Abstract
An updating study concerning the analysis and modeling of the European Energy Exchange power market in Germany is urgently called for due to the dramatic transformations of the market in recent years. Based on careful data research, this paper provides a consolidated and detailed view concerning the development of the market and its mechanisms. This paper proposes a new analytical model of the merit order curve of the market. The model is designed to capture the occurrences of negative prices. It considers fuel prices and CO2 prices, and by taking into account the structural changes of the market such as the increasing energy in-feed from renewable sources and the moratorium of nuclear power plants in Germany, the model is robust to these changes of market fundamentals. The proposed merit-order-curve model constitutes a critical component in realistic fundamental models for the European Energy Exchange power market.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
