Renewable electricity procurement auctions (RE auctions) have received much attention for their potential efficiency in reducing the cost of support levels associated with renewable electricity (RE). However, very little attention has been paid to their impact on financing costs. This is...

Over the coming decades, Kenya is likely to see a large increase in electricity demand driven by economic growth and wider electrification of different sectors. At the same time, Kenya remains committed to maintain its high share of renewable generation. This study proposes a novel framework to...

Market policies play a crucial role in facilitating the transition to a low-carbon society by restructuring the electricity market and influencing stakeholder behavior. Policymakers are concerned with how to implement these policies in terms of their intensity, combination, and timing. However,...

Market players in the energy sector transition are heterogeneous, have bounded rationality and are influenced by their own past failures, as well as imitating the successes of their competitors. However this agent heterogeneity and complex behaviour in investment choices is not taken into...

Deep decarbonization of the global electricity sector is required to meet ambitious climate change targets. This underlines the need for improved models to facilitate an understanding of the global challenges ahead, particularly on the concept of large-scale interconnection of power systems....

Most studies that examine -neutral, or near -neutral, power systems by using energy system models investigate Europe or the United States, while similar studies for other regions are rare. In this paper, we focus on the Middle East and North Africa (MENA), where weather conditions, especially...

Participation of nondispatchable renewable energy resources (RER) such as wind turbines (WT) and photovoltaic (PV) systems is one of the main challenges of these clean energy resources. Due to the uncertain nature of these resources, predictions of their amount of power in the day-ahead market...

Electric vehicles (EVs) are expected to provide substantial potential for demand response (DR) and, thus, the integration of renewable electricity sources in the future energy system. However, DR can also have noticeable negative consequences, so-called avalanche effects. We systematically...

Decentralized systems seeking to balance electricity supply and demand regionally are increasingly being discussed. Regional flexibility concepts, however, require spatially and temporally highly resolved knowledge. To provide this, we investigate the 2030 demand, supply, and demand-side...

Photovoltaic (PV) has been regarded as the most promising, technically viable large-scale renewable energy source for a sustainable society. However, as the demand for solar energy is generally rising, the world needs to fundamentally reconsider the development of PV generation technology. The...