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 …

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 …

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 …

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 …

substantial changes in the supply, demand, and distribution of electricity but also in stakeholder roles. Future market designs … paper reviews the characteristics of future carbon-neutral electricity systems and electricity market design options. To …The electricity sector plays a key role in achieving zero-emission targets. The required transition will lead to …

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 …

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 …