The bulk electric power system in New England is fundamentally changing. The representation of nuclear, coal and oil generation facilities is set to dramatically fall, and natural gas, wind and solar facilities will come to fill their place. The introduction of variable energy resources (VERs)...

The bulk electric power system in New England is fundamentally changing. The representation of nuclear, coal and oil generation facilities is set to dramatically fall, and natural gas, wind and solar facilities will come to fill their place. The introduction of variable energy resources (VERs)...

In centralized markets, producers submit detailed cost data to the day-ahead market, and the market operator decides how much should be produced in each plant. This differs from decentralized markets that rely on self-commitment and where producers send less detailed cost information to the...