. The adequate capacity mix can only be achieved by accounting for the current transition phase to electricity generation …

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 …

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 …