In a continuous-time framework we study the technology and investment choice problem of a continuous co … flexible technology allowing for such option. Investment is irreversible and flexibility is costly. The problem is solved … determining in the light of future prospects the optimal revision and then playing backward fixing the investment timing rule …

This article analyses the flexibility of the German power market with respect to the integration of an increasing share … of electricity from renewable energy sources. Flexibility limiting system components, which cause negative prices are … negative price bids is explained. Empirical data show the flexibility of conventional generating capacities in Germany during …

This article analyses the flexibility of the German power market with respect to the integration of an increasing share … of electricity from renewable energy sources. Flexibility limiting system components, which cause negative prices are … negative price bids is explained. Empirical data show the flexibility of conventional generating capacities in Germany during …