Market design for electricity often ignores network congestion initially and addresses it in a second, so-called 'redispatch' stage. For market participants, any two-stage design offers an opportunity to strategically optimize between the different market stages. The current debate is how to...

Smart contracts based on voluntary participation and optionality can be a low transaction cost solution to implement locational signals in distribution networks and thereby avoid network investment. This paper examines the efficiency properties of smart contracts. Based on a three-node example...

The commercial value added in electricity distribution networks and smart grids is increasing. Concerns about competition on a level-playing field are raised and the debate on vertical network unbundling is beginning to address the level of the distribution networks. With regard to the...

In response to the global climate challenge many countries are faced with increasing shares of energy from renewable sources in their power supply. The integration of RES (renewable energy sources) generation however entails technical as well as institutional challenges for power grids. This...

Die Integration erneuerbarer Energien erfordert künftig vor allem im Stromsektor zusätzliche Flexibilität. Die vorliegende Studie ergänzt die existierende Literatur um einen systematischen Vergleich verschiedener Speicherstrategien.Die Entwicklung der innovativen Speichertechnologien hängt...

Diese Studie untersucht die internationalen Erfahrungen mit marktbasiertem Redispatch. Der Fokus liegt auf zwei Ausprägungen von strategischem Verhalten: der Ausübung von Marktmacht und dem so genannten Inc-dec gaming. Dabei kommt die Untersuchung zu zwei zentralen Aussagen. Erstens, in der...

Self-supply can destabilize the finance of a distribution network. This paper analyses under which circumstances the tariff structure of a distribution network is stable or unstable under pressure of self-supply and provides recommendation how to change the tariff structure to restore stability...

This issue of Oxford Energy Forum (OEF) is dedicated to electricity networks. Over the last decade, decarbonization, decentralization and digitalization (3D) have transformed the electricity system. Within this changing environment electricity networks are required to remain stable and secure...

Heterogeneous interconnections, which link regulated electricity markets to liberalised ones, are becoming increasingly important. Several such interconnections are set to be established in the near future especially between European and North African countries (e.g., Tunisia-Italy,...

As infrastructures that connect the energy source with the energy use, energy networks constitute a crucial element of national and global energy systems. They also play a key role in helping with balancing supply and demand, thus ensuring that energy is not only available in the right places...