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Beyond Gate Closure

Author

Listed:
  • Neuhoff, Karsten
  • Schwenen, Sebastian

Abstract

Current EU short-term market designs for electricity face several challenges in (i) securing efficient system operation (ii) unlocking the full potential of flexible resources and (iii) fostering effective use of transmission capacity. For a gradual reform of market design and to guarantee secure operation of (cross-border) flexible resources, firm nominations for generation and load are required already at intraday, with subsequent auctions taking network constraints into account. Alternatively, gate closure can be moved several hours ahead of real-time with SO administered balancing markets starting accordingly. In both cases all auctions subsequent to day-ahead trades could be based on complex bids and hosted at a common platform at TSO, ISO or PX, where also transmission capacity and capacity allocation is jointly calculated.

Suggested Citation

  • Neuhoff, Karsten & Schwenen, Sebastian, 2013. "Beyond Gate Closure," EconStor Research Reports 92995, ZBW - Leibniz Information Centre for Economics.
    • Handle: RePEc:zbw:esrepo:92995
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    More about this item

    Keywords

    gate closure; electricity market design;

    JEL classification:

    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
    • L95 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Gas Utilities; Pipelines; Water Utilities

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