generators in the market, and thus induce a decrease in wholesale electricity prices. This so-called merit-order effect …-border merit-order effect causes opposing effects on consumers and producers: Generators' profits decline, while consumers benefit …

penetration and their integration in the electricity system. We describe the merit-order effect (decline of wholesale electricity …

therefore expected to decrease. In interconnected electricity systems, this so-called merit- order effect stimulates a change in … capacities. Moreover, the cross-border merit-order effect causes opposing effects on consumers and producers: Generators' profits …

therefore expected to decrease. In interconnected electricity systems, this so-called merit- order effect stimulates a change in … capacities. Moreover, the cross-border merit-order effect causes opposing effects on consumers and producers: Generators' profits …

generators in the market, and thus induce a decrease in wholesale electricity prices. This so-called merit-order effect …-border merit-order effect causes opposing effects on consumers and producers: Generators' profits decline, while consumers benefit …

penetration and their integration in the electricity system. We describe the merit-order effect (decline of wholesale electricity …