Under the double-track price system, alternative energy prices and the spread between
liquefied natural gas and pipeline natural gas have created a supply-demand imbalance in …

The choice of a modeling approach is driven by the oil policy or market question that needs
to be addressed. We provide the non-modeling community with insightful information on oil …

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 …

Investment in generation capacity has traditionally been evaluated by computing the present
value of cashflows accruing from new equipment in a market with globally optimized …

Uncertainty is a major hindrance to attracting investment for the energy transition. Yet
European market design is mainly discussed with a focus on short-term efficiency. Based on …

With the rapid development of short-term and spot trade of liquefied natural gas (LNG), the
natural gas market is gradually evolving from regionalization to globalization. At the same …

The supply of natural gas is generally based on contracts that are signed prior to the use of
this fuel for power generation. Scarcity of natural gas in systems where a share of electricity …

We propose a network optimization model for smart energy market management in the
context of an uncertain environment. The network optimization considers the stochastic …

A large part of the European natural gas imports originates from unstable regions exposed
to the risk of supply failure due to economical and political reasons. This has increased the …

This study investigates if the Japan-Korea-Marker (JKM) price is a feasible benchmark to
replace the oil indexation in Asian liquified natural gas (LNG) trade. For this purpose, we …