Intraday markets for power : discretizing the continuous trading?

Karsten Neuhoff, Nolan Ritter, Aymen Salah-Abou-El-Enien and Philippe Vassilopoulos

A fundamental question regarding the design of electricity markets is whether adding auctions to the continuous intraday trading is improving the performance of the market. To approach this question, we assess the experience with the implementation of the 3 pm local auction for quarters in Germany at the European Power Exchange (EPEX SPOT) in December 2014 to assess the impact on trading volumes/liquidity, prices, as well as market depth. We discuss further opportunities and challenges that are linked with a potential implementation of an intraday auction.

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Year of publication:	2016
Authors:	Neuhoff, Karsten ; Ritter, Nolan ; Abou el-Enien, Aymen Salah ; Vassilopoulos, Philippe
Publisher:	Berlin : Deutsches Institut für Wirtschaftsforschung
Subject:	auctions \| electricity \| empirical analysis \| market design \| Elektrizitätswirtschaft \| Electric power industry \| Auktionstheorie \| Auction theory \| Auktion \| Auction

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Extent:	1 Online-Ressource (20 Seiten) Illustrationen
Series:	Discussion papers / Deutsches Institut für Wirtschaftsforschung. - Berlin : [Verlag nicht ermittelbar], ISSN 1619-4535, ZDB-ID 2125067-4. - Vol. 1544
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Other identifiers:	hdl:10419/127445 [Handle]
Classification:	C5 - Econometric Modeling ; c57 ; C93 - Field Experiments ; D44 - Auctions ; d47 ; L50 - Regulation and Industrial Policy. General
Source:	ECONIS - Online Catalogue of the ZBW

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