Investment decisions in competitive power markets are based upon thorough profitability assessments. Thereby, investors typically show a high degree of risk aversion, which is the main argument for capacity mechanisms being implemented around the world. In order to investigate the...

Electricity markets are currently going through a phase of agitating transition, which is mainly characterized by an increasing share of fluctuating renewable energies. Among policy makers, this has led to growing concerns about generation adequacy and often to the introduction of different...

In Europe, the ongoing renewable expansion and delays in the planned grid extension have intensified the discussion about an adequate electricity market design. Against this background, we jointly apply an agent-based electricity market model and an optimal power flow model to investigate the...

Energiewende und europäische Energieunion stellen neue Anforderungen an die Stromnetze. Damit drohen hohe Kosten und zusätzliche Gefahren für die Netzstabilität durch anhaltende Netzengpässe. Anpassungen des Marktdesigns können dem entgegenwirken. Diese Stellungnahme stellt fünf...