The U.S. nuclear industry has overcome a challenging period during which low wholesale market prices threatened the survival of nuclear power plants (NPPs). From 2017 to 2019, several U.S. states initiated out-of-market support schemes to bolster the financial conditions of NPPs. This paper...

The U.S. nuclear industry has overcome a challenging period during which low wholesale market prices threatened the survival of nuclear power plants (NPPs). From 2017 to 2019, several U.S. states initiated out-of-market support schemes to bolster the financial conditions of NPPs. This paper...

In this work, we introduce an innovative approach to managing electricity costs within Germany's evolving energy market, where dynamic tariffs are becoming increasingly normal. In line with recent German governmental policies, particularly the Energiewende (Energy Transition) and European Union...

Der deutsche Strommarkt hat sich gut vom Krisenjahr 2022 erholt. Die Energiepolitik sollte sich nun wieder auf den Ausbau erneuerbarer Energien fokussieren. Das letzte Jahr hat gezeigt, dass die Stromversorgung auch nach Abschalten der Kernkraftwerke sicher ist. Den Stromverbrauch durch 80...

A concern persistent in scarcity-based market designs for electricity over many years has been the illiquidity of markets for long-term contracts to hedge away volatile price exposures between generators and consumers. These missing markets have been attributed to a range of factors including...

The German electricity market has recovered well from the 2022 energy crisis. Policymakers should now redirect the focus of energy policy to further expanding renewable energy sources. The year 2023 showed that the German electricity supply remained secure following the shutdown of nuclear power...

The electricity sector plays a key role in achieving zero-emission targets. The required transition will lead to substantial changes in the supply, demand, and distribution of electricity but also in stakeholder roles. Future market designs may change substantially to accommodate these changes,...

The Future Electricity Market Model (FEM) is a comprehensive technoeconomic model designed to simulate the investment, dispatch, and trade dynamics within the power systems of Switzerland and Europe. FEM operates as a partial equilibrium model of the wholesale electricity market, minimizing...

The electricity generating sector is the single largest source of climate altering pollution. A country aiming to meet its targets for a net-zero economy needs therefore to radically reduce the emissions stemming from this sector. Charging carbon emissions is the preferred market-friendly policy...

Energy storage, encompassing not only the storage of electricity but also the storage of energy in various forms such as heat and chemicals, is a linchpin in the movement toward a decarbonized energy sector, due to its myriad roles in fortifying grid reliability, facilitating the integration of...

This study probes the relationship between price and traded volume in electricity exchanges worldwide. Deploying the generalised method of moments estimation on panel data from the day-ahead market of exchanges in 20 countries for the period 2015-2020, this study finds that an increase in the...

The electricity sector plays a key role in achieving zero-emission targets. The required transition will lead to substantial changes in the supply, demand, and distribution of electricity but also in stakeholder roles. Future market designs may change substantially to accommodate these changes,...

The investment decisions of energy-intensive consumers can alter the balance of supply and demand in an electricity market. In particular, they can increase the market power of incumbent generators such that prices may increase as a consequence of their investments. Whilst it is therefore...

Der deutsche Strommarkt hat sich gut vom Krisenjahr 2022 erholt. Die Energiepolitik sollte sich nun wieder auf den Ausbau erneuerbarer Energien fokussieren. Das letzte Jahr hat gezeigt, dass die Stromversorgung auch nach Abschalten der Kernkraftwerke sicher ist. Den Stromverbrauch durch 80...

A concern persistent in scarcity-based market designs for electricity over many years has been the illiquidity of markets for long-term contracts to hedge away volatile price exposures between generators and consumers. These missing markets have been attributed to a range of factors including...

The German electricity market has recovered well from the 2022 energy crisis. Policymakers should now redirect the focus of energy policy to further expanding renewable energy sources. The year 2023 showed that the German electricity supply remained secure following the shutdown of nuclear power...

The electricity generating sector is the single largest source of climate altering pollution. A country aiming to meet its targets for a net-zero economy needs therefore to radically reduce the emissions stemming from this sector. Charging carbon emissions is the preferred market-friendly policy...

Market design for electricity often ignores network congestion initially and addresses it in a second, so-called 'redispatch' stage. For market participants, any two-stage design offers an opportunity to strategically optimize between the different market stages. The current debate is how to...

In this paper, we study the relationship between reconciliations in the Colombian electricity market and the bid prices by firms on the spot market. In this work,we propose a model of behavior of the firm to elaborate theoretical predictions about the relationship between the reconciliations and...

Pakistan has a single-buyer market model, designed for centralized power procurement and investment in generation capacity. However, this model has encountered challenges in achieving both affordability and security of supply of electricity. A key contributing factor to the rise in electricity...

Green parties are commonly seen as strong proponents of wind power. This paper presents an alternative view, examining data from the highly decentralized institutional setup in Sweden where approval of wind power applications is delegated to local governments. I demonstrate that the approval...

Since 2017, several U.S. states have put in place out-of-market financial support schemes for nuclear power plants operating in deregulated electricity markets. In late 2021, the federal government announced the introduction of two new support schemes to secure the continued operation of nuclear...

Since 2017, several U.S. states have put in place out-of-market financial support schemes for nuclear power plants operating in deregulated electricity markets. In late 2021, the federal government announced the introduction of two new support schemes to secure the continued operation of nuclear...

In this paper, we study the relationship between reconciliations in the Colombian electricity market and the bid prices by firms on the spot market. In this work,we propose a model of behavior of the firm to elaborate theoretical predictions about the relationship between the reconciliations and...

In order to realise the energy transition towards a more sustainable, inclusive and just energy market, the traditional model of the electricity market, with big corporations producing electricity and passive consumers at the receiving end, is changing. These changes also require the adaptation...

Pakistan has a single-buyer market model, designed for centralized power procurement and investment in generation capacity. However, this model has encountered challenges in achieving both affordability and security of supply of electricity. A key contributing factor to the rise in electricity...

The original full study analyses the ongoing reform of the European electricity market. Specific design instruments proposed by the European Commission and supported by the European Parliament amendments are assessed in detail. A novel approach to modelling financial flows in electricity markets...

The proposed reform of the electricity market design maintains crucial elements of the existing system to ensure continued efficient operation. The impact that changing the rules on longer-term contracts will have on consumer prices and investment will depend on the concrete language of proposed...

While climate and energy policy targets require fundamental changes and expansions in the energy infrastructure, hydropower systems across Europe remain essential for low-carbon energy systems. With renewable fuel import prices being subject to large uncertainties, this work aims to substantiate...