Security of transmission is a crucial element of any electricity systems. Due to the highly meshed structure of the …

This paper provides a description of ELMOD, a model of the European electricity market including both generation and …, congestion management, and investment decisions, with a focus on Germany and Continental Europe. ELMOD is a bottom-up model …

economics: the integration of wind power in electricity systems. We use a nodal pricing model to analyze the impact of German …

The German decision to finally phase-out nuclear electricity has led to a debate on its effects on electricity prices …, emission prices in the European emission trading system, as well as on international electricity trade. We investigate these … effects with a Electricity market model for Europe with investments in power plants under oligopolistic conditions in Germany …

production capacity. In a zonal pricing electricity market, the one proposed by the European Commission to integrate the European … electricity markets, I analyze the effects that investments in transmission and production capacity have on consumer welfare and … suppliers' profits. In the specific setting of this paper, I show that when the competition is perfect, an investment in …

Capacity mechanisms are increasingly used in electricity market design around the world yet their role remains hotly … debated. In this paper, we introduce a new benchmark model of a capacity mechanism in a competitive electricity market with …, and show which combinations of these instruments induce socially-optimal investment by the market. Changing the price cap …

restructured markets for ensuring adequate investment in generation capacity. The theory of investment in ideal markets is … contrasted with the actual behavior of investors in US markets in the past, and the potential for investment cycles in the future …

The German decision to finally phase-out nuclear electricity has led to a debate on its effects on electricity prices …, emission prices in the European emission trading system, as well as on international electricity trade. We investigate these … effects with a Electricity market model for Europe with investments in power plants under oligopolistic conditions in Germany …

Given the characteristics of electricity and the reforms that this sector has undergone, there is still a lot of … region. This paper analyses how generators recover their costs in competitive electricity markets, how the necessary …