TY - RPRT A1 - Hirth, Lion A1 - Schlecht, Ingmar T1 - Redispatch Markets in Zonal Electricity Markets: Inc-Dec Gaming as a Consequence of Inconsistent Power Market Design (not Market Power) T2 - EconStor Y1 - 2019 UR - http://hdl.handle.net/10419/194292 PB - ZBW – Leibniz Information Centre for Economics ER - TY - JOUR A1 - Wiese, Frauke A1 - Schlecht, Ingmar A1 - Bunke, Wolf-Dieter A1 - Gerbaulet, Clemens A1 - Hirth, Lion A1 - Jahn, Martin A1 - Kunz, Friedrich A1 - Lorenz, Casimir A1 - Mühlenpfordt, Jonathan A1 - Reimann, Juliane A1 - Schill, Wolf-Peter T1 - Open Power System Data - Frictionless data for electricity system modelling JF - Applied Energy N2 - The quality of electricity system modelling heavily depends on the input data used. Although a lot of data is publicly available, it is often dispersed, tedious to process and partly contains errors. We argue that a central provision of input data for modelling has the character of a public good: it reduces overall societal costs for quantitative energy research as redundant work is avoided, and it improves transparency and reproducibility in electricity system modelling. This paper describes the Open Power System Data platform that aims at realising the efficiency and quality gains of centralised data provision by collecting, checking, processing, aggregating, documenting and publishing data required by most modellers. We conclude that the platform can provide substantial benefits to energy system analysis by raising efficiency of data pre-processing, providing a method for making data pre-processing for energy system modelling traceable, flexible and reproducible and improving the quality of original data published by data providers. Y1 - 2019 U6 - https://doi.org/10.1016/j.apenergy.2018.11.097 VL - 236 SP - 409 ER - TY - JOUR A1 - Schlecht, Ingmar A1 - Maurer, Christoph A1 - Hirth, Lion T1 - Financial contracts for differences: The problems with conventional CfDs in electricity markets and how forward contracts can help solve them JF - Energy Policy N2 - Contracts for differences are widely seen as a cornerstone of Europe's future electricity market design. This paper is about designing such contracts. We identify the dispatch and investment distortions that conventional CfDs cause, the patches used to overcome these shortcomings, and the problems these fixes introduce. We then propose an alternative contract we call “financial” CfD. This hybrid between conventional CfDs and forward contracts mitigates revenue risk to a substantial degree while providing undistorted incentives. Like conventional CfDs, it is long-term and tailored to technology-specific (wind, solar, nuclear) generation patterns but, like forwards, decouples payments from actual generation. The proposed contract mitigates volume risk and avoids margin calls by accepting physical assets as collateral. KW - Management, Monitoring, Policy and Law KW - General Energy Y1 - 2024 U6 - https://doi.org/10.1016/j.enpol.2024.113981 VL - 186 ER -