New Trends in the Econometric and Microeconomic Modelling of Electricity Markets
A special issue of Energies (ISSN 1996-1073). This special issue belongs to the section "C: Energy Economics and Policy".
Deadline for manuscript submissions: closed (30 December 2021) | Viewed by 7499
Special Issue Editor
Interests: energy; finance; econometrics; computer science; operations research
Special Issues, Collections and Topics in MDPI journals
Special Issue Information
Dear Colleagues,
The past thirty years have seen the establishment of wholesale electricity markets on a global scale followed by an upsurge of research interest in market design and the price formation mechanism. Electricity prices have distinctive features that are dictated by the nature of power production, limitations in existing storage technologies, and insufficient network infrastructure. For instance, the absence of affordable storage facilities that could be deployed on a grid scale makes it hard for system operators to buffer imbalances between generation and load, giving rise to an endogenous level of price volatility and occasional large price disruptions (spikes). Limitations in transmission capacity and cross-market hedging activities also prevent shifting power generation over space to close temporal price gaps between adjacent bidding zones. The technological inflexibility of certain generating units to immediately adjust their output causes slow absorption of price shocks and the emergence of dependencies that extend over long time scales. Slow cycling patterns in power prices are also imposed by seasonal shifts in electricity consumption, yearly variations in renewable energy generation, and business-cycle effects.
The confluence of all these factors adds to the increasing complexity of empirical price-generation processes, which calls for advanced modelling solutions. The purpose of this Special Issue is to present state-of-the-art approaches to power price and electricity markets modelling. The issue welcomes contributions in the wider context of electricity markets research, including econometric studies, microeconomic models, and agent-based simulation paradigms.
Example topics include but are not limited to the following:
- Panel data models, forecasting and dimensionality reduction techniques, nonlinear econometric and computational intelligence paradigms for electricity markets
- Fundamental electricity pricing models, the merit order effect, dependencies with other energy commodity markets
- The interplay between electricity and financial markets (e.g. markets for electricity futures)
- Agent-based modelling and market microstructure
- New designs and trading protocols facilitating vertical and horizontal (cross-border) market integration
- Integration and price convergence between spatially disaggregated electricity markets
Assist. Prof. Dr. Nikolaos S. Thomaidis
Guest Editor
Manuscript Submission Information
Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.
Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Energies is an international peer-reviewed open access semimonthly journal published by MDPI.
Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2600 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.
Benefits of Publishing in a Special Issue
- Ease of navigation: Grouping papers by topic helps scholars navigate broad scope journals more efficiently.
- Greater discoverability: Special Issues support the reach and impact of scientific research. Articles in Special Issues are more discoverable and cited more frequently.
- Expansion of research network: Special Issues facilitate connections among authors, fostering scientific collaborations.
- External promotion: Articles in Special Issues are often promoted through the journal's social media, increasing their visibility.
- e-Book format: Special Issues with more than 10 articles can be published as dedicated e-books, ensuring wide and rapid dissemination.
Further information on MDPI's Special Issue polices can be found here.
