In recent years, mechanisms of cooperation in power systems have attracted increasing
attention from academia and industry. Such mechanisms require sharing the benefits of …

Given its physical characteristics and the range of services that it can provide, energy
storage raises unique modeling challenges. This paper summarizes capabilities that …

While the technical feasibility of power systems based on renewables has been established,
there are concerns that a system with high shares of variable renewable electricity cannot be …

The pursuit of climate stabilisation scenarios requires large-scale decarbonisation of power,
heat, industry, and transport sectors. Cost-efficient climate neutrality strategies will primarily …

Electricity markets employ different congestion management methods to handle the limited
transmission capacity of the power system. This paper compares production efficiency and …

Climate and energy policy targets of the European Commission aim to make Europe the first
climate-neutral continent by 2050. For low-carbon and net-neutral energy systems primarily …

Ever since the beginning of the liberalization process of the energy sector and the arrival of
electricity markets, decision making has gone away from centralized planners and has …

Electricity system models are widely used to study future designs of power markets. They are
commonly used to represent electricity dispatch decisions but struggle to reproduce realistic …

Each market agent (producer or consumer) in a power market pursues its own objective,
typically to maximize its own profit. As such, the specific behavior of each agent in the market …

Bi-level optimization constitutes the most popular mathematical methodology for modeling
the deregulated electricity market. However, state-of-the-art models neglect the physical non …