Renewable electricity procurement auctions (RE auctions) have received much attention for their potential efficiency in … reducing the cost of support levels associated with renewable electricity (RE). However, very little attention has been paid to …

Key findings:•Recent studies by the International Energy Agency and others indicate that the cost of electricity from … electricity producers attractive prices, and other incentives and subsidies that are being pursued by governments without regard … to cost.•Consequently, electricity consumers in North America face much higher electricity costs in the future. The …

Introduction -- Fundamentals of Energy and Power Systems -- Energy Demand -- Electricity Generation and Operational … Planning -- Electricity Transport and Storage -- Regulation: Grids and Environment -- Simple Electricity Market Equilibrium … Models -- Markets: Organisation, Trading and Efficiency -- Imperfect Competition and Market Power -- Electricity Markets in …