This study is based on the recent development of the European energy environment, which experiences a transition from being dominated by conventional energy generation into an increased penetration of renewable energy sources. Today's system operators offer a set of ancillary services, such as...

Germany is among the leading countries regarding the promotion of renewable energy towards a sustainable energy system transition. In this paper, we investigate the German pilot auction scheme for solar photovoltaics introduced in the Renewable Energies Act 2014 (EEG 2104) that serves as a pilot...

In this paper we introduce HECTOR, a new and advanced long-term electricity market model that simulates market behavior bottom-up through opportunistic, variable cost-based bidding of individual power plants into auction-based national markets with international interconnection capacities....