Former generation capacity expansion models were formulated as optimization problems. Theseincluded a reliability criterion and hence guaranteed security of supply. The situation is differentin restructured markets where investments need to be incentivised by the margin resulting fromelectricity...

The inception of the Emission Trading System in Europe (EU-ETS) has made power price moreexpensive. This affects the competitiveness of electricity intensive industrial consumers and mayforce them to leave Europe. Taking up of a proposal of the industrial sector, we explore thepossible...