. We focus on Spain and Germany due to the relative abundance of their country-specific renewable electricity sources … (solar for Spain and wind for Germany). We develop an electricity market model that allows for cross-border electricity …Renewable electricity plays an increasingly important role in the effort to reduce CO2 emissions in the electricity …

An important question in the dynamic European wholesale markets for electricity is whether to define the geographical … particular true for Belgium, but also for The Netherlands, France, and to some extent also for Germany and Austria. We call this …

Electricity is not storable. As a consequence, electricity demand and supply need to be in balance at any moment in … in line with the theory of storage. We find the opposite; futures prices from markets with flexible power supply behave … according to the expectations theory. The implicit view from futures prices is that flexibility is not a substitute for …