Non-storability and periodiC and stochastic demand fluctuations which characterize the
supply of most public utility goods and services give rise to peak-load pricing problems …

Publisher Summary This chapter describes several forms of auctions, presents the
formulations used in the main models, reviews some of the general results and empirical …

In the energy trilemma of reliability, sustainability and affordability, politicians treat reliability
as over-riding. The EU assumes the energy-only Target Electricity Model will deliver …

Electricity capacity markets work in tandem with electricity energy markets to ensure that
investors build adequate capacity in line with consumer preferences for reliability. The need …

Economic resilience is a major way to reduce losses from disasters. Its effectiveness would
be further enhanced if it could be precisely defined and measured. This paper distinguishes …

This paper discusses the lessons learned from electricity sector liberalization over the last
20 years. The attributes of reform models that have exhibited good performance attributes …

What do phone rates, frequent flyer programs, and railroad tariffs all have in common? They
are all examples of nonlinear pricing. Pricing is nonlinear when it is not strictly proportional …

We derive the optimal prices and investment program for an electric power system when
there are price‐insensitive retail consumers served by load serving entities that can choose …

This paper argues that a variety of imperfections in wholesale “energy-only” electricity
markets lead to generators earning net revenues that are inadequate to support investment …

Evidence from the US and some other countries indicates that organized wholesale markets
for electrical energy and operating reserves do not provide adequate incentives to stimulate …