up-to-date overview of key questions in electricity market design and discuss how changes in electricity markets lead to … most challenging economic and societal projects today. Electricity systems of the past were characterized by price …-inelastic demand and only a small number of large electricity generators. The transition towards intermittent renewable energy sources …

electricity spot market price by 14.15 Euros per MWh. The German-Austrian electricity spot market price was affected, with an … increase of 1.72 Euros per MWh through cross-border trade. Hence, the current market integration between France and Germany to …Are nuclear power plant outages in France contagious to the German electricity price? In the case of the extensive …

and monopoly hydropower allocation solutions are presented. Market power utilization potential for hydropower is reduced … periods when the residual demand crosses the inelastic part of thermal supply curve, real potential for market power … hydropower widens as wind market share increases …

function equilibrium (SFE) model of an electricity market with a single lossless, but constrained, transmission line. The …Competition between oligopolist electricity generators is inhibited by transmission constraints. I present a supply … market admits equilibria in which generator withhold energy in order to induce congestion, which further increases their …

Market power in electricity wholesale markets arises when generators have incentives to mark up their offers above the …