decentralised energy-only New Electricity Trading Arrangements (NETA) market framework, we compare the two designs in terms of … investment incentives. We review the biases of the Pool capacity payments design, the drought of investment following the …

Motivated by the regulatory debate in electricity markets, we seek to understand how market design affects market … performance through its impact on investment incentives. For this purpose, we study a two-stage game in which firms choose their … investment incentives at the margin are poorer; indeed, under reasonable assumptions on the shape of the demand distribution, the …

This paper examines the redesign of the Irish Single Electricity Market in order to comply with the European Target … Model for electricity. In particular, this work focuses on the challenges raised by the high concentration in the generation … sector which exists in the Irish electricity market. We examine the theoretical and empirical conditions under which forward …

in the electricity networks. The German regulator has proposed new rules for reactive power procurement, which are based …