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Rethinking Short-Term Electricity Market Design : Options for Market Segment Integration

Title data

Rieß, Susanne ; Neumann, Christoph ; Glismann, Samuel ; Schöpf, Michael ; Fridgen, Gilbert:
Rethinking Short-Term Electricity Market Design : Options for Market Segment Integration.
2017
Event: 14th International Conference on the European Energy Market , 06.-09. Juni 2017 , Dresden, Deutschland.
(Conference item: Conference , Paper )
DOI: https://doi.org/10.1109/EEM.2017.7981931

Official URL: Volltext

Abstract in another language

Electricity market design varies across countries throughout Europe. Thereby the provision and remuneration of flexibility always takes place in short-term market segments. Taking into consideration the fundamental changes of the power system, this paper discusses options for the future short-term market design. We develop a conceptual basis for a possible integration of currently separated short-term market segments. Market segment integration (MSI) is defined as the interaction between and possible combination of market segments, i.e. intraday market (ID), congestion management (CM) and balancing market (BA). The paper especially focusses on two options, namely an integrated BA and CM market and an integrated ID and CM market. For these options we determine the basic design features. We propose a criteria catalogue which allows the evaluation of the market design options. Based on several criteria we discuss possible positive and negative consequences as well as potential solutions.

Further data

Item Type: Conference item (Paper)
Refereed: Yes
Keywords: balancing market; congestion management; intraday market; market design; market segment integration
Institutions of the University: Faculties > Faculty of Law, Business and Economics > Department of Business Administration
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Professorship Business Informations Systems and sustainable IT management
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Professorship Business Informations Systems and sustainable IT management > Professorship Business Informations Systems and sustainable IT management- Univ.-Prof. Dr. Gilbert Fridgen
Profile Fields
Profile Fields > Emerging Fields
Profile Fields > Emerging Fields > Energy Research and Energy Technology
Research Institutions
Research Institutions > Affiliated Institutes
Research Institutions > Affiliated Institutes > Fraunhofer Project Group Business and Information Systems Engineering
Research Institutions > Affiliated Institutes > FIM Research Center Finance & Information Management
Faculties
Faculties > Faculty of Law, Business and Economics
Result of work at the UBT: Yes
DDC Subjects: 000 Computer Science, information, general works > 004 Computer science
300 Social sciences > 330 Economics
Date Deposited: 10 Aug 2017 10:45
Last Modified: 15 May 2018 08:56
URI: https://eref.uni-bayreuth.de/id/eprint/39086