Intraday Markets for Power: Discretizing the Continuous Trading

Karsten Neuhoff (), Nolan Ritter, Aymen Salah-Abou-El-Enien and Philippe Vassilopoulos

Cambridge Working Papers in Economics from Faculty of Economics, University of Cambridge

Abstract: A fundamental question regarding the design of electricity markets is whether adding auctions to the continuous intraday trading is improving the performance of the market. To approach this question, we assess the experience with the implementation of the 3 pm local auction for quarters in Germany at the European Power Exchange (EPEX SPOT) in December 2014 to assess the impact on trading volumes/liquidity, prices, as well as market depth. We discuss further opportunities and challenges that are linked with a potential implementation of an intraday auction.

Keywords: auctions; electricity; empirical analysis; market design (search for similar items in EconPapers)
JEL-codes: C5 C57 C93 D44 D47 L50 (search for similar items in EconPapers)
Date: 2016-03-21
New Economics Papers: this item is included in nep-ene, nep-exp, nep-mst and nep-reg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (28)

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Related works:
Working Paper: Intraday Markets for Power: Discretizing the Continuous Trading? (2016)
Working Paper: Intraday Markets for Power: Discretizing the Continuous Trading? (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:cam:camdae:1616

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