Various studies have examined whether market power abuses by independent electricity generators contributed to the demise of the California Power Exchange (PX). However, the behavior of wholesale power marketers has generally been overlooked. To fill this gap, our paper focuses on the pricing...

The purpose of this paper is to analyze: (a) the role and the nature of price-induced switching behavior between fossil fuels (i.e., coal, oil, and natural gas) in the western European power sector; as well as (b) the fuel choice impacts of a number of public policies implemented in this sector...

In energy system models endogenous technological change can be introduced by implementing so-called technology learning rates specifying the quantitative relationship between the cumulative experience of a technology and its cost. The objectives of this paper are to: (a) provide a conceptual...