common-price benchmark, an increase in total capacity, and convergence toward the welfare optimum. -- Electricity …We propose a price-cap mechanism for electricity-transmission expansion based on redefining transmission output in … investment pattern that relieves congestion, increases welfare, augments the Transco´s profits, and induces convergence of prices …

Electricity transmission has become the pivotal industry segment for electricity restructuring. Yet, little is known …-world transmission expansion. -- Electricity transmission ; cost function ; incentive regulation ; merchant investment ; congestion … management …

substantial operational cost savings and reducing marginal power prices in the majority of European countries. -- Power market …Integrating large quantities of supply-driven renewable electricity generation remains a political and operational … deal with the insufficient network capacity and the congestion that will result from new flow patterns. We model the …

The interdependence of electricity and natural gas is becoming a major energy policy and regulatory issue in all … jurisdictions around the world. The increased role of gas fired plants in renewable-based electricity markets and the dependence on … gas imports make this issue particular striking for the European energy market. In this paper we provide a comprehensive …