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The paper considers opportunities to reduce emissions of CO2 through increases in commitments to wind in a representative US power market. A model is applied to simulate market operations for different wind levels focusing on implications of the reduction in clearing prices arising due to increasing inputs of zero marginal cost power from wind, a dilemma referred to as the missing money problem. The...
The generation mix is continuously varying all over the world and the electricity market equilibrium analysis in this new conditions is vital to the market designer, regulator, operator and participants. Therefore, this paper thoroughly investigates the impact of the changing generation mix on the market equilibrium based on the Cournot competition model. In order to improve the computation efficiency,...
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