ZOETTL, Gregor - Center for Operations Research and Econometrics (CORE), … - 2008
. Since investment decisions for those markets are taken in the long run, fluctuating demand at the spot market eventually … the long
run, fluctuating demand at the spot market eventualy gives rise to high price spikes in case of
binding ….
Keywords: Investment incentives, price caps, fluctuating demand, electricity markets.
JEL Clasification: D43, L13, D41, D42, D …