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This paper studies the realizability and compatibility of the three CEP2020 targets, focusing on electricity prices. We study the impact of renewables and other fundamental determinants on wholesale and household retail electricity prices…

综合经济学 · 经济学 2022-02-04 Juan Ignacio Peña , Rosa Rodriguez

Causal analysis helps us understand variables that are responsible for system failures. This improves fault detection and makes system more reliable. In this work, we present a new method that combines causal inference with machine learning…

系统与控制 · 电气工程与系统科学 2025-08-05 Karthik Peddi , Sai Ram Aditya Parisineni , Hemanth Macharla , Mayukha Pal

The European Union Emissions Trading System (EU ETS) is a key policy tool for reducing greenhouse gas emissions and advancing toward a net-zero economy. Under this scheme, tradeable carbon credits, European Union Allowances (EUAs), are…

应用统计 · 统计学 2025-05-16 Jan Maciejowski , Manuele Leonelli

One of the basic aims in science is to unravel the chain of cause and effect of particular systems. Especially for large systems this can be a daunting task. Detailed interventional and randomized data sampling approaches can be used to…

统计方法学 · 统计学 2016-11-30 Seyed Mahdi Mahmoudi , Ernst Wit

This paper analyzes stability conditions for wholesale electricity markets under real-time retail pricing and realistic consumption models with memory, which explicitly take into account previous electricity prices and consumption levels.…

系统与控制 · 计算机科学 2017-02-21 Datong P. Zhou , Mardavij Roozbehani , Munther A. Dahleh , Claire J. Tomlin

During the last years, European intraday power markets have gained importance for balancing forecast errors due to the rising volumes of intermittent renewable generation. However, compared to day-ahead markets, the drivers for the intraday…

统计金融 · 定量金融 2023-10-06 Simon Hirsch , Florian Ziel

The recently announced Energy Union by the European Commission is the most recent step in a series of developments aiming at integrating the EU's gas markets to increase social welfare (SW) and security of gas supply. Based on a spatial…

经济学 · 定量金融 2015-12-18 Tobias Baltensperger , Rudolf M. Füchslin , Pius Krütli , John Lygeros

The marginal price of electricity traditionally depends on the dual variables associated with relevant optimization goals. Particularly, in the optimal power flow realm, prices represent the cost of supplying an additional unit of power at…

最优化与控制 · 数学 2016-06-29 Kyri Baker

Especially in regions with high solar irradiation, photocatalysis presents a promising low-cost "green" hydrogen production option. Thus, this paper analyzes impacts of increasing photocatalysis shares on the European energy system using an…

物理与社会 · 物理学 2025-07-30 Wolfram Tuschewitzki , Jelto Lange , Jacob Schneidewind , Martin Kaltschmitt

This study analyses the current viability of this business based on a sample of European countries in the year 2019; countries where electricity prices (day-ahead market) and financial conditions show a certain degree of heterogeneity. We…

综合经济学 · 经济学 2023-09-26 Fernando Núñez , David Canca , Ángel Arcos-Vargas

A competitive wholesale electricity market consists of thousands of interacting market participants. Driven by the variations of fuel costs, system loads and weathers, these market participants compete actively and behave variously in the…

系统与控制 · 电气工程与系统科学 2019-11-01 Zhongyang Zhao , Caisheng Wang , Huaiwei Liao , Carol J. Miller

The increasing attention to environmental issues is forcing the implementation of novel energy models based on renewable sources, fundamentally changing the configuration of energy management and introducing new criticalities that are only…

物理与社会 · 物理学 2015-09-09 Mario Mureddu , Guido Caldarelli , Alessandro Chessa , Antonio Scala , Alfonso Damiano

Accurate short-term electricity price forecasting is crucial for strategically scheduling demand and generation bids in day-ahead markets. While data-driven techniques have shown considerable prowess in achieving high forecast accuracy in…

机器学习 · 计算机科学 2025-12-05 Maria Margarida Mascarenhas , Jilles De Blauwe , Mikael Amelin , Hussain Kazmi

The increasing transmission capacity needs in a future energy system raise the question how associated costs should be allocated to the users of a strengthened power grid. In contrast to straightforward oversimplified methods, a flow…

As the European countries strive to meet their ambitious climate goals, renewable hydrogen has emerged to aid in decarbonizing energy-intensive sectors and support the overall energy transition. To ensure that hydrogen production aligns…

综合经济学 · 经济学 2025-03-17 E. Hordvei , S. Hummelen , M. Petersen , S. Backe , P. Granado

Global trade is shaped by a complex mix of factors beyond supply and demand, including tangible variables like transport costs and tariffs, as well as less quantifiable influences such as political and economic relations. Traditionally,…

最优化与控制 · 数学 2025-11-21 Thomas Gaskin , Guven Demirel , Marie-Therese Wolfram , Andrew Duncan

To limit the global temperature increase to 1.5 degrees Celsius, fossil-free energy systems will be required eventually. To understand how such systems can be designed, the current state-of-the-art is to apply techno-economical optimisation…

物理与社会 · 物理学 2020-05-01 K. Zhu , M. Victoria , G. B. Andresen , M. Greiner

The expansion of wind and solar power is driving the European energy system transformation, thereby also driving our reliance on this weather-dependent resources. Integrating renewable scarcity events into long-term planning has therefore…

This article presents a novel hybrid approach using statistics and machine learning to forecast the national demand of electricity. As investment and operation of future energy systems require long-term electricity demand forecasts with…

机器学习 · 计算机科学 2023-04-12 Tatiana Gonzalez Grandon , Johannes Schwenzer , Thomas Steens , Julia Breuing

As the European countries strive to meet their ambitious climate goals, renewable hydrogen has emerged to aid in decarbonizing energy-intensive sectors and support the overall energy transition. To ensure that hydrogen production aligns…