Module 2: Electricity spot markets (e.g., day-ahead)

Renewables in Electricity Markets · module 2 of 10

We start our description of electricity markets by concentrating on so-called “spot” markets, as for the example of the day-ahead electricity markets we have in Europe.

This module covers:

• Bilateral contracts and electricity pools
• Market clearing as an optimization problem
• Prices and settlement
• Zonal and network aspects
• Impact of regulation and support schemes

Before you start

Interview with Klaus Skytte (Nordic Energy Research)

Klaus Skytte was the head of the Energy Economics and Regulation group at DTU Management and is now the Director of Nordic Energy Research. We discuss the importance of electricity markets and regulation in the energy transition.

Lectures

2.0 Introduction

Slides (PDF)

2.1 From bilateral contracts to the electricity pool

Slides (PDF)

2.2 Market clearing as an optimization problem

Slides (PDF)

2.3 From prices to settlement

Slides (PDF)

2.4 Zonal and network aspects

Slides (PDF)

2.5 Impact of regulation and support schemes

Slides (PDF)

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