High fuel costs, increasing energy security and concerns with reducing emissions have pushed governments to invest in the use of renewable energies for electricity generation. However, the intermittence of most renewable resources when renewable energy provides a significant share of the energy...

The European Union proposed the introduction of taxes on emitted CO2 as an effective policy measure for the reduction of CO2 emissions in its electricity sector. Applying the TIMES (The Integrated MARKAL-EFOM System) modeling tool, this paper examines the cost effectiveness of different...

In the last years the electricity industry has faced a restructuring process. Among the aims of this process was the increase in competition, especially in the generation activity where firms would have an incentive to become more efficient. However, the competitive behavior of generating firms...