Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/127445
Authors: 
Neuhoff, Karsten
Ritter, Nolan
Salah-Abou-El-Enien, Aymen
Vassilopoulos, Philippe
Year of Publication: 
2016
Series/Report no.: 
DIW Discussion Papers 1544
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.
Subjects: 
auctions
electricity
empirical analysis
market design
JEL: 
C5
C57
C93
D44
D47
L50
Document Type: 
Working Paper

Files in This Item:
File
Size
731.96 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.