Journal
ENERGY POLICY
Volume 145, Issue -, Pages -Publisher
ELSEVIER SCI LTD
DOI: 10.1016/j.enpol.2020.111731
Keywords
Auctions; Electricity market; Intraday trading; Market design
Ask authors/readers for more resources
This paper sheds light on the status quo of currently implemented electricity intraday auctions in Europe and offers an outlook for future developments. First, we compare the two market mechanisms continuous trading and auction and identify advantages and disadvantages. Then, we investigate the currently existing six intraday auctions in Europe. We compare crucial auction characteristics such as the number of auctions, tradable market period(s), gate opening time and gate closure time, and find a wide variety in auction designs. By examining relevant European regulation and recent regulatory decisions, we illustrate that future European intraday auctions can either be implemented as cross-border auctions or complementary regional auctions. We find that complementary regional auctions of the borders Portugal-Spain, CCR Greece-Italy and CCR Italy-North are already approved.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available