This paper surveys the literature relevant for comparing centralized and decentralized
wholesale electricity markets. Under a centralized design, producers submit detailed cost …

In an era of energy transition, it is crucial to ensure that the design of the short-term electricity
market provides sufficient cash flows to producers so as to allow the investment of the right …

The expansion of variable generation has driven a transition toward a 100% non-fossil
power system. New system needs are challenging system stability and suggesting the need …

Due to the growing number of Distributed Energy Resources and new electrical loads at the
sectoral contact points, novel organisational forms such as Local Energy Markets arise to …

Zonal pricing with countertrading (a market-based redispatch) gives arbitrage opportunities
to the power producers located in the export-constrained nodes. They can increase their …

Electricity markets are adapting to integrate more renewable sources and to reach the
energy transition. But volatile renewable energy sources require compensation mechanisms …

External effects can be triggered through trade and depend on the locations of buyers and
sellers who are matched. Inspired by electricity markets, we experimentally investigate …

Today's electrical grids frequently face congestion situations due to a combination of the
increasing installation of renewable energy sources, the impact of sector coupling, and the …

Redispatch markets can help to facilitate the integration of flexible resources into the
redispatch. However, redispatch markets tend to be prone to concerns regarding the abuse …

In the face of increasing renewable energy integration and limitations in existing
infrastructure; power grid congestion management is undergoing a critical shift demanding …