Performance assessment of current and new market designs and trading mechanisms for national and regional markets

Abstract

The present deliverable was developed as part of the research activities of the TradeRES project Task 5.3 – Performance assessment of current and new market designs and trading mechanisms for National and Regional Markets. This report presents the first edition of deliverable 5.3, which provides an initial assessment of the market performance using the actually existing designs and products, implemented within TradeRES project in the models used in work package 5. This assessment is performed through (key) market performance indicators (MPIs) previously identified to address the research questions of the project in a quantitative manner. Three computational studies focusing on national/regional electricity markets are analysed. Two related to the Central European market - EPEX SPOT: the Netherlands (case study B) and Germany (case study C), and one related to the Iberian electricity market – MIBEL (case study D). The studies are conducted using different models and computational systems: COMPETES, EMlabpy, AMIRIS, MASCEM and RESTrade that were fully described in the deliverables of WP 4 - Development of Open-access Market Simulation Models and Tools.