Objective
The on-going restructuring and market design processes for the power sector, with its complex objectives
of competition, security and decarbonisation has created a need to understand the drivers of change and
the nature of electricity price dynamics. Since electricity is a unique commodity, not easily storable
with important implications when balancing supply and demand, any imbalances can cause large
and sharp changes in price. Hence, AaDAMS, a project on “Auction and Day—Ahead Markets Spikes”,
investigates appropriate modeling, forecasting and risk management techniques for the occurrence
of spikes and abnormal price excursions in electricity markets, focusing upon agent specific as well
as market level data. AaDAMS has a main objective of understanding abnormal price
dynamics observed in wholesale electricity prices looking at the behaviour of generators’
auction offers, as well as related parallel objectives concerning the exercise of market
power in the European Electricity Markets, the potential interaction of strategic
behaviour with new technology characteristics, such as wind intermittency and the effect of
policy interventions in market design on price dynamics.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
FP7-PEOPLE-2011-IEF
See other projects for this call
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Coordinator
NW1 4SA London
United Kingdom
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.