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The economics of electricity is shaped by its physics. A well know example is the non-storability of electricity that … causes its price to fluctuate widely. More generally, physical constraints cause electricity to be a heterogeneous good along … commonly used cost indicators such as "levelized electricity costs" and "grid parity". Heterogeneity is relevant for all …
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schemes in retail electricity markets. …
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electrical demand has to react to the fluctuating electricity generation of renewable energy sources. To this end, flexible …
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