TY - GEN A1 - Müsgens, Felix A1 - Peek, Markus T1 - Sind Kapazitätsmärkte in Deutschland erforderlich? - Eine kritische Analyse vor dem Hintergrund der ökonomischen Theorie T2 - Zeitschrift für neues Energierecht KW - Kapazitaetsmaerkte KW - Deutschland KW - ökonomischen Theorie Y1 - 2011 SN - 1434-3339 VL - 15 IS - 6 SP - 576 EP - 583 ER - TY - GEN A1 - Müsgens, Felix A1 - Peek, Markus T1 - Economics and Design of Balancing Power Markets in Germany T2 - International Journal of Electrical Power & Energy Systems Y1 - 2014 SN - 2070-3767 IS - 55 SP - 392 EP - 401 ER - TY - GEN A1 - Müsgens, Felix A1 - Ockenfels, Axel A1 - Peek, Markus T1 - Balancing Power Markets in Germany: Timing Matters T2 - Zeitschrift für Energiewirtschaft N2 - This paper analyzes timing issues on the German balancing power market. We focus the analysis on the length of the bidding period, i.e. the length of the time period a supplier has to provide balancing power capacities, and the question of how far before the beginning of a bidding period the auction should be carried out. We show that different load levels require different plants for the optimal provision of balancing power. In a longer bidding period, the power plants that have the lowest average cost in the bidding period are unlikely to be efficient in all hours of the bidding period. Hence, shortening bidding periods can increase efficiency. Furthermore, we show that an early commitment on a power plant’s mode of operation (when uncertainty about resulting spot prices is still relatively high) also reduces efficiency. This suggests that the auction should be held relatively close to the beginning of the bidding period. Furthermore, we discuss some advantages of a liquid real time market. KW - Balancing Power Markets KW - Germany Y1 - 2012 SN - 1866-2765 SN - 0343-5377 VL - 36 IS - 1 SP - 1 EP - 7 ER - TY - CHAP A1 - Müsgens, Felix A1 - Peek, Markus A1 - Schulz, W. ED - Haubrich, Hans-Jürgen T1 - Investigation on the Demand for Transmission Capacity - Investigation for France-Italy based on a Generation Dispatch Model T2 - Analysis of Electricity Network Capacities and Identification of Congestion Y1 - 2001 PB - IAEW CY - Aachen ER -