3 papers
econ.EM2019
X-model: further development and possible modifications
Sergei Kulakov
Despite its critical importance, the famous X-model elaborated by Ziel and Steinert (2016) has neither bin been widely studied nor further developed. And yet, the possibilities to…
econ.GN2019
Determining Fundamental Supply and Demand Curves in a Wholesale Electricity Market
Sergei Kulakov, Florian Ziel
In this paper we develop a novel method of wholesale electricity market modeling. Our optimization-based model decomposes wholesale supply and demand curves into buy and sell order…
econ.GN2019
The Impact of Renewable Energy Forecasts on Intraday Electricity Prices
Sergei Kulakov, Florian Ziel
In this paper we study the impact of errors in wind and solar power forecasts on intraday electricity prices. We develop a novel econometric model which is based on day-ahead whole…