This addition to the ISOR series introduces complementarity models in a straightforward and approachable manner and uses them to carry out an in-depth analysis

After 2 decades, policymakers and regulators agree that electricity market reform, liberalization and privatization remains partly art. Moreover, the internatio

Electricity markets are structurally different to other commodities, and the real-time dynamic balancing of the electricity network involves many external facto

Explains the economics of electricity at each step of the supply chain: production, transportation and distribution, and retail.

This addition to the ISOR series addresses the analytics of the operations of electric energy systems with increasing penetration of stochastic renewable produc