Electricity market models, implemented as dynamic programming problems, have been applied widely to identify possible … pathways towards a cost-optimal and low carbon electricity system. However, the joint optimization of generation and … established electricity market models implemented in a linear programming environment that are suitable for solving large …

This paper sets forth a novel approach to calculate the levelized cost of electricity (LCOE) using a probabilistic …

In most Western countries, the power grid provides electricity more than 99% of the time. To maintain reliability at … customers of electricity cannot switch from one distribution network to another, no economic incentive exists that matches the …

Investment opportunities in electric power generation have changed dramatically since electricity industry …

In the last few decades, electricity markets have undergone extensive reforms. A process of liberalizing electricity …. We develop a two-stage model for the Iberian Electricity Market, where the choice of the capacity construction occurs in … the first-stage, before electricity demand is known, and the optimal outputs and daily equilibrium prices are obtained in …

efficiency of the power system, making better use of the generation and transport electricity chain, thus avoiding over …), generating opposition. On the contrary, the present paper proposes a TOU system for electricity consumption in Chile where …