decentralised energy-only New Electricity Trading Arrangements (NETA) market framework, we compare the two designs in terms of …

security of electricity supply will be affected by the heavily subsidised expansion of electricity generation from renewable … energies, as electricity generation from renewable energies is much more fluctuating and, therefore, less reliable than … conventional electricity generation plants. The key question is whether capacity mechanisms are needed to complement or even to …

Security of supply in electricity is questioned in liberalised markets as it is often characterised as a public good …

electricity market. Investment decisions are fundamentally based on total revenues gained by investors. In most electricity … characteristics of electricity market such as, long-term firms’ behavior and relationships between variables, feedbacks, and time … electricity market with different capacity mechanisms, a case study is presented which exhibits the effectiveness of the proposed …

-temporary market failure in the German wholesale electricity market which could justify such a Government intervention. Neither the low … resilient signs of any shortage of supply. In contrast, the German wholesale electricity market is still characterized by over … that dominant firms must not offer electricity at a price above the short-run marginal cost. Such a prescription forecloses …