Objectif
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.
Champ scientifique
Thème(s)
Appel à propositions
FP7-PEOPLE-2011-IEF
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Régime de financement
MC-IEF - Intra-European Fellowships (IEF)Coordinateur
NW1 4SA London
Royaume-Uni