This comprehensive and up-to-date book explains the economic rationale behind the
production, delivery and exchange of electricity. Cretì and Fontini explain why electricity …

Energy storage systems (ESSs) are of great value to realize energy management and to
support large-scale renewable generation. The combined operation of ESSs and …

Participants in the supply and demand sides of electricity markets can potentially exercise
their market power for their benefits. Hence, market power mitigation is an essential …

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 …

The aim of this study is to investigate the ability of electricity system models to provide
scenario based insights for policy purposes. A framework is built from a review of existing …

We assess the impact on the European electricity market of the European Union “Clean
energy for all Europeans” package, which implements the EU Nationally Determined …

Electricity markets in Europe become increasingly interconnected due to new grid
connections and market coupling regulations. This paper examines the interdependencies …

The supply function equilibrium provides a game-theoretic model of strategic bidding in
oligopolistic wholesale electricity auctions. This paper presents an intuitive account of …

We study supply function competition among conventional power generators with different
levels of flexibility and the impact of intermittent renewable power generation on the …