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Autoren: 
Neuhoff, Karsten
Ritter, Nolan
Salah-Abou-El-Enien, Aymen
Vassilopoulos, Philippe
Datum: 
2016
Reihe/Nr.: 
DIW Discussion Papers 1544
Zusammenfassung: 
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.
Schlagwörter: 
auctions
electricity
empirical analysis
market design
JEL: 
C5
C57
C93
D44
D47
L50
Dokumentart: 
Working Paper

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