Flexibility options, such as demand response, energy storage and interconnection, have the
potential to reduce variation in electricity prices between different future scenarios, thereby …

Operating reserve demand curves (ORDCs) have become part of the electricity market
design in several power systems. They improve the security of supply through enhanced …

We consider a stylized model for investment into renewable power plants under long-term
uncertainty. We model risk-averse agents facing heterogeneous weather conditions and a …

The extent to which external factors explain profitability in the energy sector and their
commonalities is largely unknown from the previous literature. We identify three latent …

While capacity remuneration mechanisms are emerging around the globe, a variety of
capacity demand curves is being used. Poorly tuned capacity demand curves can, however …

We study the interplay between coal-fired electric power generator retirements, capacity
markets, and environmental policies. We focus on the Reliability Pricing Model (RPM) …

Capacity mechanisms are gaining momentum in Europe, and the latest EU electricity market
reform further reinforces their role. The negative externalities exerted by these national …

There has been fierce controversy in the literature over the long-run efficiency of the energy-
only market (EOM) design ever since its inception. In this paper, we provide novel insights to …

In interconnected electricity systems dominated by intermittent renewable generation,
resource adequacy assessments need to consider cross-zonal and intertemporal …

This study considers the effects of climate change on the electricity market. For this purpose,
an ARIMAX model and a neural network are used to adjust the demand and generation time …