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Long-term contracts for network-supportive flexibility in local flexibility markets
Heilmann, Erik; Klempp, Nikolai; Hufendiek, Kai; … - 2022
With an ongoing energy transition, the electric network is increasingly challenged. Handling congestion is a major responsibility of network operators. In recent years, market-based approaches to utilize network-supportive exibility, especially local exibility markets (LFMs), have been discussed...
Persistent link: https://www.econbiz.de/10013252914
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Congestion management in power systems: Long-term modeling framework and large-scale application
Bertsch, Joachim; Hagspiel, Simeon; Just, Lisa - 2015
In liberalized power systems, generation and transmission services are unbundled, but remain tightly interlinked. Congestion management in the transmission network is of crucial importance for the efficiency of these inter-linkages. Different regulatory designs have been suggested, analyzed and...
Persistent link: https://www.econbiz.de/10011348176
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Congestion management in power systems : long-term modeling framework and large-scale application
Bertsch, Joachim; Hagspiel, Simeon; Just, Lisa - 2015
In liberalized power systems, generation and transmission services are unbundled, but remain tightly interlinked. Congestion management in the transmission network is of crucial importance for the efficiency of these inter-linkages. Different regulatory designs have been suggested, analyzed and...
Persistent link: https://www.econbiz.de/10011294626
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Auction design for a strategic reserve market for generation adequacy : on the incentives under different auction scoring rules
Brunekreeft, Gert; Meyer, Roland; Rammerstorfer, Margarethe - 2013
How should we select winning bids of generation units for strategic reserves that consist of capacity bids and energy bids? In this paper, we analyze two selecting mechanisms (scoring rules): "simultaneous" and "sequential". In case of a simultaneous scoring rule, capacity and energy bids are...
Persistent link: https://www.econbiz.de/10010423667
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An auction story : how simple bids struggle with uncertainty
Richstein, Jörn C.; Lorenz, Casimir; Neuhoff, Karsten - 2018
Short-term electricity markets are key to an efficient production by generation units. We develop a two-period model to assess different bidding formats to determine for each bidding format the optimal bidding strategy of competitive generators facing price-uncertainty. We compare the results...
Persistent link: https://www.econbiz.de/10011916928
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Efficient pricing of electricity revisited
Mier, Mathias - 2020
Increasing shares of intermittent renewable energies challenge the dominant way to trade electricity ex-ante in forward, day-ahead, and intraday markets: Coal power plants and consumers cannot react to the stochastic element of renewables, whereas gas turbines can. We use a theoretical model to...
Persistent link: https://www.econbiz.de/10012319319
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An integrated approach to model redispatch and to assess potential benefits from market splitting in Germany
Trepper, Katrin; Bucksteeg, Michael; Weber, Christoph - 2014
network congestion increases particularly in Germany. Against this background, we develop an integrated approach to model (re …)dispatch for Germany in detail while considering interactions with neighbouring countries. Compared to 2011, our findings indicate … a much more critical network situation in Germany for 2015. We identify increased RES production, resulting imports and …
Persistent link: https://www.econbiz.de/10010420969
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An integrated approach to model redispatch and to assess potential benefits from market splitting in Germany
Trepper, Katrin; Bucksteeg, Michael; Weber, Christoph - Fachbereich Wirtschaftswissenschaften, Universität … - 2013
network congestion increases particularly in Germany. Against this background, we develop an integrated approach to model (re …)dispatch for Germany in detail while considering interactions with neighbouring countries. Compared to 2011, our findings indicate … a much more critical network situation in Germany for 2015. We identify increased RES production, resulting imports and …
Persistent link: https://www.econbiz.de/10011156753
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The relevance of grid expansion under zonal markets
Bertsch, Joachim; Brown, Tom; Hagspiel, Simeon; Just, Lisa - 2015
The European electricity market design is based on zonal markets with uniform prices. Locational price signals within these zones - necessary to ensure long-term efficiency - are not provided. Specifically, if intra-zonal congestion occurs due to missing grid expansion, the market design is...
Persistent link: https://www.econbiz.de/10011521427
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The relevance of grid expansion under zonal markets
Bertsch, Joachim; Brown, Tom; Hagspiel, Simeon; Just, Lisa - 2015
The European electricity market design is based on zonal markets with uniform prices. Locational price signals within these zones - necessary to ensure long-term efficiency - are not provided. Specifically, if intra-zonal congestion occurs due to missing grid expansion, the market design is...
Persistent link: https://www.econbiz.de/10011442918