Work detail

Power Spot Market of the European Energy Exchange and Its Influence on the Czech Power Market

Author: Bc. Jana Vavřičková
Year: 2012 - summer
Leaders: RNDr. Michal Červinka Ph.D.
Work type: Bachelors
Language: English
Pages: 66
Awards and prizes: B.A. with distinction from the Dean of the Faculty of Social Sciences for an excellent state-final examination performance and for an extraordinarily good bachelors diploma thesis.
Abstract: The main purpose of the thesis is providing a detailed description of the clearing
process on power spot market of European Energy Exchange (EEX), in view of the
algorithmic methods employed. The thesis encompasses the mathematical formulation
of the discrete optimization problem solved in the price determination process
while the algorithm searches for such combination of block and hourly orders to be
executed that would minimize the social cost associated to the chosen combination
of orders. The market and network constraints typical for electricity trading are
considered by the algorithm in the price determination process. The first chapter
also provides the reader with basic knowledge of the trading on the Prague-based
Power Exchange Central Europe. The last chapter contains an empirical analysis
of the spot prices of the Czech and German power markets, which uses vector autoregression
to test the hypothesis of dependance of the development of Czech spot
energy prices on their German counterparts.
Downloadable: Bachelor Theses of Vavrickova




Patria Finance
Česká Spořitelna