{"id":5739,"date":"2026-03-06T13:00:28","date_gmt":"2026-03-06T12:00:28","guid":{"rendered":"https:\/\/old.neon-energie.de\/?page_id=5739"},"modified":"2026-07-21T13:38:43","modified_gmt":"2026-07-21T12:38:43","slug":"marginal-pricing-merit-order","status":"publish","type":"page","link":"https:\/\/old.neon-energie.de\/en\/marginal-pricing-merit-order\/","title":{"rendered":"Marginal pricing"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column width=&#8221;7\/12&#8243;][vc_column_text]<\/p>\n<h2 style=\"margin-bottom: 35px;\">Marginal pricing<\/h2>\n<p style=\"margin-bottom: 35px;\">Client: Eurelectric<br \/>\nPublished: 2026<\/p>\n<p>The policy debate about electricity market design, marginal pricing, and the \u201cMerit Order\u201d has resurfaced in Europe. Policymakers concerned about electricity prices have proposed state interventions into wholesale markets, resembling the \u201cIberian Mechanism\u201d and a \u201cmarket split\u201d between renewable and fossil generation. For the industry association Eurelectric, we produced a memorandum that presents data on European price levels, explains the mechanics and merits of marginal pricing, and evaluates the proposed interventions \u2014 concluding that markets are functioning as designed and that the proposals would distort prices and undermine investor confidence.<br \/>\n[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/6&#8243;][\/vc_column][vc_column width=&#8221;1\/4&#8243;][vc_column_text]<br \/>\n<img decoding=\"async\" class=\"alignnone\" src=\"https:\/\/old.neon-energie.de\/wp-content\/uploads\/Hirth-300x239.png\" width=\"200\" \/><br \/>\nProf. Dr. Lion Hirth<br \/>\n<a href=\"mailto:hirth@neon.energy\">hirth@neon.energy<\/a><br \/>\n<a href=\"tel:+4915755199715\">+49 157 55 199 715<\/a><br \/>\n[\/vc_column_text][\/vc_column][\/vc_row]<br \/>\n[vc_row][vc_column width=&#8221;1\/3&#8243;][vc_column_text]<br \/>\n<strong>Report<\/strong><br \/>\n<a href=\"https:\/\/old.neon-energie.de\/reports\/Neon-Marginal-Pricing-Merit-Order.pdf\"><img decoding=\"async\" class=\"alignnone\" src=\"https:\/\/old.neon-energie.de\/reports\/Neon-Marginal-Pricing-Merit-Order-Thumb.webp\" width=\"280\" style=\"border: 1px solid #666666;\" \/><\/a><br \/>\n[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/3&#8243;][\/vc_column][vc_column width=&#8221;1\/3&#8243;][vc_column_text]<br \/>\n<strong>Related work<\/strong><br \/>\n<a href=\"https:\/\/old.neon-energie.de\/en\/regionale-grosshandelspreise\/\">Regional wholesale prices<\/a><br \/>\n<a href=\"https:\/\/old.neon-energie.de\/en\/preisspitzen-strommarkt\/\">Price spikes<\/a><br \/>\n<a href=\"https:\/\/old.neon-energie.de\/en\/forward-markets\/\">Cross-border forward markets<\/a><br \/>\n<a href=\"https:\/\/old.neon-energie.de\/en\/courses\/\">Electricity Markets<\/a><br \/>\n<a href=\"https:\/\/old.neon-energie.de\/en\/courses\/\">Grundlagen der Energiewirtschaft<\/a><br \/>\n<a href=\"https:\/\/old.neon-energie.de\/en\/electricity-markets\/\">Electricity Markets<\/a><br \/>\n[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column width=&#8221;7\/12&#8243;][vc_column_text] Marginal pricing Client: Eurelectric Published: 2026 The policy debate about electricity market design, marginal pricing, and the \u201cMerit Order\u201d has resurfaced in Europe. Policymakers<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":12,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inline_featured_image":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"class_list":["post-5739","page","type-page","status-publish","hentry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/old.neon-energie.de\/en\/wp-json\/wp\/v2\/pages\/5739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/old.neon-energie.de\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/old.neon-energie.de\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/old.neon-energie.de\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/old.neon-energie.de\/en\/wp-json\/wp\/v2\/comments?post=5739"}],"version-history":[{"count":11,"href":"https:\/\/old.neon-energie.de\/en\/wp-json\/wp\/v2\/pages\/5739\/revisions"}],"predecessor-version":[{"id":6554,"href":"https:\/\/old.neon-energie.de\/en\/wp-json\/wp\/v2\/pages\/5739\/revisions\/6554"}],"wp:attachment":[{"href":"https:\/\/old.neon-energie.de\/en\/wp-json\/wp\/v2\/media?parent=5739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}