Energy-only electricity markets, such as the Electric Reliability Council of Texas (ERCOT),
rely on the decentralized investment decisions of market participants to lead to a resource …

Liberalized electricity markets often include resource adequacy mechanisms that require
consumers to contract with generation resources well in advance of real-time operations …

In many liberalized electricity markets, power generators can receive payments for
maintaining capacity through capacity markets. These payments help stabilize generator …

In this paper, we consider a stochastic Nash game in which each player minimizes a
parameterized expectation-valued convex objective function. In deterministic regimes …

Abstract In 2019, the European Commission finalized a legal framework for “Citizens” and
“Renewable Energy Communities”, paving the way for their deployment. While the benefits …

In this work, we study an alternative approach for capping and pricing carbon emissions in
electric markets: the cap-and-trade paradigm with re-trade of allowances. We model the …

Local energy communities are proposed as a regulatory framework to enable the market
participation of end-consumers. However, volatile local market-clearing prices, and …

Scarcity pricing is a mechanism for improving the valuation of reserve capacity in real-time
electricity markets. The goal of scarcity pricing is to mitigate the missing money problem and …

We investigate how capacity payments in combination with scarcity pricing of energy can
ensure resource adequacy in electricity markets, defined as the ability of supply and other …

We study a competitive partial equilibrium in markets where risk-averse agents solve
multistage stochastic optimization problems formulated in scenario trees. The agents trade a …