Departmental seminar

Gkionis Stefanos, University of Crete

The electricity market that currently exists in the EU consists of four main groups: forward (long-term), day ahead, intraday, and balancing energy markets. It is to be evaluated the relationship between electricity day ahead and intraday market as well as possible correlation between different country markets. Next, it will be examined the market power of traders using asymmetric price transmission models. The intuition behind this effort is the hypothesis that asymmetric price transmission indicates deviations from perfect competition.

The approach developed by Klemperer & Meyer (1989) is often used to analyze electricity markets. They model an oligopoly market which faces uncertain demand, and each producer chooses a supply function which corresponds to all possible prices and quantities. A calibration of this model with data from Hellenic Energy Exchange is going to be our first step.

Zoom link: https://zoom.us/j/97374751400?pwd=UjZ4cUVaSXZ2bnZUT1BNSVhySFlDQT09