Russia curbed its natural gas supply to Europe in 2021 and 2022, creating a grave energy
crisis. This Article empirically estimates the crisis response of natural gas consumers in …

With direct electrification at the core of global decarbonization efforts, it is key for policy
makers to adequately evaluate market dynamics in renewable power systems. The ongoing …

The integration of renewable energy resources can be facilitated by local energy markets
(LEMs) for multiple energy commodities. While multi-energy LEMs are designed to alleviate …

This paper examines empirical methods for estimating the response of aggregated electricity
demand to high-frequency price signals, the short-term elasticity of electricity demand. We …

The price elasticity of demand can be estimated from observational data using instrumental
variables (IV). However, naive IV estimators may be inconsistent in settings with …

Studies looking at electricity market designs for very high shares of wind and solar often
conclude that the energy-only market will break down. Without fuel costs, it is said that there …

The location of electricity generation assets within a power system involves a fundamental
trade-off: is it better to place generators at sites where generation costs are low, or should …

Executive summary Energy prices are higher in the European Union than in most other
industrialised economies, presenting a fundamental competitiveness challenge. The price …

The European energy system must undergo a transformation to a low-carbon system in the
upcoming years if it is to mitigate the consequences of climate change. This thesis deals with …

Demand response is crucial for balancing supply and demand in the presence of intermittent
electricity generation, particularly during scarcity situations with high prices. In 2021/2022 …