The development of distributed energy sources will challenge the management of the
electrical system. Local flexibility markets (LFMs) are a promising solution to coordinate the …

Contrary to liberalized US electricity markets that apply nodal pricing, European power
markets rely on uniform pricing within bidding zones. Europe's zonal pricing model is …

The traditional power generation rights trading (GRT) market is faced with the problems of
weak interconnection of electricity‑carbon market and low security. Using smart contracts in …

This paper presents firm-level estimates of how an increase in variable renewable energy
(VRE) generation affects individual firms' day-ahead available capacity and generation …

In recent years, European system operators have been more frequently needing to
redispatch generation, load, or both, after the day-ahead market clearing to ensure that the …

The European electricity market is becoming increasingly interconnected, raising questions
about how intrazonal congestion management, typically governed by national regulations …

Improper configuration of bidding zones can lead to market efficiency losses, hinder the
integration of renewable energy sources (RESs), and reduce grid security. To evaluate the …

Redispatch markets can help to facilitate the integration of flexible resources into the
redispatch. However, redispatch markets tend to be prone to concerns regarding the abuse …

In European power markets, recent regulatory changes impose minimum trading capacities
to increase cross-border trade. However, the sweeping definition of minimum margins …

This discussion paper was prepared within the framework of ISGAN Working Group 6 (
http://www. iea-isgan. org/our-work/annex-6/). The Working Group 6 focus area, Power …