Administrative price-caps put in place to limit market power execution and politically disastrous price-spikes limits firms' revenues from electricity markets.

Capacity mechanisms are increasingly used in electricity market design around the world yet their role remains hotly debated. In this paper, we introduce a new

This paper argues that a variety of imperfections in wholesale "energy-only" previous electricity markets lead to generators earning net revenues that are inade

I build a simple model to capture the key drivers of investment and pricing incentives in electricity markets. The focus is put on the interaction between marke