The EU internal electricity market: Done forever?

Glachant, Jean–Michel; Ruester, Sophia

doi:10.1016/j.jup.2014.03.006

Cited by 73 publications

(15 citation statements)

References 26 publications

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“…The integration of the European electricity markets is a major challenge, which is attracting interest from many researchers to quantify its consequences. Glachant and Ruester [13] point out that the long-term process of the development of the internal market is subject to several adverse dynamics. Oggioni and Smeers [14] examined the market failures of market coupling in Europe, concluding that it is less efficient than the nodal pricing system.…”

Section: Introductionmentioning

confidence: 99%

Policy Implications of Power Exchanges on Operational Scheduling: Evaluating EUPHEMIA’s Market Products in Case of Greece

Koltsaklis

Dagoumas

2018

Energies

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A vital component for the development of a functioning internal electricity market is the adoption by each European member state of the Pan-European Hybrid Electricity Market Integration (EUPHEMIA) for the day-ahead market solution. The consideration of the national power market’s characteristics enables more realistic market design towards the implementation of the so-called “Target Model”. This work considers a series of factors, including the EUPHEMIA order types, their use by market participants, the relative competitiveness of power generators, the impact of interconnected markets, the existence of market players with dominant positions, and the existence of specific regulations such as the minimum average variable cost restriction on offers by producers, as well as the strategy adopted by market participants. The main goal of this paper is to provide a comprehensive analysis on the adoption of EUPHEMIA’s algorithm in case of the Greek wholesale market, based on a relevant research project funded by the Joint Research Centre of the European Commission to support the Hellenic Regulatory Authority of Energy on its decision-making. The paper contributes to the relevant literature on the quantification of the impacts of the EUPHEMIA algorithm in the case of the Greek wholesale market, providing insights on the crucial aspects affecting realistic, market-based decision-making.

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Section: Introductionmentioning

confidence: 99%

Policy Implications of Power Exchanges on Operational Scheduling: Evaluating EUPHEMIA’s Market Products in Case of Greece

Koltsaklis

Dagoumas

2018

Energies

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“…In addition, it is based on a within-sector approach regarding planning and priority setting (Ruester et al 2014). Hence, this current policy does not necessarily support an optimal, cost-efficient portfolio of low-carbon technologies, i.e.…”

Section: Limitations Of Existing Policies Addressing Innovation Extermentioning

confidence: 99%

“…CEER (2012) discusses implications of these non-harmonized unilateral policy instruments. In a similar vein, Glachant and Ruester (2014) see the risk of a definitive fragmentation of the European electricity market due to uncoordinated national policy initiatives.…”

Section: Rationales For a European Energy Technology Policymentioning

confidence: 99%

European Energy and Climate Security

Bardazzi¹,

Pazienza²,

Tonini³

2016

Lecture Notes in Energy

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study of energy: from science and engineering to the analysis of energy policy. The series' scope includes but is not limited to, renewable and green energy, nuclear, fossil fuels and carbon capture, energy systems, energy storage and harvesting, batteries and fuel cells, power systems, energy efficiency, energy in buildings, energy policy, as well as energy-related topics in economics, management and transportation. Books published in LNE are original and timely and bridge between advanced textbooks and the forefront of research. Readers of LNE include postgraduate students and non-specialist researchers wishing to gain an accessible introduction to a field of research as well as professionals and researchers with a need for an up-to-date reference book on a well-defined topic. The series publishes single and multi-authored volumes as well as advanced textbooks.More information about this series at

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“…Also following the liberalisation of the Nordic power market in the 1990s (Glachant and Ruester 2014), many of the tasks related to coordinating the supply and demand have been given to the market through the creation of the Nord Pool 1 , a Nordic market for electric power exchange. In this Figure 1: A two hours ahead imbalance prediction with prediction intervals.…”

Section: Introductionmentioning

confidence: 99%

Forecasting Intra-Hour Imbalances in Electric Power Systems

Kathuria

Ramampiaro

et al. 2019

AAAI

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Keeping the electricity production in balance with the actual demand is becoming a difficult and expensive task in spite of an involvement of experienced human operators. This is due to the increasing complexity of the electric power grid system with the intermittent renewable production as one of the contributors. A beforehand information about an occurring imbalance can help the transmission system operator to adjust the production plans, and thus ensure a high security of supply by reducing the use of costly balancing reserves, and consequently reduce undesirable fluctuations of the 50 Hz power system frequency. In this paper, we introduce the relatively new problem of an intra-hour imbalance forecasting for the transmission system operator (TSO). We focus on the use case of the Norwegian TSO, Statnett. We present a complementary imbalance forecasting tool that is able to support the TSO in determining the trend of future imbalances, and show the potential to proactively alleviate imbalances with a higher accuracy compared to the contemporary solution.

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The EU internal electricity market: Done forever?

Cited by 73 publications

References 26 publications

Policy Implications of Power Exchanges on Operational Scheduling: Evaluating EUPHEMIA’s Market Products in Case of Greece

Policy Implications of Power Exchanges on Operational Scheduling: Evaluating EUPHEMIA’s Market Products in Case of Greece

European Energy and Climate Security

Forecasting Intra-Hour Imbalances in Electric Power Systems

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