Cross-Border Electricity Market Modeling (BEM model)
The overall research questions is to analyze the investment and market behavior of power utilities in Switzerland and surrounding countries.
For the methodology, we use an equilibrium market models of Nash-Cournot type, which allows endogenous investment decisions of the players, and the the market-exchange of electricity. Investigated issues comprise: Market power, Investment risk, risk-averse decision-making, and transmission constraints. The modeling is with real-world data. The market clearing is limited by transmission constraints. The analysis may allow regulators to better design investment and market rules to ensure acceptable electricity prices for consumers.
Keles, D., Densing, M., Panos, E., Hack, F., Joris, D. (2020). Cross-border Effects in Interconnected Electricity Markets - An Analysis of the Swiss Electricity Prices, Energy Economics, 90, pp. 104802. https://doi.org/10.1016/j.eneco.2020.104802
Panos, E., Densing, M. (2019). The future developments of the electricity prices in view of the implementation of the Paris Agreements: Will the current trends prevail, or a reversal is ahead? Energy Economics, 84, pp. 104476. https://doi.org/10.1016/j.eneco.2019.104476
Panos, E., Densing, M., Schmedders, K. (2017). Oligopolistic capacity expansion with subsequent market-bidding under transmission constraints (OCESM), Report of SFOE-EWG Research Programme Alternative download (ZORA Archive of University of Zurich): DOI: 10.5167/uzh-151127
Wan, Y., Densing, M. (2019). Non-Linear Demand Curves in Electricity Markets: Impact on Market Power Estimation. 16th European IAEE Conference, 25-28 Aug, Lubliana. https://iaee2019ljubljana.oyco.eu/download/contribution/abstract/226/226_abstract_20190315_145537.docx
Panos, E., Densing, M. (2018). The future development of the electricity prices in view of the implementation of the Paris Agreements in 2030: will the current trends prevail or reverse is ahead?, The 37th International Energy Workshop, Gothenburg, Sweden, 19-21 June 2018, Download Presentation
Densing, M., Panos, E. (2018). Electricity Market Prices under Long-Term Policy Scenarios, 41st International Association of Energy Economics (IAEE) International conference, Groningen, Netherlands, 10-13 June 2018, Download Presentation
Kober, T., Panos, E., Densing, M. Kannan, R. (2018). Zukünftige Rolle der Schweizer Wasserkraft im Gesamtenergiesystem, VSE Fachtagung “Zukunft der Wasserkraft", Olten, 27. June 2018, Program
Densing, M. (2017). Modeling of electricity markets and hydropower dispatch, SCCER - Supply of Electricity Annual Conference, Birmensdorf, Switzerland, 14-15 September 2017, Download Presentation
Densing, M., Panos, E., Schmedders K. (2017). Stochastic bi-level electricity market modeling, 2nd Workshop of SET-Nav WP10 Modelling Forum - Modelling of Risk and Uncertainty in Energy System, ETH, Zürich, Switzerland
Densing, M., Panos, E., Schmedders, K. (2015). Decision making in electricity markets: Bi-level games and stochastic programming, Energy Science Center Workshop, ETH Zurich, Switzerland, Presentation
Densing, M., Panos, E., Schmedders, K. (2015). Bilevel oligopolistic electricity market models: The case of Switzerland and surrounding countries, OR2015, Annual International Conference of the German Operations Research Society, Vienna, Austria
Densing M. (2015). Stochastic programming formulations of coherent multi-period risk measurement, 13th Swiss Operations Research Days, IBM Research, Zurich