electricity system. The increased volatility from growing intermittent production requires new sources of flexibility at a much … periods in order to avoid high cost capital investments in accommodating future peak capacity. Curtailable electricity … contracts, this paper employs a discrete choice experiment on a large representative sample of electricity consumers to elicit …

System security in electricity markets relies crucially on the interaction between demand and supply over time. However …, research on electricity markets has been mainly focusing on the supply side arguing that demand is rather inelastic. Assuming … perfectly inelastic demand might lead to delusive statements regarding the price formation in electricity markets. In this …