Optimization-based frameworks for energy system modeling such as TIMES, ETHOS. FINE,
or PyPSA have emerged as important tools to outline a cost-efficient energy transition …

The European electricity industry, the dominant sector of the world's largest cap-and-trade
scheme, is one of the most-studied examples of carbon pricing. In particular, numerical …

Wind and solar energy are often expected to fall victim to their own success: the higher their
share in electricity generation, the more their revenue in electricity markets (their “market …

The electric power sector is currently undergoing several important transitions, which
individually and collectively have the potential to transform the design, operation, and …

This paper introduces the open-source Low-carbon Expansion Generation Optimization
(LEGO) model. It is a multi-purpose tool to carry out numerous techno-economic analyses of …

Electricity needs to be consumed at the very moment of production, leading wholesale
prices to fluctuate widely at (sub-) hourly time scales. This article investigates the response …

Policymakers often misjudge the results of technology-rich optimization models with high
spatial and temporal resolutions, primarily due to variations in investment cost specifications …

The need for a transition to a society that will meet its energy needs from local resources and
with minimal negative environmental impact is no longer presented as an option but as a …

In response to the recent energy crisis, the European Commission proposed two-way
Contracts for Differences (CfDs) to secure renewable energy investments and protect …

Climate target achievement has a crucial influence on the modelling and the decision
processes in the energy sector. It has motivated the development of several policy …