Decision strategies in sequential power markets with renewable energy

With direct electrification at the core of global decarbonization efforts, it is key for policy makers to adequately evaluate market dynamics in renewable power systems. The ongoing integration energy sources fundamentally changes these dynamics, with variable production profiles, lower marginal costs and increased price volatility. This motivates us study how an increasing supply from impacts decision making intermittent non-intermittent producers sequential forward spot markets. We do this by examining prices volumes observed experimental trading environment that allows vary share a high degree control. results show producers, who can flexibly adjust short-term, retain their profits moving focus find empirical support our validating data German short-term markets 2021 create awareness on convenience yield flexibility systems sources. thereby guides align supporting uptake taking away hurdles faced low-carbon flex technologies.