7-Energiemärkte

[di8007]

Recommended, a small description about Merit order concepts. Figures 3 (seite 4), and figures 5, 6 (seite 7) need more description for better understanding. Related questions for example:

• What major change in the energy market structure occurred in the 1980s, leading to increased competition?

I. State control of energy generation. II. Legal unbundling and liberalization. (true) III. Vertical integration of energy providers.

• What does the Merit order refer to in energy markets?

I. A system of government subsidies for energy production. II. Hierarchical arrangement of power plant dispatch based on the costs. (true) III. An auction process for renewable energy sources.

• What is the main difference between the Day-Ahead Market and the intraday market?

I. Day-Ahead trades for the current day, while Intraday is for the next day. (true) II. Day-Ahead is continuous trading, while Intraday involves auctions. III. Day-Ahead is for spot trading, while Intraday involves futures.

[JuliaHeiken]

What is unclear for the figures? Can you provide a description for what is missing in your opinion?