Finding the generation mix with the lowest total system cost for deep levels of decarbonisation is critical for electricity consumers and taxpayers, who together need to cover the costs of the entire electricity system. MEGS is an electricity system scenario tool designed to explore options to...

Price spikes are of particular importance due to their severe impacts on consumers, businesses and industry. They constitute a major source of price risk to market participants, e.g., electricity retailers with commitments to meet customers' daily electricity demands. To those trading in several...