Adequate intraday market design to enable the integration of wind energy into the European power systems

By Christoph Weber. 2010

259 citations recorded by the source corpus.

Abstract This contribution analyses the European electricity markets with respect to their aptitude to absorb large amounts of wind energy. Thereby in a first step the market designs of the major European power markets in France, Germany, Scandinavia, Spain and UK are reviewed, with a particular focus on liquidity in the spot and intraday markets. Then some key features of the short-term adjustments required by wind energy are discussed and the necessity of sufficient liquidity in intraday markets is highlighted. For the example of the German market subsequently the discrepancy between the physical short-term adjustment needs and the traded volumes on the intraday market is analyzed. This leads to an evaluation of proposals for improving the liquidity on the short-term market, including the use of continuous spot trading like in UK or the use of intraday auctions like in Spain.

Subfields: Electrical and Electronic Engineering, Finance

View Paper: https://www.semanticscholar.org/paper/044077af9b191d51090c3c6916eeec3b57d2451f

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Electrical and Electronic Engineering

In Finance

Citations in the corpus

Pool Strategy of a Price-Maker Wind Power Producer (2013, background): “This simplification is realistic since these markets have generally low liquidity [14].”
The future of the European electricity system and the impact of fluctuating renewable energy – A scenario analysis (2014, background): “Forecast improvements and efficiency gains in the reserve handling caused this development, yet in the future no continued decrease may be expected (Weber, 2010).”
Local flexibility markets: Literature review on concepts, models and clearing methods (2020, background): “Type 1: Balancing flexibility for the TSO at the transmission system, which is normally traded in fully developed markets such as intra-day energy markets [35] and spinning reserve markets [36].”
The impact of wind power generation on the electricity price in Germany (2014, background): “This is expected to reduce price volatility as smoother prices can generally be observed in a more liquid market (Figlewski, 1981; Weber, 2010).”
Identifying barriers to large-scale integration of variable renewable electricity into the electricity market : A literature review of market design (2018, unknown): “It o ﬀ ers ﬂ exibility to reduce the need for more expensive resources with high ﬂ exibility for real-time balancing [112,126].”