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Markets and Electricity Trading from Renewable Sources in EU
Pěcha, Jiří ; Čambala, Petr (referee) ; Macháček, Jan (advisor)
The submitted diploma thesis describes particular types of European energetic exchanges, focuses in depth on principles market in Czech Republic and studies the price development on spot and futures markets. The main idea of this work is to focus on renewable energy sources (RES) and their influence on energetic markets. At first, operational and reliability properties of RES are explained and then their development support is analyzed. Last chapters focus on how the power grid is impacted by RES that are hardly predictable source with local production characteristic. There are also outlined problems originating from irregular production that are linked to a surplus of electric energy, but also on energy shortage caused by bad weather. These problems influence international commerce and reduce the capacity of cross-border profiles.
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Integrace elektroenergetických trhů ve střední Evropě v právním rámci Energetické unie
Farkač, Pavel ; van Koten, Silvester (advisor) ; Pekárek, Štěpán (referee)
This paper examines the possibilities for further integration of day-ahead electricity market in Central Europe. The contemporary situation is locked due to the existence of the German-Austria bidding zone. However, compliance of this bidding zone with European legislative is questionable. Therefore, the author makes a thorough legal analysis to assess the compatibility of both analysed projects for market coupling with the recent legal development in the European Union. Further, the examined projects are technically deconstructed in order to evaluate their conformity or differences between each other as well as in relation towards the EU Target Model. It is assessed, that both projects are relatively well technically compatible, however, their merger is not possible until the definite and binding decision on the issue of German-Austrian bidding zone will be found.
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Markets and Electricity Trading from Renewable Sources in EU
Pěcha, Jiří ; Čambala, Petr (referee) ; Macháček, Jan (advisor)
The submitted diploma thesis describes particular types of European energetic exchanges, focuses in depth on principles market in Czech Republic and studies the price development on spot and futures markets. The main idea of this work is to focus on renewable energy sources (RES) and their influence on energetic markets. At first, operational and reliability properties of RES are explained and then their development support is analyzed. Last chapters focus on how the power grid is impacted by RES that are hardly predictable source with local production characteristic. There are also outlined problems originating from irregular production that are linked to a surplus of electric energy, but also on energy shortage caused by bad weather. These problems influence international commerce and reduce the capacity of cross-border profiles.
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Determinants influencing electricity prices
Plšíková, Kristína ; Buus, Tomáš (advisor) ; Krejcar, Rostislav (referee)
The aim of this work is to characterize the main determinants influencing the development of electricity prices. Beginnings are dedicated to the description of regulated elements of electricity bill and their development over the last period. The second part deals with power electricity and its development in the spot and futures market. The paper describes the emergence of energy prices on the market and the main determinants affecting the supply and demand curves, such as the price of emission allowances, increasing production from renewable energy and the price of energy raw materials. Part of the work is also analysis of the impact of market coupling on the market price of electricity daily market. The conclusion is devoted to seasonal fluctuations in electricity prices representing the time series.
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