A concern persistent in scarcity-based market designs for electricity over many years has been the illiquidity of markets for long-term contracts to hedge away volatile price exposures between generators and consumers. These missing markets have been attributed to a range of factors including...

The use of distributed energy resources (DER) programs, which include separate renewable energy (RE) programs, has expanded in residential as well as commercial structures as an outcome of recent technological developments. The virtual power plant (VPP) may improve the security and reliability...

Iran holds the world's second-largest proven oil reserves and fourth-largest gas reserves. However, the heavy reliance on highly subsidized fossil fuel resources, coupled with growing demand, has led to their depletion and increased greenhouse gas (GHG) emissions. This research introduces a...

The development of a country cannot be realized only through the amount of energy it produces and its industrialization. In a country where its people are left homeless and poor, and its cultural and natural riches are destroyed, the electricity produced is not a measure of development on its...

Reductions in gas supply following the Russian invasion of Ukraine have affected the security of supply of the European power system along with other stress factors like low availability of French nuclear reactors. Consequently, more sophisticated approaches to investigate generation adequacy...