Jump to Main Content
- Heidarizadeh, Mohammad, et al. Show all 2 Author
- Energy 2019 v.172 pp. 45-56
- auctions; capital; consumers (people); economic impact; electricity; energy; markets; politics; power generation; risk
- ... Theoretical studies and practical experiences in power systems show that electricity market by itself cannot create an effective mechanism for optimal investment in generation capacity expansion. This is due to some inherent characteristics of power systems, such as high investment costs, and various risks in profit and return of capital. On the other hand, the political, social, and economic cons ...