Control power (regulating power, balancing power) is used to quickly restore the supply-demand balance in power systems. Variable renewable energy sources (VRE) such as wind and solar power are often thought to increase the reserve requirement significantly. This paper provides a comprehensive...

Bottom-up optimization models neglect the inclusion of investment behavior We introduce three investor types that differ in their investment cost specifications, financing costs, and discounting. This leads to a substantially different pace and rate of adoption for specific generation...

The People's Republic of China (PRC) has taken bold actions since 2016 to utilize low-grade industrial excess heat to improve the energy efficiency of district heating systems. This study aims to draw policy insights into the PRC's field experience of overcoming barriers to energy efficiency...