The basic features of an efficient short-term wholesale market design do not need to change to accommodate a significantly larger share of zero marginal cost intermittent renewable energy from wind...

We report on an economic experiment that compares outcomes in electricity markets subject to carbon-tax and cap-and-trade policies.

An increasing number of wholesale electricity markets employ locational pricing mech­anisms where energy prices account for some or all aspects of the transmission network configuration.

Using hourly offer curves for the Italian day-ahead market and the real-time re-dispatch market for the period January 1, 2017 to December 31, 2018, we show how thermal generation unit owners...

The variability of solar and wind generation increases transmission network operating costs associated with maintaining system stability.

The different incentives generation unit owners face for locating and operating their units in the wholesale market regime versus the vertically-integrated monopoly regime has wide-ranging...

This report provides recommendations on the six topic areas in the transformation and modernization theme “Competition, participation and structure of the electricity market.” These are: (1)...

Capacity markets provide guaranteed payments to electricity generation unit own- ers for having the “firm capacity” to produce electricity.

We report results from a large field experiment that with a few hours prior notice provided Danish residential consumers with dynamic price and environmental signals aimed at causing them to shift...

Charging full requirements customers for distribution network services using the traditional cents per kilowatt-hour (KWh) price creates economic incentives for consumers to invest in distributed...

This paper proposes a model of the behavior of an expected profit-maximizing merchant storage owner with the ability to exercise unilateral market power.