Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/92995
Authors: 
Neuhoff, Karsten
Schwenen, Sebastian
Year of Publication: 
28-Jun-2013
Series/Report no.: 
2nd Report Future Power Market Workshop, DIW Berlin
Abstract: 
Current EU short-term market designs for electricity face several challenges in (i) securing efficient system operation (ii) unlocking the full potential of flexible resources and (iii) fostering effective use of transmission capacity. For a gradual reform of market design and to guarantee secure operation of (cross-border) flexible resources, firm nominations for generation and load are required already at intraday, with subsequent auctions taking network constraints into account. Alternatively, gate closure can be moved several hours ahead of real-time with SO administered balancing markets starting accordingly. In both cases all auctions subsequent to day-ahead trades could be based on complex bids and hosted at a common platform at TSO, ISO or PX, where also transmission capacity and capacity allocation is jointly calculated.
Subjects: 
gate closure
electricity market design
JEL: 
Q41
Q42
Q48
L94
L95
Document Type: 
Report

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