Optimal capacity allocation for investments in electricity generation assets can be deterministically derived by … perspective. Because existing literature on MVP applications in electricity generation markets uses predominantly numerical … demonstrate an application of the proposed framework and results to the German electricity market which has not yet been treated …

Electricity market models, implemented as dynamic programming problems, have been applied widely to identify possible … pathways towards a cost-optimal and low carbon electricity system. However, the joint optimization of generation and … exchanges of electricity in meshed networks. This paper presents a methodology that allows to optimize power generation and …

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 …

We consider an electricity market organized with two settlements: one for a pre-delivery (day-ahead) market and one for … design of the electricity market influence the efficiency of the dispatch, measured by expected total cost or social welfare …

production capacity. In a zonal pricing electricity market, the one proposed by the European Commission to integrate the European … electricity markets, I analyze the effects that investments in transmission and production capacity have on consumer welfare and …

therefore analyze the drivers of restricted participation in the German intraday auctin which is a short-term electricity market … with quarter-hourly products. Applying a fundamental electricity market model with 15-minute temporal resolution, we …

Competition between oligopolist electricity generators is inhibited by transmission constraints. I present a supply … function equilibrium (SFE) model of an electricity market with a single lossless, but constrained, transmission line. The …

Market power in electricity wholesale markets arises when generators have incentives to mark up their offers above the …