Reliability in electricity markets is, in many respects, a public good, in that one supplier’s failure to meet its … blackout externality is a reserve requirement, where load-serving entities have capacity on hand to meet demand in the case of … negative function of capacity reveals that a benefit of capacity requirements is that covering their costs imposes a tax on …

This paper analyzes the dynamic behavior of day-ahead spot prices in the German electricity spot market due to positive …

A summary of public policy support for renewable energy in electricity generation -- Problems afflicting renewable … energy in electricity generation -- Central rationales for policy support for renewables : a review -- Some implications of …