Motivated by the European movement towards a separation of electricity networks from the
competitive functions generation and supply this paper reviews theoretical and empirical …

Average market prices for intermittent generation technologies are lower than for
conventional generation. This has a technical reason but can be exaggerated in the …

Current discussion about how to reform European support schemes for renewable electricity
neglects certain risks of market power in wholesale electricity markets. In a stylized Cournot …

Renewable portfolio standard (RPS) with tradable green certificate (TGC) scheme has
important influences on the market equilibrium outcomes and generation firms' strategic …

Motivated by the movement towards vertical unbundling in Europe this study measures the
economies of scope for the US electricity industry based on a multi-stage cost function. The …

This paper investigates generators' strategic behaviors in contract signing in the forward
market and power transaction in the electricity spot market. A stochastic equilibrium program …

За последние двадцать лет область корпоративных финансов претерпела громадные
изменения как в плане теории, так и эмпирических исследований. Если раньше она …

Participants in electricity markets face a substantial amount of uncertainty, and with
increased penetration of volatile renewable generation this uncertainty has further …

Regulators in Belgium and the Netherlands use different mechanisms to mitigate generation
market power. In Belgium, antitrust authorities oblige the incumbent to sell financial Virtual …

We consider the effects of vertical integration on the performance of long-term and spot
markets when spot prices are uncertain and agents are risk averse. We find that vertical …