We consider the effects of penetration of heat storage for space heating on the balance of payments. Although electric heating has low thermodynamic efficiency, it may be economically attractive because of the use of cheap fuels. Two operating modes are considered for controlling the heat...

This paper compares the impact of the Nodal Pricing and European Market Coupling organizations on different economic agents of the power system under two main wind policies. Under the “priority dispatch” policy, Transmission System Operators (TSOs) must accommodate all wind energy produced,...