We extend existing theoretical frameworks describing electricity markets where each generator provides a Market …

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 …

should be reflected in the setup of future markets, including retail markets and electricity providers’ tariffs. While … incorporate tariffs with a variable capacity price component in our analysis. The latter enables electricity providers to offer …