To ensure security of supply in liberalized electricity markets, different types of capacity mechanisms are currently being debated or have recently been implemented in many European countries. The purpose of this study is to analyze the cross-border effects resulting from different choices on...

The modelling of energy systems often has to balance two aspects. High level of detail, e.g. technical constraints on the one hand and analysis of long-term system optimization on the other. When focusing on one of the two aspects, models can be solved in a reasonable time. In order to combine...

This paper calls into question the fuel neutrality of capacity mechanisms implemented in liberalized electricity markets. The argument relies on two assumptions likely satisfied in practice, first that investors are risk averse and second that markets in risk are incomplete. For the analysis, we...

Renewable energy generation at the point of consumption (i.e., distributed generation) reducesconsumer's electricity expenditure, and eliminates the cost, complexity, and inefficiency associatedwith power transmission and distribution. In this paper, we address the problem of how aconsumer...

This paper addresses the issue of investment in electricity generation in the context of a liberalised market. We use the main results derived from a theoretical model where firms invest strategically to simulate the Spanish electricity system with real-world data. Our results indicate that,...