This paper surveys the literature relevant for comparing centralized and decentralized
wholesale electricity markets. Under a centralized design, producers submit detailed cost …

Europe's clean energy transition is imperative to combat climate change and represents an
economic opportunity to become independent of fossil fuels. As such, the energy transition …

Electricity markets employ different congestion management methods to handle the limited
transmission capacity of the power system. This paper compares production efficiency and …

Wholesale electricity markets use different market designs to handle congestion in the
transmission network. We compare nodal, zonal and discriminatory pricing in general …

In this paper the German congestion management regime is analyzed and future congestion
management costs are assessed given a higher share of intermittent renewable generation …

This study reviews international experience with market based redispatch. It focuses on two
manifestations of strategic behavior: abuse of market power and so-called inc-dec gaming …

Market-based congestion management has been proposed as a more efficient means of
coping with congestion issues in zonal market designs. However, strategic behaviour has …

In centralized day-ahead markets, producers submit detailed cost data to the market
operator that decides how much should be produced in each plant. This differs from …

The zonal market (ZM) adopted in Europe, in contrast to the nodal market (NM), reconciles
the inconsistency between physical networks and administrative management. However, the …

The EU network codes and guidelines are a detailed set of rules pushing for the
harmonisation of national electricity markets and regulations. The areas for the development …