The diffusion of renewable electricity generating technologies is widely considered as crucial for establishing a … sustainable energy system in the future. However, the required transition is unlikely to be achieved by market forces alone. For … costs among all electricity consumers. This paper presents a novel history-friendly agent-based study aiming to explore the …

The European electricity market design is based on zonal markets with uniform prices. Locational price signals within … distortions of the electricity market, both in the short- and in the long-term.In this paper, we study these distortions with a … and investment model of the European electricity system and gradually restrict the allowed expansion of the transmission …