In this paper, we develop the game-theoretic electricity market model ElStorM that includes the possibility of … strategic electricity storage. We apply the model to the German electricity market and analyze different realistic and …, depending on policy objectives. We also find that the introduction of electricity storage generally increases overall welfare …

The European electricity market design is based on zonal markets with uniform prices. Locational price signals within … distortions of the electricity market, both in the short- and in the long-term.In this paper, we study these distortions with a … and investment model of the European electricity system and gradually restrict the allowed expansion of the transmission …

We measure the degree of market power execution and inefficiencies in Alberta's restructured electricity market. Using …

Australian electricity markets. Examining ex-post risk premiums in futures markets, we find positive and significant risk … premiums for several of the considered regions. Therefore, electricity futures prices cannot be considered as an unbiased … electricity market. We also relate realized premiums to variables such as spot price levels, volatility, skewness and kurtosis …

We analyse the drivers of European Power Exchange (EPEX) retail electricity prices between 2012 and early 2022 using … effects are key in retail electricity markets. Out-of-sample prediction errors using machine learning are (slightly) lower … green the energy matrix on retail electricity prices are first order. CO2 permit prices strongly impact electricity prices …

In modern organized wholesale electricity markets, power is sold competitively in a two-settlement auction comprised of … electricity prices in which firms compete to meet demand from consumers, first in quantities, then in prices. I show that the …