One crucial factor that influences distributed energy resource investments and operation is the grid tariffs. If the price signal passed on to the consumer is not representative of the actual impact of the decentralized decisions on the power system, we may get inefficiencies. The main problem consi...

As consumers go from passive to active, it is necessary to consider if the price signals from the grid are enough to promote optimal utilization of the decentralized resources in the context of the larger power system. The research considers tariff design options in the context of active consumers t...

A linear complementarity model is developed and presented for two different electricity market designs comprising an energy-only as well as a capacity market. In addition, storage units are implemented, assessing the impact of the market design on these units. Results of a case study for northern Eu...

The authors analyse the operational profitability of a hydropower system selling both energy and reserve capacity in a competitive market setting. A mathematical model based on stochastic dynamic programming is used to compute the water values for the system considering different power plant configu...