We set up a static model of electricity provision in which delivery to consumers is only imperfectly reliable … its social value. We also discuss the impacts of a carbon tax on supply, demand, and optimal regulation. …

experiment that occurred in Spain in 2009. In that year, the electricity supply by distribution system operators (DSOs … change for the whole system, in terms of its impact on final electricity prices …

sector. One of the major challenges that must be addressed is the fluctuating supply of renewable electricity. We explore the … impact of cross-border electricity transfers on both the security of electricity supply and renewable electricity expansion …. We focus on Spain and Germany due to the relative abundance of their country-specific renewable electricity sources …

We evaluate the effects of homogeneous subsidies granted for emission-free electricity generation on market outcomes …

. Our focus is on utilizing the synergies between market-based reforms and renewables as the electricity sector lies at the … lessons for policy makers pursuing supply diversification through renewables. …

and other imbalances resulting from either supply or demand sides of the electricity market. The results of wind power …We investigate the process of electricity price formation in the Swedish intraday market, given a large share of wind … power in the Swedish electricity system. According to Karanfil and Li’s (2017) approach, if the intraday market is efficient …

This article explores key market design issues to be addressed in future electricity markets dominated by intermittent … renewable generation with near zero private marginal costs for generating electricity. Changing technology mixes will change … market outcomes, but they do not change the fundamental economic principles behind market design. Market-clearing prices in …

Europe's most important exchanges for short-term electricity trading. This is to a significant extent due to renewable … and analyze five measures for the dispersion of intraday prices for a single contract. The different measures are … similarly well suited for electricity contracts. We then identify fundamental drivers of price fluctuations. The relative share …

during low demand periods when residual demand crosses the elastic part of thermal supply curve. Conversely, in high demand … periods when the residual demand crosses the inelastic part of thermal supply curve, real potential for market power …

electricity production are negative. Contrary, we find that, to date, increases in carbon prices positively affect green … interplay between the prices of three markets: (1) the price of tradeable green certificates in the Swedish-Norwegian TGC system …, (2) the price of carbon in the EU ETS and (3) the price of electricity in Nord Pool. We use a multivariate vector …