to compare important effects of three basic policies. A strategic reserve policy and a capacity market policy with … transition towards renewable energies has brought a discussion on capacity policies to Europe. We use a partial equilibrium model … administratively set capacity targets, and the obligation of generators to hold certificates of reliable capacities in relation to …

We develop a game-theoretic electricity market model that allows analyzing strategic electricity storage in an … storage operation. We find that introducing storage generally smoothes conventional generation patterns and market prices and … imperfect market setting. We apply the model to Germany and examine different cases of strategic and non-strategic pumped hydro …

The German decision to finally phase-out nuclear electricity has led to a debate on its effects on electricity prices …, emission prices in the European emission trading system, as well as on international electricity trade. We investigate these … effects with a Electricity market model for Europe with investments in power plants under oligopolistic conditions in Germany …

model is balanced via a market clearing for the electricity as well as CO2 market. The equilibrium solution is subject to … constraints on CO2 emissions and renewable generation share. We apply the model to a case study of the UK Electricity Market …This paper presents a general electricity-CO2 (ELCO) modeling framework that is able to simulate interactions of the …

assess the impact on trading volumes/liquidity, prices, as well as market depth. We discuss further opportunities and …A fundamental question regarding the design of electricity markets is whether adding auctions to the continuous … intraday trading is improving the performance of the market. To approach this question, we assess the experience with the …

market model to analyze the impact of uncertain wind generation on the different electricity markets as well as network … of the electricity markets is incorporated by a rolling planning procedure reflecting the market regime of European … planning of generators and cannot not be fully diminished by wind forecasts. In this paper we develop a stochastic electricity …

We employ a detailed two-stage model to simulate the operation of the Central Eastern European electricity market and … network. Implementing different cases of coordination in congestion management between national transmission system operators … information, cross-border counter-trading, and multilateral redispatch in a flow-based congestion management framework. Efficiency …

, we test this intuition by simulating long-run electricity market equilibria with carbon-tax-induced VRE investment and …Common intuition holds that retail real-time pricing (RTP) of electricity demand should become more beneficial in … markets with high variable renewable energy (VRE) supply mainly due to increased price volatility. Using German market data …

analysis, we use an electricity market model with a detailed representation of power plants, scheduled power withdrawals and …The European electricity system is undergoing significant changes, not only with respect to developments in generation … by regulators, network operators and the European Commission with the objective to create an \Internal Energy Market". In …