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Future Power Market Platform
Increasing shares of active consumers, distributed generators, new flexibility providers on the distribution network lead a need of coordination between TSO, DSOs and power exchanges. In this workshop we would like to extend the discussion we had in Mannheim, and ask with more detail the question: What needs to be considered in the market design to coordinate producers, consumers, and...
10.01.2018| Gianluigi Migliavacca, Alberto Latorre, Marco Baldini, Jose Pablo Chaves Avila, Jörn C. Richstein, Karsten Neuhoff
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Future Power Market Platform
The question posed in this workshop is not whether zonal or nodal is better - but in the case some countries wish to go to a nodal system, how would that interact with the neighboring electricity markets. Interested countries argue that under subsidiarity it is in their freedom to decide how strong to build their internal networks to avoid constraints or use smaller pricing zones or nodal pricing...
24.09.2018| Andreas Ehrenmann, Maximilan Rinck, Konrad Purchala, Christian Nabe, Julian Dyer , Jörn C. Richstein, Karsten Neuhoff
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Future Power Market Platform
Objective
With the strong emphasis on the energy only market reflected in the winter package - we want to revisit hedging and futures markets as the key element for a functioning energy-only market.
In particular, we are interested to explore how they will likely evolve in a 2030 perspective with increasing shares of wind and solar power and complementing flexibility options in the system (such...
22.03.2019| Gauthier de Maere (Tractebel), Rickard Nilsson (Nordpool), Andras Hujber (DG Energy), Andreas Flamm (Entelios), Paul Giesbertz (Statkraft), Felix Hulsch (Enertrag), Marcus Bokermann (Vattenfall), Arne Matthias Weber (RWE), Maximilian Rinck (EPEX), , Jörn C. Richstein, Karsten Neuhoff
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Future Power Market Platform
For the success of the energy transition, sufficient attractiveness in capital markets and availability of financing for both transmission and distribution grid expansion are crucial. However, in a nodal pricing regime, network operator revenues potentially fluctuating with congestion conditions add complexity to the revenue streams and thus to financing. In addition, the financial effects on...
21.09.2023
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Future Power Market Platform
Objective
With the strong emphasis on the energy only market reflected in the winter package - we want to revisit hedging and futures markets as the key element for a functioning energy-only market.
In particular, we are interested to explore how they will likely evolve in a 2030 perspective with increasing shares of wind and solar power and complementing flexibility options in the system (such...
19.12.2023
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Future Power Market Platform
Parts of the existing electricity usage and most of the additional demand from electro-mobility, heat-pumps with thermal storage and electrification of industrial processes offer opportunities for time-shifting. In a system with rapidly increasing shares of wind- and solar power this flexible demand will be highly valuable to balance the energy system. Given that the power generation capacity is...
03.06.2024
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Future Power Market Platform
The results of the Bidding Zone Review have reignited the debate around congestion management in Europe. Much of the discussions focus on the number of bidding zones necessary to limit congestion and the challenges for liquidity and competition in smaller zones. Locational marginal pricing would offer an alternative that combines effective congestion management with enhanced liquidity,...
25.06.2025| Mark Rothleder, Susan Pope, Scott Harvey, Rana Mukerji
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Future Power Market Platform
The bidding zone review showed large pricing zones are inadequate for effective congestion management in countries with larger shares of wind- and solar power. Large pricing zones provide the wrong incentives and could result in demand side flexibility escalating rather than supporting the management of grid congestion. However, ENTSO-e also emphasized in the report the risk for liquidity and...
02.07.2025
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Future Power Market Platform
28.08.2025
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Future Power Market Platform
With a potential transition to locational marginal pricing (LMP) in Europe—as an alternative to bidding zone splits—two key questions arise. First, instead of paying for redispatch in large zones, market operators will obtain congestion revenue from LMP pricing. How can these revenues be used to address distributional concerns from the introduction of LMP? Second, how can market participants hedge...
07.10.2025| Anna McKenna, Julia Frayer, Abram Klein, Jonas Böschemeier, Leon Stolle