This paper presents a theoretical and empirical analysis of liquidity in the German intraday market for electricity …

Models -- Markets: Organisation, Trading and Efficiency -- Imperfect Competition and Market Power -- Electricity Markets in …Introduction -- Fundamentals of Energy and Power Systems -- Energy Demand -- Electricity Generation and Operational … Planning -- Electricity Transport and Storage -- Regulation: Grids and Environment -- Simple Electricity Market Equilibrium …

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 …

We present a stochastic modelling approach to describe the dynamics of hourly electricity prices. The suggested … electricity spot prices. The basic idea is to analyze day-ahead prices as panel of 24 cross-sectional hours and to identify … distribution forecast accuracy. The application for German electricity prices 2015 reveal that: (i) An autoregressive specification …

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European markets and the targeted climate goals, both European electricity …-called Flow-Based Market Coupling (FBMC) superseded the previous net-transfer-capacity-based approach in Central Western Europe in … 2015, aiming at a better representation of physics of the electricity grid as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

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

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 … or savings resulting from decentralized production. Thereby particular focus is laid on taking adequately into account …

Optimal capacity allocation for investments in electricity generation assets can be deterministically derived by … perspective. Because existing literature on MVP applications in electricity generation markets uses predominantly numerical … uncertain fuel prices. For this purpose, we provide a static optimization model which allows to fully capture fuel price risks …