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...

Currently, most photovoltaic (PV) modules are aligned in a way that maximizes the overall annual yields, which leads to significant peaks in electricity production and could threaten energy policy objectives such as security of supply as well as environmental sustainability. The exploitation of...