paradigm shift in how long-term resource adequacy is determined for an electricity supply industry with significant … intermittent renewables. An alternative approach to determining long-term resource adequacy that explicitly recognizes the …

Generating electricity from renewable sources is more expensive than conventional approaches, but reduces pollution … externalities. Analyzing the tradeoff is much more challenging than often presumed, because the value of electricity is extremely … dependent on the time and location at which it is produced, which is not very controllable with some renewables, such as wind …

' transmission investment to provide the infrastructure to support competitive wholesale markets for electricity. Under a stringent … monopoly problem traditionally associated with electricity transmission networks. We extend the merchant investment model to … incorporate imperfections in wholesale electricity markets, lumpiness in transmission investment opportunities, stochastic …

electricity, intermittency of renewables, and intertemporal optimization of storage. We derive several theoretical possibilities … can decrease renewable capacity; cheaper renewables can increase carbon emissions; and an increase in electricity demand …Decarbonization and electrification will require a transformed electricity grid. Our long-run model of entry and exit …

current levels of annual investment are well below what would be required for a renewables-dominated system. We describe a …Encouraged by the declining cost of grid-scale renewables, recent analyses conclude that the United States could reach … renewable generation has declined dramatically, integrating these renewables would require a large expansion in transmission to …

Future electricity systems with tight constraints on carbon emissions will rely much more on wind and solar generation … demand response, long-duration energy storage, dispatchable low-carbon generation, or a robust market for hydrogen for non-electricity … incentives for optimal investment in VRE generation and, particularly, storage. In order to encourage economy …

continued prevalence: unlike in high-income countries, where regulatory mandates require utilities to satisfy all electricity … demand, utilities in developing countries respond to wholesale electricity prices. As a result, misallocation of output … across power plants can decrease the quantity of electricity supplied to end-users. We provide empirical support for this …

In an unregulated electricity generation market, the degree to which generators in" different locations compete with … one another depends on the capacity to transmit electricity" between the locations. We study the impact of transmission …" in spurring competition and the actual electricity that flows on the line. We then investigate the" equilibria that are …

India, seeking to reduce electricity shortages, set up a new power market, in which transmission constraints sharply … increases market surplus by 19 percent, enough to justify the investment, because low-cost sellers increase supply in response …

to self generate electricity, to purchase intermediate goods that it used to produce directly, or to improve its …-growing demand coupled with regulated electricity prices led to blackouts that varied in degree over location and time. Our data …. We estimate the losses in productivity due to factor-neutral and factor-biased effects of electricity scarcity. Our …