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This paper presents a theoretical and empirical analysis of liquidity in the German intraday market for electricity …. Two models that aim at explaining intraday liquidity are developed. The first model considers the fundamental merit …-order and intraday adjustment needs as the drivers of liquidity in a perfectly competitive market. The second model relaxes the …
Persistent link: https://www.econbiz.de/10010433597
This paper presents a theoretical and empirical analysis of liquidity in the German intraday market for electricity …. Two models that aim at explaining intraday liquidity are developed. The first model considers the fundamental merit …-order and intraday adjustment needs as the drivers of liquidity in a perfectly competitive market. The second model relaxes the …
Persistent link: https://www.econbiz.de/10013062320
Research on electricity futures markets has to date not explored the role that market liquidity may play in determining … risk premia. Further, no detailed empirical examination of both liquidity and risk premia in the New Zealand electricity … find that liquidity has been gradually increasing and that a policy intervention to impose a maximum bid-offer spread was …
Persistent link: https://www.econbiz.de/10012977446
, connection rates and electricity consumption remain low in grid connected areas, at least in the short and medium run. This paper … of grid electricity over time using a panel of 41 communities that were electrified up to ten years ago. We find that …, connection rates are much lower, at 51%. Furthermore, electricity consumption and appliance usage are low and did not grow over …
Persistent link: https://www.econbiz.de/10014582220
This paper is one of the limited studies to investigate rebound effects in sectoral electricity consumption and the … electricity consumption from 9.2 MWh per capita in 2010 to 8.6 MWh per capita in 2015. However, following a significant decline … since 2010, electricity consumption in the main New Zealand sectors is increasing. Energy conservation could play an …
Persistent link: https://www.econbiz.de/10012220234
How does electricity market integration affect cross-border electricity flows, wholesale prices and renewable … electricity generation? We employ a synthetic control method to contribute to literature on electricity market integration using … the 2018 integration of Ireland's Single Electricity Market with the European market as an empirical case study. Results …
Persistent link: https://www.econbiz.de/10015395766
, but economic logic offers strong clues. On windy days, Denmark tends to export electricity to its neighbours, and to … import power on calm days. Storing electricity in this way thus allows the country to deal with the intermittency of wind …
Persistent link: https://www.econbiz.de/10014179610
supply functions for hourly, day-ahead electricity wholesale markets. The analysis provides new insights on a well …,stationarity assumption for electricity prices raises subtle issues of specification and must be carefully evaluated. We present evidence for …
Persistent link: https://www.econbiz.de/10014215468
debate about market design in the electricity industry. We study the effect of asymmetric demand-information in the two … typical arguments made in favor of discriminatory pricing in electricity industries; namely, lower prices and less volatility …
Persistent link: https://www.econbiz.de/10014084593
In an electricity system, demand and supply have to be balanced in real time. Since most energy is traded before real …-dominated electricity system using Switzerland as a case study. By using a short-term hydropower operation model and a set of Swiss …
Persistent link: https://www.econbiz.de/10014104595