This technical appendix of Eisenack and Mier (2019) presents the proofs and calculations (Section 1), and the extension to perfectly correlated generation units (Section 2). See also Eisenack and Mier (2018)

We extend the theory of peak-load pricing by considering that the production with different technologies can be adjusted within their capacity at different speeds. In the established analysis, all production decisions can be made after the random variables realize. In our setting, in contrast,...

We extend the theory of peak-load pricing by considering that the production with different technologies can be adjusted within their capacity at different speeds. In the established analysis, all production decisions can be made after the random variables realize. In our setting, in contrast,...