Abstract:
Trading in the intraday electricity markets increased rapidly since the opening of the market.
This may be driven by the need of photovoltaic and wind power operators to balance their production forecast errors, i.e. deviations between forecasted and actual production. Evidence for this is a jump in the volume of intraday trading as the direct marketing of renewable energy was introduced. Furthermore, there may be a generally increased interest in intraday trading activities due to proprietary trading. We will start with an overview of recent developments . Our focus will be on the structure of intraday trading of electricity and the identification of the price-driving factors. In addition, we will discuss some aspects of market making in the intraday markets.