empirical market data from Germany. Despite German VRE capacity doubled during the last five years and has surpassed 70% of peak … household electricity prices. Nevertheless, we identify several sources of inefficiency in control power markets and imbalance …

Introduction -- Fundamentals of Energy and Power Systems -- Energy Demand -- Electricity Generation and Operational … 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 …