This paper studies the volatility of electricity spot prices in the Nordic market (Sweden, Finland, Denmark, and Norway) under regime switching. Utilizing Markov-switching GARCH (Generalized Autoregressive Conditional Heteroskedasticity) models, we provide strong evidence of nonlinear regime...

The electricity industry is undergoing a transformative evolution driven by three overarching trends: decentralization, digitalization, and decarbonization (3Ds). To ensure access to clean, affordable, and reliable energy for all by 2030 - UN sustainable development goal 7 (SDG7) - countries...

This study optimizes a local renewable electricity supply system to integrate demand response tactics for powerintensive industry activities. We use a multi-phase optimization framework to design demand response scheduling for continuous production and identify the best configuration for a local...

The energy transition requires significant investment in intermittent renewable energy sources, such as solar and wind power. New generation capacities are generally procured through fixed price contracts, such as power purchase agreements and contracts for difference, or feed-in tariffs. With...

The transition from traditional labor intensive to modern capital intensive production is a key factor for industrial development. Using half a million observations from Indian manufacturing plants, I analyze the effects of a secular decrease in industrial electricity prices through the lens of...

This document provides recommendations for the statistical recording of capacity allocation and balancing markets, which are crucial for addressing deviations between supply and demand in electricity markets. It also includes guidance on transactions related to the electricity congestion income...