Germany's energy transition is associated with increasing congestion in the electricity transmission grids due to increasing infeed from renewable energy sources, especially from wind turbine installation at the periphery in coastal areas. Here, regional differences in generation and demand lead...

The penetration of distributed generation, energy storages and smart loads has resulted in the emergence of prosumers: entities capable of adjusting their electricity production and consumption in order to meet environmental goals and to participate profitably in the available electricity...

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 this paper, we study the relationship between reconciliations in the Colombian electricity market and the bid prices by firms on the spot market. In this work,we propose a model of behavior of the firm to elaborate theoretical predictions about the relationship between the reconciliations and...

We analyze the behavior of electricity generation groups that make investment and production decisions in a liberalized market scenario by introducing long-term contracts, in a context where there is a high level of market concentration. In this way, a dynamic deterministic model of imperfect...

Im Zuge der von der Bundesregierung eingeleiteten Energiewende wird zunehmend die Frage diskutiert, wie bei einem forcierten Ausbau der erneuerbaren Energien und der dadurch zunehmenden Fluktuation der Stromerzeugung die Versorgungssicherheit gewährleistet werden kann. Zur Diskussion steht die...

This study investigates the price formation of electricity futures at the European Energy Exchange (EEX) and aims at understanding the price formation in connection with interrelated futures markets such as ARA coal at the Intercontinental Exchange (ICE), natural gas at the Title Transfer...

A shift from zonal pricing to smaller zones and nodal pricing improves efficiency and security of system operation. Resulting price changes do however also shift profits and surplus between and across generation and load. As individual actorscan lose, they might oppose any reform. We explore how...

Thermoelectric power plants depend on cooling water drawn from water bodies. Low river run-off and/or high water temperatures limit a plant's production capacity. This problem may intensify with climate change. To what extent do such capacity reductions affect electricity spot markets? Who bears...