The Spanish Electricity Intraday Market: Prices and Liquidity Risk
Year: 2007
Type: preprint
Abstract: This paper carries out a comparative analysis between the Spanish day-ahead market and the intraday market. Due to electricity's features, it is very important to program generation electricity in advance. The Spanish electricity market includes a peculiar intraday market in which agents can trade their electricity after the day-ahead market closes, through six consecutive trading sessions. It allows agents to rectify their positions as delivery time approaches. As well as price convergence between both markets, we analyse the way in which the intraday market is used by market agents and propose a measure as a proxy for auction market liquidity.
Source: SSRN Electronic Journal
Authors: Dolores Furió, Julio J. Lucia, Vicente Meneu
Institution: Universitat de València
Language: English
Subfield: Electrical and Electronic Engineering
Field: Engineering
Domain: Physical Sciences
Open Access status: green
OpenAlex ID: W2320546368