Significant discrepancies in electricity pricing are observed across countries, particularly between industrial and household rates. Although the literature studies the relationship between electricity prices and economic performance, little empirical evidence exists on how electricity price...

Price premia between day-ahead and intraday electricity markets are well documented and often attributed to factors such as forecast errors or market frictions. However, existing explanations provide limited insight into why these price premia can exhibit a systematic diurnal structure, as...

The European Union's goal of carbon neutrality by 2050 requires a major reduction in natural gas use for residential heating. However, gas grid equipment, amortized over 45 years in most countries, risks becoming stranded assets. The literature suggests that regulatory shocks could justify...

Electric mobility and renewable energy play key roles in the global energy transition. In this context, vehicle- to-grid technology, which enables bidirectional energy ´row between electric vehicles and the grid, could make electric vehicles usable as energy storage units, thus supporting grid...

The ongoing transition of our energy systems implies a rise of distributed generators, batteries, and new consumers, including electric vehicles and heat pumps. Previous studies have found that distributed flexibility may substantially benefit wholesale electricity markets, but have neglected...

The increasing share of intermittent renewable energy generation amplifies power price volatility, raising the need for storage technologies such as battery energy storage systems (BESS). However, limited transmission infrastructure, particularly constrained grid connections, poses a major...

With the growing adoption of electric vehicles, understanding user charging behavior is increasingly important for informing operational, investment, and policy decisions regarding their integration into the power system. While utility functions are commonly used to describe user preferences in...

This study examines the static market and welfare effects of splitting the German bidding zone, comparing a two-zone and a three-zone configuration for a 2030 scenario. Using a state-of-the-art grid and market model with explicit representation of frictions in flow-based market coupling and...

Within the transition to climate-neutral energy systems, hydrogen has the potential to support decarbonization of multiple sectors. Just like in electricity markets, volatility in hydrogen supply and process-specific demand may lead to volatile prices in a hydrogen market. This volatility may...

The expansion of heat pumps drives the electrification of the heating sector which is important to achieve Germany's ambitious climate targets. This paper examines the impact of heat pumps in combination with thermal storage on the flexibility of the German electricity system in 2030, focusing...