Research areas and methods of interest in European intraday electricity market research—A systematic literature review
Dane Birkeland, Tarek AlSkaif
Abstract
This paper establishes a robust foundation for the expansion of European intraday electricity market research through a systematic literature review. The review encompasses 132 primary studies from various libraries, categorizing them based on research area, methodologies, dataset context, and dataset date. The resulting taxonomy identifies six major research groups: Bidding, Market Modeling, Price Forecasting, Market Design, Forecast Errors, and Market Abuse. The analysis of the review results leads to actionable recommendations for future European intraday electricity market research. These recommendations include the utilization of close-to-live datasets to accurately reflect the impacts of the energy transition, the exploration of market abuse in the energy market industry, and the broadening of national electricity market studies beyond Germany. This systematic review aims to benefit various stakeholders, including academic researchers, industry participants, and European regulators, by providing a structured and objective compilation of existing research and offering insights into the identified gaps within the intraday electricity market research landscape.