Electricity market models, implemented as dynamic programming problems, have been applied widely to identify possible pathways towards a cost-optimal and low carbon electricity system. However, the joint optimization of generation and transmission remains challenging, mainly due to the fact that...

Guaranteeing energy security is one of the most important challenges for Europe today. Especially since the crises in Ukraine, Europe's interest in an additional supply line of gas and oil to Europe through Turkey has been growing steadily. In both political and academic discourse the question...

The EU member states have declared to strongly increase the share of Renewable Energy Sources in the next decades. Given a large deployment of wind and solar capacities as well as limited cost-efficient storage technologies, this has two major impacts on electricity systems. First, the...