We analyze the procurement problem in the electricity supply chain, focusing on the interaction between futures and spot prices. The supply chain network analyzed in our study includes risk-averse generators and retailers, both with the ability to use conditional value at risk (CV@R) in their...

The European Union Emission Trading Scheme (EU ETS) is a cornerstone of the EU's strategy to fight climate change and an important device for plummeting greenhouse gas (GHG) emissions in an economically efficient manner. The power industry has switched to an auction-based allocation system at...

Demand response (DR) programs have gained much attention during the last three decades to optimize the decisions of the electricity market participants considering demand-side management (DSM). They can potentially enhance system reliability and manage price volatility by modifying the amount or...