Tag: multi-dimensional adverse selection

  • Flexibility-Enabling Contracts in Electricity Markets

    By: Luis Boscán , Rahmat Poudineh

    In a recent paper we investigate the problem of incentivising flexibility in electricity markets. As the share of intermittent renewable energy increases in the generation mix, power systems are exposed to greater levels of uncertainty and risk, which requires planners, policy and business decision makers to incentivise flexibility, that is: their adaptability to unforeseen variations […]