We develop an analytical model to derive the competitive market equilibrium for electricity spot and reserve markets … reserves. At rst-best, cost of reserve capacity is balanced against expected cost of outages. The rst-best market equilibrium … under stochastic demand and uncertain renewable electricity generation. We then derive the welfare-optimal provision of …

Planning -- Electricity Transport and Storage -- Regulation: Grids and Environment -- Simple Electricity Market Equilibrium … Models -- Markets: Organisation, Trading and Efficiency -- Imperfect Competition and Market Power -- Electricity Markets in … numerical modeling. Furthermore, the book discusses the policy instruments and design choices for electricity market regulation …

substantial operational cost savings and reducing marginal power prices in the majority of European countries. -- Power market …Integrating large quantities of supply-driven renewable electricity generation remains a political and operational … deal with the insufficient network capacity and the congestion that will result from new flow patterns. We model the …

We develop an analytical model to derive the competitive market equilibrium for electricity spot and reserve markets … reserves. At first-best, cost of reserve capacity is balanced against expected cost of outages. The first-best market … under stochastic demand and uncertain renewable electricity generation. We then derive the welfare-optimal provision of …

- and long-run electricity market equilibrium. While conventional and renewable technologies have fixed positions in the …. In a long-term partial electricity market equilibrium, this implies more complicated patterns of operational cash flows …Growing shares of renewable energy sources (RES) in the electricity system increase the need for flexible balancing of …

Renewable energy sources (RES) play an increasing role in many electricity systems thanks to climate and support … analyze the role of RES in electricity markets focusing on the interplay of investment and dispatch decisions under different … levels of market competitiveness and different support schemes; namely, feed-in tariff, feed-in premium, and investment …

Integrating large quantities of supply-driven renewable electricity generation remains a political and operational … deal with the insufficient network capacity and the congestion that will result from new flow patterns. We model the … within countries, and that a nodal price regime could make fuller use of existing EU network capacity, introducing …