Power systems networks are traditionally structured and engineered to effectively accommodate the effects of uncertainty and variability as regards energy demand and availability of resources. In order to transform the present carbon-intensive electricity generation system to one driven largely...

Based upon probabilistic reliability metrics, we develop an optimization model to determine the efficient amount and location of firm generation capacity to achieve reliability targets in multiregional electricity systems. A particular focus lies on the representation and contribution of...

Electricity markets are increasingly influenced by variable renewable energy such as wind and solar power with a pronounced weather-induced variability and imperfect predictability. As a result, the evaluation of the capacity value of variable renewable energy, i.e. its contribution to security...