Bertsch, Joachim; Brown, Tom; Hagspiel, Simeon; Just, Lisa - 2015
The European electricity market design is based on zonal markets with uniform prices. Locational price signals within … distortions of the electricity market, both in the short- and in the long-term.In this paper, we study these distortions with a … and investment model of the European electricity system and gradually restrict the allowed expansion of the transmission …