Currently, most photovoltaic (PV) modules are aligned in a way that maximizes the overall annual yields, which leads to significant peaks in electricity production and could threaten energy policy objectives such as security of supply as well as environmental sustainability. The exploitation of...

The recent rapid expansion of renewable energy capacities in Germany has been dominated by decentralised wind, photovoltaic (PV) and bioenergy plants. The spatially disperse and partly unpredictable nature of these resources necessitates an increasing exploitation of integration measures such as...

In optimisation models, the characteristic features of capacity investment and dispatch planning of supply technologies are well explored for electricity systems. Little attention to date has been paid to exploring these features in an adequate manner for heat systems. This paper discusses the...

Investment decisions in competitive power markets are based upon thorough profitability assessments. Thereby, investors typically show a high degree of risk aversion, which is the main argument for capacity mechanisms being implemented around the world. In order to investigate the...

The trend towards decentralized energy systems with an emphasis on renewable energy sources (RES) causes increased fluctuations and non-negligible weather-related uncertainties on the future supply side. Stochastic modeling techniques enable an adequate consideration of uncertainties in the...

In electricity markets around the world, the substantial increase of intermittent renewable electricity generation has intensified concerns about generation adequacy, ultimately driving the implementation of capacity remuneration mechanisms. Although formally technology-neutral, substantial...

In this article, cross-border effects of different market design options are analyzed using Switzerland as a case study, which is strongly interconnected to larger neighboring markets. An investigation is conducted with an agentbased model where in one scenario all market designs are represented...