Decarbonization and electrification will require a transformed electricity grid. Our long-run model of entry and exit of generation and storage capacity captures crucial aspects of the electricity industry such as time-varying demand for electricity, intermittency of renewables, and...

As infrastructures that connect the energy source with the energy use, energy networks constitute a crucial element of national and global energy systems. They also play a key role in helping with balancing supply and demand, thus ensuring that energy is not only available in the right places...

Future electricity systems with tight constraints on carbon emissions will rely much more on wind and solar generation, with zero marginal cost, than today. We use capacity expansion modelling of Texas in 2050 to illustrate wholesale price distributions in future energy-only, carbon-constrained...

Liberalization of network industries frequently separates the network from the other parts of the industry. This is important in particular for the electricity industry where private firms invest into generation facilities, while network investments usually are controlled by regulators. We...

Electricity market reform has fundamentally changed the environment for maintaining reliable and secure power supplies, creating a more integrated and dynamic network environment with new real-time challenges for reliable and secure transmission system operation. But despite these fundamental...

This book assesses experience in reforming electricity markets in OECD countries over the past decade, focusing on the issues that are critical for successful liberalisation. Experiences and examples in the study are drawn mainly from the UK, Australian, Nordic and North Eastern United States...

Contents: Introduction -- Part I - How to trade and transport electricity across national borders? -- 1. Why did we start with electricity markets in Europe? -- 2. Who gets the rights to trade across borders? -- 3. How to calculate border trade constraints? -- 4. Who pays for the network when...

Contents -- Introduction -- Part I Incentive regulation: aligning the interests of the operators with the interests of their customers -- 1. The British reference model / Vincent Rious and Nicolò Rossetto -- 2. Continental incentive regulation / Vincent Rious and Nicolò Rossetto -- Part II...