Dr. Emil Kraft

Scope of Research

  

  • Market design for system adequacy and security of supply
  • System and market integration of renewable energies
  • Modeling of power and energy markets
  • Decisions under uncertainty in energy economics

Projects

  • C/sells: www.csells.net, www.csells.kit.edu (finished 06/2021)
  • ENSURE, Phase II (https://www.kopernikus-projekte.de/projekte/neue-netzstrukturen)

Teaching

  • Lecture "Energy Trading and Risk Management" (summer term 2019 - today)
  • Assistent of Lecture "Liberalised Power Markets" (winter term 2017/18 - winter term 2021/22)
  • Supervision of Bachelor and Master Theses (check current announcements)
  • Supervision of the Seminar "Energiewirtschaft II" (Energy Economics II)

Publications


Neue Handlungsräume - Energiezellen agieren miteinander
Lehmann, N.; Kraft, E.; Ardone, A.; Fichtner, W.; Klempp, N.; Idlbi, B.; Huber, J.; Kießling, A.
2020. 1,5°Csellsius: Energiewende zellulär - partizipativ - vielfältig umgesetzt. Hrsg.: B. Haller, 108–124, Smart Grids-Plattform
Decision-making under uncertainty in short-term electricity markets. PhD dissertation
Kraft, E.
2022, April 26. Karlsruher Institut für Technologie (KIT). doi:10.5445/IR/1000145121
Stochastic optimization of trading strategies in sequential electricity markets
Kraft, E.; Russo, M.; Keles, D.; Bertsch, V.
2022. European Journal of Operational Research, 308 (1), 400–421. doi:10.1016/j.ejor.2022.10.040
On the Role of Risk Aversion and Market Design in Capacity Expansion Planning
Fraunholz, C.; Miskiw, K. K.; Kraft, E.; Fichtner, W.; Weber, C.
2023. The Energy Journal, 44 (3). doi:10.5547/01956574.44.2.cfra
Short-term risk management of electricity retailers under rising shares of decentralized solar generation
Russo, M.; Kraft, E.; Bertsch, V.; Keles, D.
2022. Energy Economics, 109, Artikel-Nr.: 105956. doi:10.1016/j.eneco.2022.105956
Advanced price forecasting in agent-based electricity market simulation
Fraunholz, C.; Kraft, E.; Keles, D.; Fichtner, W.
2021. Applied energy, 290, 116688. doi:10.1016/j.apenergy.2021.116688
Modelling of Frequency Containment Reserve Prices with Econometrics and Artificial Intelligence
Kraft, E.; Keles, D.; Fichtner, W.
2020. Journal of forecasting, 39 (8), 1179–1197. doi:10.1002/for.2693
Impact of demand response on resource adequacy due to an early coal phase-out in Germany
Zimmermann, F.; Weiskopf, T.; Kraft, E.
2023. 2023 19th International Conference on the European Energy Market (EEM), 1–9, Institute of Electrical and Electronics Engineers (IEEE). doi:10.1109/EEM58374.2023.10161929
Angemessenheit der Erzeugungskapazitäten in Deutschland bei einem Kohleausstieg im Jahr 2030
Zimmermann, F.; Kraft, E.; Beranek, J.; Fichtner, W.
2023. Proceedings zur 13. Internationalen Energiewirtschaftstagung an der TU Wien
Modeling the Dispatch of Electrolyzers Using Agent-based Electricity Market Simulation
Zimmermann, F.; Kraft, E.; Fichtner, W.
2022. 18th International Conference on the European Energy Market (EEM), 1–10, Institute of Electrical and Electronics Engineers (IEEE). doi:10.1109/EEM54602.2022.9921118
Investitionsplanung unter Unsicherheit – Ein agentenbasierter Ansatz für liberalisierte Strommärkte
Miskiw, K. K.; Fraunholz, C.; Kraft, E.
2021. 12. Internationale Energiewirtschaftstagung, IEWT: Das Energiesystem nach Corona: Irreversible Strukturänderungen - Wie?. 8. - 10. September 2021, Karlsplatz & Online, TU Wien
Klassifizierung und Bewertung von Aggregationsstrategien für heutige und zukünftige Geschäftsmodelle
Kraft, E.; Lehmann, N.; Huber, J.; Poplavskaya, K.
2020. Tagung Zukünftige Stromnetze, Berlin, 29 - 30 Januar 2020, 291–309, Conexio
On the Impact of Voluntary Bids in Balancing Reserve Markets
Kraft, E.; Ocker, F.; Keles, D.; Fichtner, W.
2019. 16th International Conference on the European Energy Market (EEM 2019), Ljubljana, SLO, September 18-20, 2019, 1–6, Institute of Electrical and Electronics Engineers (IEEE). doi:10.1109/EEM.2019.8916455
Netzdienlicher Handel als Element des zellulären Energiesystems am Beispiel des Altdorfer Flexmarkts (ALF)
Zeiselmair, A.; Köppl, S.; Estermann, T.; Lehmann, N.; Kraft, E.; Klempp, N.
2019. 11. Internationale Energiewirtschaftstagung an der TU Wien, Wien, Österreich, 13. - 15. Februar 2019
Forecasting of Frequency Containment Reserve Prices Using Econometric and Artificial Intelligence Approaches
Kraft, E.; Rominger, J.; Mohiuddin, V.; Keles, D.
2019. 11. Internationale Energiewirtschaftstagung an der TU Wien, Vienna, Austria, 13. - 15. Februar 2019
Definition von Flexibilität in einem zellulär geprägten Energiesystem
Lehmann, N.; Kraft, E.; Duepmeier, C.; Mauser, I.; Förderer, K.; Sauer, D.
2019. Zukünftige Stromnetze 2019 : 30./31. Januar 2019 in Berlin, 459–469, Conexio
Analysis of Bidding Strategies in the German Control Reserve Market
Kraft, E.; Keles, D.; Fichtner, W.
2018. 15th International Conference on the European Energy Market (EEM), Lódz, PL, November 27-29, 2018, Institute of Electrical and Electronics Engineers (IEEE). doi:10.1109/EEM.2018.8469903
Steelmaking Technology and Energy Prices: The Case of Germany
Britto, A.; Kraft, E.; Dehler-Holland, J.
2022. Karlsruher Institut für Technologie (KIT). doi:10.5445/IR/1000153214
On the Role of Risk Aversion and Market Design in Capacity Expansion Planning
Fraunholz, C.; Miskiw, K. K.; Kraft, E.; Fichtner, W.; Weber, C.
2021. Karlsruher Institut für Technologie (KIT). doi:10.5445/IR/1000140411
Vielfalt ermöglichen und optimal nutzen: Über die Nutzbarmachung und Vermarktung von Flexibilität auf parallel existierenden Märkten
Kraft, E.; Lehmann, N.; Klempp, N.; Huber, J.; Hijjo, M.; Göhler, G.; Beitsch, D.; Heising, S.; Kießling, A.; Lachmann, Y.
2021. Smart Grids-Plattform Baden-Württemberg e.V. doi:10.5445/IR/1000134461
Stochastic Optimization of Trading Strategies in Sequential Electricity Markets
Kraft, E.; Russo, M.; Keles, D.; Bertsch, V.
2021. Karlsruher Institut für Technologie (KIT). doi:10.5445/IR/1000134346
Short-term Risk Management for Electricity Retailers Under Rising Shares of Decentralized Solar Generation
Russo, M.; Kraft, E.; Bertsch, V.; Keles, D.
2021. Karlsruher Institut für Technologie (KIT). doi:10.5445/IR/1000134345
1,5°Csellsius: Energiewende zellulär - partizipativ - vielfältig umgesetzt
Ardone, A.; Ahrens, M.; Düpmeier, C.; Fichtner, W.; Hubschneider, S.; Keles, D.; Kraft, E.; Lehmann, N.; Leibfried, T.; Schmeck, H.
2020. (B. Haller, O. Langniß, A. Reuter, N. Spengler & Autoren: siehe Autorenverzeichnis, seitens KIT:, Eds.), Smart Grids-Plattform
The Merge of Two Worlds: Integrating Artificial Neural Networks into Agent-Based Electricity Market Simulation
Fraunholz, C.; Kraft, E.; Keles, D.; Fichtner, W.
2020. Karlsruher Institut für Technologie (KIT). doi:10.5445/IR/1000122364
Impact of weather years on the investment decisions in agent-based modeling
Weiskopf, T.; Kraft, E.; Zimmermann, F.
2023, August 30. International Conference on Operations Research (OR 2023), Hamburg, Germany, August 29–September 1, 2023
The long-term impact of increased fossil fuel prices and market design on the market values of renewable generation
Weiskopf, T.; Zimmermann, F.; Kraft, E.
2023, July 25. 18th IAEE European Conference "The Global Energy Transition Toward Decarbonization" (2023), Milan, Italy, July 24–27, 2023
Disruptive Events within the RESUR Project: Identification and Modeling – Helmholtz platform for the design of robust energy systems and their supply chains
Dickler, S.; Ardone, A.; Poganietz, W.-R.; Ross, A.; Weinand, J.; Zapp, P.; Shamon, H.; Rösch, C.; Haase, M.; Kraft, E.; Kebrich, S.; Kullmann, F.; Kleinebrahm, M.; Hoffmann, J.; Vögele, S.; Goerge, M.
2023. Helmholtz Energy Conference (2023), Koblenz, Germany, June 12–13, 2023
The Agent-based Electricity Market Model PowerACE
Zimmermann, F.; Beranek, J.; Kraft, E.; Signer, T.; Weiskopf, T.
2023, February 1. 1st International Workshop on “Agent-based Modeling for Energy Economics and Energy Policy" (2023), Stuttgart, Germany, February 1, 2023
Effects of price-making and portfolio size in stochastic optimization of trading in sequential electricity markets
Kraft, E.; Miskiw, K. K.; Fleten, S.-E.
2023. 13. Internationale Energiewirtschaftstagung (IEWT 2023), Wien, Österreich, February 15–17, 2023
Einsatz von Strommarktmodellen zur Untersuchung der Versorgungssicherheit in Europa
Beranek, J.; Kraft, E.; Zimmermann, F.
2023, February 16. 13. Internationale Energiewirtschaftstagung (IEWT 2023), Wien, Österreich, February 15–17, 2023
Trading strategies for battery storages in reserve and spot markets under uncertainty
Kraft, E.; Bakker, S. J.; Fleten, S.-E.; Fichtner, W.
2022, June 29. European Conference on Stochastic Optimization - Computational Management Science Conference (ECSO-CMS 2022), Venice, Italy, June 29–July 1, 2022
Multi-Stage Stochastic Optimization of Trading Flexibility on Nested Electricity Markets: Trading Strategies for Balancing Reserve Markets
Kraft, E.; Russo, M.; Keles, D.; Bertsch, V.
2020, September 9. 9th International Ruhr Energy Conference: Climate Finance and Energy Markets (INREC 2020), Online, September 9–10, 2020
Modelling of Frequency Containment Reserve Prices with Econometrics and Artificial Intelligence
Kraft, E.; Keles, D.; Fichtner, W.
2019, May 23. 7th International Symposium on Environment and Energy Finance Issues (ISEFI 2019), Paris, France, May 23–24, 2019
Modelling of Control Reserve Prices with Econometrics and Artificial Intelligence
Kraft, E.; Keles, D.
2019, June 24. 30th European Conference on Operational Research (EURO 2019), Dublin, Ireland, June 23–26, 2019