The design of wholesale electricity markets in the transition towards liberalization presents significant differences … from country to country. Some spot markets have imposed the concentration of transactions to ensure market liquidity. Other … the trade off between the liquidity of the market and the stability of the system. The solution chosen by some market is a …

, but economic logic offers strong clues. On windy days, Denmark tends to export electricity to its neighbours, and to … import power on calm days. Storing electricity in this way thus allows the country to deal with the intermittency of wind …

supply functions for hourly, day-ahead electricity wholesale markets. The analysis provides new insights on a well …,stationarity assumption for electricity prices raises subtle issues of specification and must be carefully evaluated. We present evidence for …

debate about market design in the electricity industry. We study the effect of asymmetric demand-information in the two … typical arguments made in favor of discriminatory pricing in electricity industries; namely, lower prices and less volatility …

In an electricity system, demand and supply have to be balanced in real time. Since most energy is traded before real …-dominated electricity system using Switzerland as a case study. By using a short-term hydropower operation model and a set of Swiss …

-run price elasticities of state-level electricity demand in the United States. Our sample covers the period 2003-2015. We …-level electricity demand is very price inelastic in the short run, with a same-year elasticity of -0.1. The long-run elasticity is near … demand. This appears to in part be due to electricity-intensive industrial activities clustering in low-price states …

Illustrated on the case of Nordic electricity market we conduct an econometric analysis of area price spreads …

entire technologies. Moreover, current levelized costs of electricity methodologies focus only on the producer's costs, while … results are to be used for planning. Although this type of electricity production cost assessments can be useful, the habit of … generalizing electricity production cost figures for entire technologies is problematic. Cost escalations tend to occur rapidly …

imperfectly competitive wholesale electricity market. Theoretical predictions of the model are tested on data from the Nordic …