Trading behaviour on the continuous intraday market Elbas

Scharff, Richard; Amelin, Mikael

doi:10.1016/j.enpol.2015.10.045

Cited by 64 publications

(36 citation statements)

References 15 publications

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“…Namely, the introduction of a market premium support scheme scheduled for 2018 implies that RES will have the responsibility for balancing in the future. In [37], the authors conducted an analysis of trading activity and price development at ELBAS (Nord Pool's IM), and concluded that intraday trading at ELBAS can be beneficial for market participants to reduce their imbalance costs. Table 7 shows a comparison between products that are currently available at CROPEX IM, BSP SouthPool, HUPX and ELBAS.…”

Section: Cropex-intraday Marketmentioning

confidence: 99%

Electricity Market Design in Croatia within the European Electricity Market—Recommendations for Further Development

et al. 2018

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Abstract:One of the most important objectives of the European Union is the creation of an Internal Electricity Market (IEM) in Europe. Various national electricity market designs represent one of the major obstacles to the creation of IEM and it is necessary to coordinate national market designs among Member States in order to achieve that. Therefore, this paper gives a comprehensive overview of the electricity market design according to laws related to the electricity sector that are in force in Croatia. Additionally, the paper identifies key obstacles that hamper the development of a well-functioning electricity market in Croatia towards its further integration into the IEM. Since Croatian Power Exchange (CROPEX) is not coupled with any other power exchange, special attention was given to necessary prerequisites for market coupling with the Slovenian Power Exchange (BSP SouthPool) and with the Hungarian Power Exchange (HUPX).

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Section: Cropex-intraday Marketmentioning

confidence: 99%

Electricity Market Design in Croatia within the European Electricity Market—Recommendations for Further Development

et al. 2018

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“…[6] analyses DA and ID market liquidity in France, Germany, Scandinavia, Spain, and the United Kingdom (UK), while discussing a selection of design attributes. In [33], ID trading activity and prices are analyzed for a variety of market zones in Northern Europe, while also discussing the impact of imbalance settlement rules in the Nordic countries on ID trading. Ref.…”

Section: Context: the Theory Of Short-term Energy Pricing And Rewardimentioning

confidence: 99%

“…[6], [27], [30], [33], [36], [37], [38], [27], [28], [29], [30], [31], [34], [36], [40], [42]. [37], [38], [40], [41], [42].…”

Section: Day-ahead (Da)unclassified

Interactions between the design of short-term electricity markets in the CWE region and power system flexibility

et al. 2017

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Short-term electricity markets are generally defined as markets that take place from the day-ahead stage until physical generation and consumption. These markets include dayahead, intra-day, and real-time balancing markets. In Europe, the first two are managed by power exchanges, while the third consists of reserve procurement and imbalance settlement and is operated by the local transmission system operator. Short-term markets are important tools to deal with net demand variability in the system, in which the need for flexibility is expressed and its provision is valorized. Due to the ongoing integration of variable renewables in the generation mix, the system's variability is increasing as a result of the limited controllability and predictability of those resources. As such, these markets become increasingly important. The contribution of this article is a comprehensive upto-date discussion of the key design parameters and functioning of all three short-term markets, and their impact on the demand for and supply of flexibility. An understanding of the design and its implications is useful to policy-makers who are considering changes to facilitate the integration, availability, or valorization of flexibility, while also contributing to the decision-making of flexibility investors and operators. The geographical scope is the Central Western European region, including the Belgian, French, German, and Dutch market zones.

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“…This suggests that flexible demand may be more effective when integrated on a shorter notice period, i.e. forecast horizon Furthermore, the authors of [11] found that 50% of the intra-day volume in Elbas is traded in the last 3:19 h before the delivery hour. This implies that in practise most imbalance in the intra-day market Elbas is settled in time frame a of 2:19 h to 1:00 h before the delivery hour.…”

Section: B Structure Of the Price Elasticity Matrixmentioning

confidence: 99%

“…The day-ahead market closes at 12:00. The intraday market is a continuous market and starts at 14:00 for the following day and ends 1 hour before the delivery hour, when the balancing market starts [11]. Statistically, the forecasts become better the closer they approach real operation.…”

Section: Introductionmentioning

confidence: 99%

Enhancing market access of demand response through generation forecast updates

Herre

Söder

2017

2017 IEEE Manchester PowerTech

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Enhancing market access of demand response through generation forecast updates.In: IEEE N.B. When citing this work, cite the original published paper. Abstract-Advances in communication infrastructure and electric appliances have enabled demand side participation in power system operation. However, the full potential of demand flexibility is yet to be exploited. Existing demand response programs require flexibility in a set time frame from the electricity consumers in reaction to economic incentives. For a more detailed qualitative analysis of consumer flexibility, not only price but also notice time are imperative parameters. The former has been studied in numerous references whereas the impact of the latter has not yet been examined in depth. This paper presents a market model of demand response that enhances an efficient use of flexible consumers by hourly updates. The consequences of flexible electricity consumers are studied in a Real Time Pricing model with continuous forecast updates, where elasticity is subject to notice time. A case study is presented using data from Sweden. We conclude that current demand response programs are not optimally designed to integrate consumer flexibility that changes with the notice time. ©2017 IEEEIndex Terms-demand side management, power system simulation, power system economics, smart grids, wind energy integration.

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Trading behaviour on the continuous intraday market Elbas

Cited by 64 publications

References 15 publications

Electricity Market Design in Croatia within the European Electricity Market—Recommendations for Further Development

Electricity Market Design in Croatia within the European Electricity Market—Recommendations for Further Development

Interactions between the design of short-term electricity markets in the CWE region and power system flexibility

Enhancing market access of demand response through generation forecast updates

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