“…While both the power-grid frequency dynamics and the stochastic nature of the power-grid frequency have been intensely studied, we require a better understanding of the interaction of frequency dynamics with both stochastic fluctuations and market behaviour. The dynamics of the power-grid variables, including frequency, voltage, reactive power, etc., may be modelled with arbitrary complexity based on various models [7,10,[15][16][17][18]. Simultaneously, stochastic modelling of fluctuations within the power grid [17,19] still often uses Gaussian noise models [13,20,21], while non-Gaussian statistics [8,22] as well as deterministic events caused by trading [23] are rarely included.…”