; Redistribution ; Consumer Surplus ; Producer Surplus ; Wind Power Generation ; Electricity Market Modelling … the redistribution effects of two major electricity policies: support schemes for renewable energy sources, and CO2 … analytical model of electricity markets, and a calibrated numerical model of the Northwestern European integrated power system …

significantly. This paper provides a comprehensive overview of balancing systems in Europe, discusses the role of VRE, and presents … empirical market data from Germany. Despite German VRE capacity doubled during the last five years and has surpassed 70% of peak … household electricity prices. Nevertheless, we identify several sources of inefficiency in control power markets and imbalance …

the redistribution effects of two major electricity policies: support schemes for renewable energy sources, and CO2 … analytical model of electricity markets, and a calibrated numerical model of the Northwestern European integrated power system …

after uncertainties are realized. Both types of generators compete in an electricity market by submitting supply functions … the corresponding market prices in the first and second stages. Our goal is to gain an understanding of how generators …’ (in)flexibility affects their equilibrium behavior and the market price. We also investigate the impact of intermittent …

We discuss the implications of two price zones, i.e. one northern and southern bidding area, on the German electricity … market. In the northern zone, continuous capacity additions with low variable costs cause large regional supply surpluses in … the market dispatch while conventional capacity decreases in the southern zone. As the spatial imbalance of supply and …

Increasing shares of intermittent renewable energies challenge the dominant way to trade electricity ex-ante in forward … imperfections that arise from the delay in price setting and market clearing. Do real-time prices induce an efficient outcome …

German companies view high and uncertain electricity prices a major challenge. A Renewable Energy Pool (RE …-Pool), wherein the favorable conditions of competitive tenders for new wind and solar power projects are passed on to electricity … consumers, could hedge such price risks. Consumers' electricity prices are thus hedged for the share of their consumption that …

field for DG and conventional power generation. Due to the impact of DG on the electricity grid infrastructure, future … adequate consideration, the overall costs of the electricity generation system will be unnecessarily high. The present paper …