Restricted participation in sequential markets may cause high price volatility and welfare losses. In this paper we … therefore analyze the drivers of restricted participation in the German intraday auctin which is a short-term electricity market … with quarter-hourly products. Applying a fundamental electricity market model with 15-minute temporal resolution, we …

Analyzing price data from sequential German electricity markets, namely the day-ahead and intraday auction, a puzzling … underlying demand profile. As there is evidence that widespread models for electricity forward premiums are not applicable to the …. These price premiums may be bidirectional and reflect a value for additional short-term power supply system flexibility. …