Flexible Short-Term Power Trading: Gathering Experience in EU Countries
Karsten Neuhoff (),
Christos Vasilakos Konstantinidis,
Tomasz Siewierski and
No 1494, Discussion Papers of DIW Berlin from DIW Berlin, German Institute for Economic Research
Abstract EU power market design has been focused on facilitating trading between countries and for this has defined interfaces for market participants and TSOs between countries. The operation of power systems and markets within countries was not the focus of these developments. This may have contributed to difficulties of defining or implementing a common perspective in particular on intraday and balancing approaches. This motivated us to pursue an in depth reviewof six European power markets to contribute to a better understanding of the common elements, differences and the physical and institutional reasons for these. With this paper we aim to present the main insights emerging from the reviews and to identify where there is a need for alignment of operational aspects and short-term trading arrangements, taking into account system requirements individual member states face in operating their power system.
Keywords: Electricity trading; Power system operation; Institutional analysis (search for similar items in EconPapers)
JEL-codes: D40 D80 G24 L94 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ene, nep-eur and nep-reg
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