Academic Journal
Frequent Auctions for Intraday Electricity Markets
| العنوان: | Frequent Auctions for Intraday Electricity Markets |
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| المؤلفون: | Graf, Christoph, Kuppelwieser, Thomas, Wozabal, David |
| المصدر: | Graf , C , Kuppelwieser , T & Wozabal , D 2024 , ' Frequent Auctions for Intraday Electricity Markets ' , Energy Journal , vol. 45 , no. 1 , pp. 231-256 . https://doi.org/10.5547/01956574.45.1.cgra |
| سنة النشر: | 2024 |
| مصطلحات موضوعية: | Continuous trading, Electricity markets, Frequent auctions, Intraday electricity markets, Market design |
| الوصف: | Continuous trading is currently becoming the standard for intraday electricity markets. In this paper, we propose frequent auctions as a viable alternative. We argue that batching orders in auctions potentially leads to lower liquidity cost, more reliable, less noisy price signals, and allows for better alignment of market outcomes with the technical realities of the transmission grid. In an empirical study, we compare the German continuous intraday market with counterfactual outcomes from frequent auctions. We find that traded volumes tend to be higher for continuous trading; however, the auction market benefits from lower liquidity costs and less noisy price signals. Furthermore, we critically discuss the suitability of continuous trading in the presence of network constraints and technical restrictions of conventional units. Taken together these findings suggest that in sparsely traded intraday markets, pooling orders in frequent auctions may be beneficial. |
| نوع الوثيقة: | article in journal/newspaper |
| اللغة: | English |
| DOI: | 10.5547/01956574.45.1.cgra |
| الاتاحة: | https://research.vu.nl/en/publications/26b8ccca-3709-45a3-ba04-970e0f791c71 https://doi.org/10.5547/01956574.45.1.cgra https://hdl.handle.net/1871.1/26b8ccca-3709-45a3-ba04-970e0f791c71 http://www.scopus.com/inward/record.url?scp=85194434106&partnerID=8YFLogxK http://www.scopus.com/inward/citedby.url?scp=85194434106&partnerID=8YFLogxK |
| Rights: | info:eu-repo/semantics/closedAccess |
| رقم الانضمام: | edsbas.7654A364 |
| قاعدة البيانات: | BASE |
| DOI: | 10.5547/01956574.45.1.cgra |
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