as their roles in terms of adding flexibility to renewable-rich systems and carbon abatement. We also identify challenges …

-loop pricing can almost match the efficiency of closed-loop adaptive pricing in settings with limited system flexibility. We find … schemes in retail electricity markets. …

that actively participate in markets, offering flexibility to balance variable electricity supply in markets with a high … up-to-date overview of key questions in electricity market design and discuss how changes in electricity markets lead to … most challenging economic and societal projects today. Electricity systems of the past were characterized by price …