The Integration of Renewables in Continuous Intraday Markets for Electricity

Posted: 7 Mar 2014 Last revised: 22 Aug 2015

See all articles by Alexander von Selasinsky

Alexander von Selasinsky

Dresden University of Technology - Faculty of Economics and Business Management

Date Written: February 14, 2014

Abstract

This paper proposes an analytical model to explain how the uncertain feed-in from renewable energy sources shapes continuous intraday markets for electricity. The basic idea of the model is to use the day-ahead uniform-price auction as a reference framework to illustrate how forecast errors are balanced in the intraday market. The model is used to give insights into the price-setting decision of market participants, to explain prices from the German electricity market and to show some determinants of integration costs.

Keywords: Intraday market, Continuous trading, Integration of renewables, Balancing forecast errors

JEL Classification: L94, Q41, D40

Suggested Citation

von Selasinsky, Alexander, The Integration of Renewables in Continuous Intraday Markets for Electricity (February 14, 2014). Available at SSRN: https://ssrn.com/abstract=2405454 or http://dx.doi.org/10.2139/ssrn.2405454

Alexander Von Selasinsky (Contact Author)

Dresden University of Technology - Faculty of Economics and Business Management ( email )

M√ľnchner Platz 3
Dresden, D-01069
Germany

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