EURO 2024 Copenhagen
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3134. Assessing the Impact of Cross-Border effects on Day-Ahead Market Electricity Prices – a Meta-study

Invited abstract in session MD-14: Modelling European market coupling , stream Energy Markets.

Monday, 14:30-16:00
Room: 16 (building: 116)

Authors (first author is the speaker)

1. Jilles De Blauwe
DTU Management, DTU

Abstract

Cross-border effects play a significant role in shaping spot market prices. Yet, a thorough meta-study synthesizing their influence and comparing across different European markets remains a gap in relevant literature. Further, a comparison of the relevant literature on the basis of the methodology followed in each study can prove useful.
This meta-study will therefore investigate the relevant existing literature for papers that have established a relation between a cross-border effect and the spot market prices. A number of key cross-border effects of particular interest are first identified, before compiling a comprehensive list of relevant papers that include those effects. Subsequently, the study will rigorously compare the selected papers on a methodological basis. Here the study will classify the papers for modelling technique used, the time period on which influences are defined (short and long-term) and the market under study. These methodologies will then be discussed.
Finally, the conclusions of different papers looking at a particular effect are compared, to assess whether the difference in results drawn in the papers might result from the modelling technique and the methodologies followed in that paper, or was rather due to some other factors. This meta-analysis will thus provide a valuable reference tool for future studies that seek insight into methods to analyze or forecast spot market prices while including cross-border effects.

Keywords

Status: accepted

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