In deregulated power markets, electricity suppliers have the option to trade in the spot
market, derivatives market, and bilateral contract market. The spot market is always …

This paper develops a model to examine the impacts of cap-and-trade mechanisms on the
decisions of a utility firm when it invests in renewable energy and has an existing …

This paper examines vertical arrangements in electricity markets. Vertically integrated
wholesalers, or those with long-term contracts, have less incentive to raise wholesale prices …

This paper studies the effects of the diversification of energy portfolios on the merit order
effect in an oligopolistic energy market. The merit order effect describes the negative impact …

Environmental regulation of industrial pollution is often incomplete; regulations apply to only
a subset of facilities contributing to a pollution problem. Policymakers are increasingly …

Renewable energy sources such as solar and wind have received a lot of attention and
research in recent years as the climate issue has become more serious. However …

In this article we propose a model of the supply chain in electricity markets with multiple
generators and retailers and considering several market structures. We analyze how market …

This paper surveys results on Nash equilibrium and its refinements for several variants of the
architecture for oligopolistic electricity markets. For different kinds of one-stage and two …

We present a model of a purchaser of electricity in Norway, bidding into a wholesale
electricity pool market that operates a day ahead of dispatch. The purchaser must arrange …

Forward contracts play a vital role in all electricity markets, and yet the details of the market
for forward contracts are often opaque. In this paper we review the existing literature on …