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The way towards European electricity intraday auctions – Status quo and future developments

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  • Ocker, Fabian
  • Jaenisch, Vincent

Abstract

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.

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  • Ocker, Fabian & Jaenisch, Vincent, 2020. "The way towards European electricity intraday auctions – Status quo and future developments," Energy Policy, Elsevier, vol. 145(C).
    • Handle: RePEc:eee:enepol:v:145:y:2020:i:c:s0301421520304572
    DOI: 10.1016/j.enpol.2020.111731
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    Cited by:

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    3. Eicke, Anselm & Ruhnau, Oliver & Hirth, Lion, 2021. "Electricity balancing as a market equilibrium: An instrument-based estimation of supply and demand for imbalance energy," Energy Economics, Elsevier, vol. 102(C).
    4. András Szeberényi & Ferenc Bakó, 2023. "Electricity Market Dynamics and Regional Interdependence in the Face of Pandemic Restrictions and the Russian–Ukrainian Conflict," Energies, MDPI, vol. 16(18), pages 1-22, September.
    5. Shilpa Bindu & José Pablo Chaves Ávila & Luis Olmos, 2023. "Factors Affecting Market Participant Decision Making in the Spanish Intraday Electricity Market: Auctions vs. Continuous Trading," Energies, MDPI, vol. 16(13), pages 1-23, July.
    6. Hakan Acaroğlu & Fausto Pedro García Márquez, 2021. "Comprehensive Review on Electricity Market Price and Load Forecasting Based on Wind Energy," Energies, MDPI, vol. 14(22), pages 1-23, November.

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