The Brazilian power-market design features were based on the system's physical and
economic characteristics in the'90s. However, some of the approximations and assumptions …

This paper explores the relationship among resource complementarity, diversification and
strategic investment in a power market with two energy sources: water and wind. A review of …

We propose an equilibrium model that allows to analyze the long-run impact of the electricity
market design on transmission line expansion by the regulator and investment in generation …

We develop a tri-level model of transmission and generation expansion planning in a
deregulated power market environment. Due to long planning/construction lead times and …

Decision making in the operation and planning of power systems is, in general,
economically driven, especially in deregulated markets. To better understand the …

Modern wholesale electricity markets often have producers who exercise market power. The
standard way to model market power in an oligopoly with a competitive fringe is by using …

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 …

The transformation of the European electricity system requires substantial investment in
transmission capacity to facilitate cross-border trade and to efficiently integrate renewable …

We assess the impact on the European electricity market of the European Union “Clean
energy for all Europeans” package, which implements the EU Nationally Determined …

This paper presents a novel way to model the generation capacity expansion problem in a
liberalized framework via a multi-year bilevel equilibrium model. In the upper level the …