of prices over time. If generators bid their marginal costs, we find that the changes to the capacity mix are much …

, it is important to study what the impact of a renewable source like wind power will be on the optimal generation capacity … mix, assuming producers can invest in other technologies and the wholesale market is open to competition. In this article …

policymakers. Employing a model with endogenous capacity, capacity mix, operations and with uncertain demand we show that … only one (base or peaking) generation technology or both, although capacity mix, industry profits and consumer surplus may … consumer surplus and the industry's optimal capacity, capacity mix and profits, and demonstrate that total welfare gains from …