Title: Negative Wholesale Electricity Prices in the German, French and Belgian Day-Ahead, Intra-Day and Real-Time Markets
Authors: De Vos, Kristof # ×
Issue Date: 2-Apr-2015
Publisher: Robert O. Marritz
Series Title: Electricity Journal vol:28 issue:4
Abstract: Central European wholesale electricity markets show an increasing amount of periods with negative prices. The objective of this article is to present the theoretical framework for this phenomenon, and to validate this based on historic price observations in Germany, France and Belgium. An individual analysis is conducted for the day-ahead, intra-day and the real-time balancing market, where results show that negative price events coincide majorly with low demand, and high renewable infeed. In particular the balancing markets are facing manifold negative price events which are explained by their real-time nature and limited market integration. It is discussed how renewable support schemes impact price negativity, as well as the electricity market design in general, hindering power system to cope with periods of excess supply
ISSN: 1040-6190
Publication status: accepted
KU Leuven publication type: IT
Appears in Collections:ESAT - ELECTA, Electrical Energy Computer Architectures
× corresponding author
# (joint) last author

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