As Europe wants to move towards a secure, sustainable and competitive energy market, it has taken action, amongst other, to support electricity from renewable energy sources (RES-E) and to mitigate CO2 emissions. This paper first qualitatively discusses price- and quantity-based measures for...

Notwithstanding its variability and limited controllability, wind power is expected to contribute strongly to electricity generation from renewable energy sources in the coming decades. Treating wind power as non-dispatchable by subtracting its output from the original load profile, results in a...

Portfolio theory has found its way in numerous applications for optimizing the electricity generation mix of a particular region. Existing models, however, consider typically a single time period and correspondingly do not properly account for actual dispatch constraints and energy sources with...