Europe's clean energy transition is imperative to combat climate change and represents an economic opportunity to become independent of fossil fuels. As such, the energy transition has become one of the most important, but also one of the most challenging economic and societal projects today....

In this new era of energy transition, access to reliable and correctly functioning electricity markets is a huge concern for all economies. The restructuring path taken by most electricity markets involves the movement towards green generation structures and the increasing integration of wind...

A smart grid is the superposition of one physical electricity network on an information system. "Digitalization" (the growing application of information and communication technologies across the economy) enables electricity to break away from exclusive and centralized generation, opening it up...

A government plan was announced to expand the share of renewable energy to 20 percent by 2030 in Korea and to construct additional pumped hydro storage (PHS) to prepare for the uncertainty of renewable generation. However, due to the distortion of the Korean electricity market, pumped storage...