We examine the performance attributes of a merchant transmission investment framework that relies on market driven' transmission investment to provide the infrastructure to support competitive wholesale markets for electricity. Under a stringent set of assumptions, the merchant investment model...

1. Introduction -- 2. Electricity distribution networks and decentralisation paradigm -- 3. The evolving role of distribution networks: from network operator to system operator to platform provider -- 4. Regulated charges for access to and utilisation of networks -- 5. Improving efficiency:...

We examine the performance attributes of a merchant transmission investment framework that relies on market driven' transmission investment to provide the infrastructure to support competitive wholesale markets for electricity. Under a stringent set of assumptions, the merchant investment model...

Lack of transmission capacity hampers the integration of the European electricity market, and thereby precludes reaping the full benefits of competition. In this work, we investigate the extent to which transmission grid expansion promotes competition, efficiency and welfare. To this end, we...