Gerard Doorman

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Increased energy efficiency is one of the pillars for reducing CO 2 emissions. However, in models for the electricity market like unit commitment and dispatch models, increased efficiency of demand results in a paradoxical apparent reduction of the total economic surplus. The reason is that these are partial models for the electricity market, which do not(More)
—This paper describes a model of the Northern Eu-ropean power markets that includes both the day-ahead market and markets for upward and downward Frequency Restoration Reserves. The model is similar to present European markets, procuring reserve capacity before the clearing of the day-ahead market. We compare a market design for the procurement of reserve(More)
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