because … the relevant hedging markets are characterized by limited liquidity. We enhance the approach in Woll and Weber (2015) to a …

to Markowitz. Yet a key restriction in most electricity markets is the limited liquidity. Therefore the standard model …In principle, portfolio optimization in electricity markets can make use of the standard mean-variance model going back … has to be adapted to cope with limited liquidity. An application of this model shows that the optimal hedging strategy for …

This article investigates mean risk hedging with respect to limited liquidity and studies the impact of different risk … measures on the hedging strategies. For motivation and application purposes hedging in electricity markets is chosen, because … the relevant hedging markets are characterized by limited liquidity. We enhance the approach in Woll and Weber (2015) to a …