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Rethinking Short-Term Electricity Market Design : Options for Market Segment Integration
Rieß, Susanne; Neumann, Christoph; Glismann, Samuel et al.
2017In 14th International Conference on the European Energy Market
Peer reviewed
 

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Keywords :
balancing market; congestion management; intraday market; market design; market segment integration
Abstract :
[en] 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.
Disciplines :
Computer science
Author, co-author :
Rieß, Susanne
Neumann, Christoph
Glismann, Samuel
Schöpf, Michael
Fridgen, Gilbert  ;  University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT)
External co-authors :
yes
Language :
English
Title :
Rethinking Short-Term Electricity Market Design : Options for Market Segment Integration
Publication date :
2017
Event name :
14th International Conference on the European Energy Market
Event date :
06-06-2017 to 09-06-2017
Main work title :
14th International Conference on the European Energy Market
Peer reviewed :
Peer reviewed
Focus Area :
Computational Sciences
Name of the research project :
Projektgruppe WI Energie und kritische Infrastrukturen
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since 14 January 2021

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