-called Flow-Based Market Coupling (FBMC) superseded the previous net-transfer-capacity-based approach in Central Western Europe in … 2015, aiming at a better representation of physics of the electricity grid as well as increased transparency of market …Due to the call for further integration of European markets and the targeted climate goals, both European electricity …

In principle, portfolio optimization in electricity markets can make use of the standard mean-variance model going back … to Markowitz. Yet a key restriction in most electricity markets is the limited liquidity. Therefore the standard model …

This paper presents a theoretical and empirical analysis of liquidity in the German intraday market for electricity …-order and intraday adjustment needs as the drivers of liquidity in a perfectly competitive market. The second model relaxes the … assumption of perfect competition in the intraday market and assumes that the trading behavior of profit maximizing market …

energy subsidy and increase the share of renewable energy sources used to generate electricity. In this paper we assess the … current conditions under which the Mexican residential electricity sector operates, and quantify the potential effects that …

We develop an analytical model to derive the competitive market equilibrium for electricity spot and reserve markets … reserves. At rst-best, cost of reserve capacity is balanced against expected cost of outages. The rst-best market equilibrium … under stochastic demand and uncertain renewable electricity generation. We then derive the welfare-optimal provision of …

field for DG and conventional power generation. Due to the impact of DG on the electricity grid infrastructure, future … adequate consideration, the overall costs of the electricity generation system will be unnecessarily high. The present paper …

Optimal capacity allocation for investments in electricity generation assets can be deterministically derived by … demonstrate an application of the proposed framework and results to the German electricity market which has not yet been treated … comparing technology specific long-term and short-term marginal costs. In an uncertain market environment, Mean …

We analyze the current regulatory regime for electricity transmission in Germany, which combines network planning with … compared so as to illustrate the amount of excessive transmission capacity investment and welfare losses associated with the …