Title :
Price spreads in electricity markets: What are fundamental drivers?
Author :
Genoese, Massimo ; Genoese, Fabio ; Möst, Dominik ; Fichtner, Wolf
Author_Institution :
Energy Econ., Karlsruhe Inst. of Technol., Karlsruhe, Germany
Abstract :
In this paper, we identify and analyze fundamental drivers on the base-peak spread of wholesale electricity prices. We set up scenarios for a model based analysis to test the influence of these drivers. An agent-based simulation approach is used to carry out this analysis. Results show that the gas-to-coal price difference is an essential factor for the development of the base-peak electricity price spread.
Keywords :
multi-agent systems; power engineering computing; power markets; agent-based simulation; base-peak electricity price spread; electricity markets; fundamental drivers; gas-to-coal price difference; wholesale electricity prices; Driver circuits; Wholesale electricity market; agent-based modeling; base-peak spread; prices;
Conference_Titel :
Energy Market (EEM), 2010 7th International Conference on the European
Conference_Location :
Madrid
Print_ISBN :
978-1-4244-6838-6
DOI :
10.1109/EEM.2010.5558727
