The Integration of the European Electricity Market

Inhaltsverzeichnis (Table of Contents)

• Introduction
  • Motivation and Relevance
  • Research Objective
  • Main Contribution
  • The Structure of Thesis
  • List of Publications
• Literature Review
  • History of the Liberalization of Electricity Market in Europe
  • Relevant stakeholders of European Electricity Market
    • Regulators
    • Producers
    • Transmission System Operators
    • Power Exchanges.
    • Auction Offices for Cross Border Capacity
  • Market Coupling Process
    • Regional Electricity Markets
    • Market Coupling Timeline
    • Congestion Management Allocation Methods
    • Cross-border Trade Energy in 2014
  • Market Integration: Benefits and Obstacles.
    • The Benefits of Market Integration
    • The Obstacles of Market Integration
• European Target Model and Relevant Projects
  • Introduction
  • Capacity Allocation and Congestion Management
    • The ATC model.
    • The Flow-based model
  • Projects of Market Coupling in Europe.
    • Harmonization of Long Term Allocation Rules Project
    • Price Coupling of Regions Project .
    • Cross-Border Intra-Day Market Project
    • Cross Border Electricity Balancing Pilot Projects
  • Conclusion
• The Coupling of Day-ahead Electricity Market
  • Introduction
  • Structure of Day-Ahead Electricity Market in Europe
    • Type of Orders
    • Non-Convexities in the Day-Ahead Electricity Market Model
    • Transmission Network
  • Study Case: Price Coupling of Regions Project Impact on Italian Electricity Market
    • Introduction.
    • Italian Electricity Market and Coupling Process
    • Data Analyzes
    • Conclusions. .
  • Uniform Price for the European Day-Ahead Electricity Market
    • Motivations and contributions
    • European Day-Ahead Electricity Market Mathematic Model
    • The Issues of Uniform Price Model
  • Non-Uniform Price for the European Day-Ahead Electricity Market
    • Literature Review.
    • Approach and Contributions
    • Mathematic Model
    • Case Study and Result
    • Conclusion
  • A thorough comparison among various approaches on the PUN Sub-Problem
    • Mathematic Model based on complementarity theory
    • Test and Results
    • Conclusion
  • Conclusion
• The Coupling of Intra-Day Electricity Market
  • Introduction.
  • State-of-the-art of Intra-Day Market in Europe
    • Market Design
    • Type of Orders
    • Capacity Allocation Management
  • The Hybrid Intra-Day Market Mechanism
    • Goal and Contributions of the Model
  • Mathematic Model
    • Optimization Problem
    • Data Processing Module
  • Hybrid Intra-Day Market Mechanism
  • Test and Result
    • Case Study
    • Result
  • Conclusion
• Conclusions and Future Work
  • Conclusions
  • Future Work

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This thesis delves into the coupling of day-ahead and intra-day electricity markets in Europe. The primary objective is to investigate the impact of market coupling on the integration of regional electricity markets, particularly in the context of congestion management and price formation. The study focuses on identifying opportunities and challenges presented by market coupling for both day-ahead and intra-day markets. It seeks to enhance our understanding of market dynamics and to contribute to the ongoing efforts to improve market design and efficiency in the European electricity sector.

• Market Coupling in the European Electricity Sector
• Congestion Management and Price Formation
• Day-Ahead and Intra-Day Market Integration
• Opportunities and Challenges of Market Coupling
• Impact on Regional Electricity Markets

Zusammenfassung der Kapitel (Chapter Summaries)

• Introduction: This chapter introduces the topic of electricity market coupling in Europe, outlining the motivation, research objective, main contributions, and structure of the thesis. It also provides a list of publications related to the research.
• Literature Review: This chapter reviews the historical context of electricity market liberalization in Europe, focusing on key stakeholders and the evolution of market coupling. It analyzes the benefits and obstacles of market integration and examines different congestion management allocation methods.
• European Target Model and Relevant Projects: This chapter discusses the European Union's target model for electricity market integration, focusing on capacity allocation and congestion management. It explores specific projects related to market coupling, including the Harmonization of Long Term Allocation Rules Project, the Price Coupling of Regions Project, the Cross-Border Intra-Day Market Project, and Cross Border Electricity Balancing Pilot Projects.
• The Coupling of Day-ahead Electricity Market: This chapter examines the structure and operation of the day-ahead electricity market in Europe. It analyzes the impact of market coupling, particularly the Price Coupling of Regions Project, on the Italian electricity market, and explores different approaches to price formation, including uniform and non-uniform models.
• The Coupling of Intra-Day Electricity Market: This chapter investigates the state-of-the-art of intra-day markets in Europe, analyzing their design, order types, and capacity allocation management. It proposes a hybrid intra-day market mechanism and evaluates its performance through a case study.

Schlüsselwörter (Keywords)

The key focus areas of this research include: electricity market coupling, congestion management, day-ahead market, intra-day market, price formation, market integration, European Union, target model, ATC model, flow-based model, Price Coupling of Regions Project, Cross-Border Intra-Day Market Project, hybrid intra-day market mechanism, and optimization problem.