Demand response, market design and risk: A literature review
Joana Sousa and
Utilities Policy, 2020, vol. 66, issue C
Different market designs may create distortions on spot pricing equilibrium, thus providing different signals for market agents and investment decisions on new generation assets. Also, demand flexibility market value may differ according to market characteristics. This paper aims to study the demand response (DR) – market design – risk nexus. According to our findings, despite the design differences among MIBEL, EEX and Nord Pool, some variables are common to all while those associated with risk premia might differ. This is due to the mismatch between the specific market structure characteristics and premises, particularly in what concerns the supply generation portfolio composition in the day-ahead markets.
Keywords: Demand response; Electricity markets; Market design (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Full text for ScienceDirect subscribers only
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eee:juipol:v:66:y:2020:i:c:s0957178720300783
Access Statistics for this article
Utilities Policy is currently edited by D. Smith
More articles in Utilities Policy from Elsevier
Bibliographic data for series maintained by Nithya Sathishkumar ().