2022 - An Efficient Framework to Estimate the State of Charge Profiles of Hydro Units for Large-Scale Zonal and Nodal Pricing Models
2024 - Resource Adequacy through Operating Reserve Demand Curves: Design Options and their Impact on the Market Equilibrium
2024 - Resource Adequacy through Operating Reserve Demand Curves: Design Options and their Impact on the Market Equilibrium
Operating reserve demand curves (ORDCs) have become part of the electricity market design in several power systems. They improve the security of supply through enhanced peak prices that occur already when the system is running low on operating reserves, before an actual shortfall occurs. Previous research, however, suggests that the ORDC's impact on resource adequacy would be thwarted by the merit order effect.Hence, we propose a methodology to model the investment in markets with ORDC, which specifically captures the interaction with renewable deployment.