Munich Personal RePEc Archive

A Review of Liberalization and Modeling of Electricity Markets

Weigt, Hannes (2009): A Review of Liberalization and Modeling of Electricity Markets.

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Abstract

This paper provides a review on the restructuring of electricity markets around the word including the UK, Norway, Continental Europe, and the US. The focus of this review lies on aspects of competitiveness and regulation in generation and transmission markets and market design, whereas distribution and retail are not pursued in detail. Furthermore, an overview about current modeling trends regarding liberalized electricity markets is provided including a classification according to mathematical principles and a taxonomy of research topics analyzed with modeling approaches.

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