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SUMMARY:Generation and network investment in electricity markets: using mu
 ltilevel optimization to assess the role of the market design - Veronika G
 rimm (Friedrich-Alexander-Universität Erlangen-Nürnberg)
DTSTART:20190429T133000Z
DTEND:20190429T143000Z
UID:TALK123250@talks.cam.ac.uk
CONTACT:INI IT
DESCRIPTION:The talk will present a multilevel optimization approach that 
 allows to analyze the long-run impact of electricity market design on inve
 stment and production decisions. The presentation will give an overview ov
 er various recent contributions that focus on electricity markets that ope
 rate under a zonal pricing market design\, as it is established in Europe.
  We apply the approach to the German electricity market as an example to d
 emonstrate the impact of (i) the establishment of additional price zones\,
  (ii) regionally differentiated network fees (iii) market-driven RES curta
 ilment on key performance indicators such as welfare\, economic rents\, ge
 neration mix and locations\, network investment\, or electricity prices in
  the long run. We also show how the model can be used to endogenously dete
 rmine an optimal configuration of price zones on a network\, or to assess 
 the long run impact of structural (regulatory) uncertainty about the futur
 e market design.<br> <br> The talk will present work with various coauthor
 s which will be mentioned along the presentation.<br>
LOCATION:Seminar Room 1\, Newton Institute
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