Smart contracts based on voluntary participation and optionality can be a low transaction cost solution to implement locational signals in distribution networks and thereby avoid network investment. This paper examines the efficiency properties of smart contracts. Based on a three-node example...

The commercial value added in electricity distribution networks and smart grids is increasing. Concerns about competition on a level-playing field are raised and the debate on vertical network unbundling is beginning to address the level of the distribution networks. With regard to the...

The commercial value added in electricity distribution networks and smart grids is increasing. Concerns about competition on a level-playing field are raised and the debate on vertical network unbundling is beginning to address the level of the distribution networks. With regard to the...

Smart contracts based on voluntary participation and optionality can be a low transaction cost solution to implement locational signals in distribution networks and thereby avoid network investment. This paper examines the efficiency properties of smart contracts. Based on a three-node example...

In response to the global climate challenge many countries are faced with increasing shares of energy from renewable sources in their power supply. The integration of RES (renewable energy sources) generation however entails technical as well as institutional challenges for power grids. This...

Diese Studie untersucht die internationalen Erfahrungen mit marktbasiertem Redispatch. Der Fokus liegt auf zwei Ausprägungen von strategischem Verhalten: der Ausübung von Marktmacht und dem so genannten Inc-dec gaming. Dabei kommt die Untersuchung zu zwei zentralen Aussagen. Erstens, in der...

Market design for electricity often ignores network congestion initially and addresses it in a second, so-called 'redispatch' stage. For market participants, any two-stage design offers an opportunity to strategically optimize between the different market stages. The current debate is how to...

In response to the global climate challenge many countries are faced with increasing shares of energy from renewable sources in their power supply. The integration of RES (renewable energy sources) generation however entails technical as well as institutional challenges for power grids. This...

Diese Studie untersucht die internationalen Erfahrungen mit marktbasiertem Redispatch. Der Fokus liegt auf zwei Ausprägungen von strategischem Verhalten: der Ausübung von Marktmacht und dem so genannten Inc-dec gaming. Dabei kommt die Untersuchung zu zwei zentralen Aussagen. Erstens, in der...

Market design for electricity often ignores network congestion initially and addresses it in a second, so-called 'redispatch' stage. For market participants, any two-stage design offers an opportunity to strategically optimize between the different market stages. The current debate is how to...