The aim of this paper is to present selected results achieved by the Member States of the EU in the context of the recent global and European strategies oriented toward enhancement of the role of renewable energy sources and on mitigation of negative climate changes in the Earth. Special...

Many countries have a clear policy objective of increasing their share of renewable energy sources (RESs). However, a major impediment to higher RES penetration often lies in the historically grown structures of a country's electricity sector. In Indonesia, policymakers have relied on cheap...

We develop an analytical model to derive the competitive market equilibrium for electricity spot and reserve markets under stochastic demand and uncertain renewable electricity generation. We then derive the welfare-optimal provision of reserves. At rst-best, cost of reserve capacity is balanced...