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Uncertainty in the energy sector of Pakistan has contributed to the necessity of effective electricity planning that can minimize given market risks and discourage the use of stand-alone generating costs. To this end, this paper leverages the mean-variance portfolio theory to design an efficient...
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understanding of the impact of flexibility on efficient VRE deployment, this work may facilitate an efficient transition process. …
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This article analyses the flexibility of the German power market with respect to the integration of an increasing share … of electricity from renewable energy sources. Flexibility limiting system components, which cause negative prices are … negative price bids is explained. Empirical data show the flexibility of conventional generating capacities in Germany during …
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