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Reply to the following response and article as an Electrical Engineer: As a n electrical engineer, I've always been deeply intrigued by the intricate world
Reply to the following response and article as an Electrical Engineer: As a n electrical engineer, I've always been deeply intrigued by the intricate world of electricity and power systems. Which delves into the fascinating complexities of electricity markets in the era of renewable energy sources and energy storage. The article bellow explores how to establish equilibrium in such markets, where traditional pricing based on variable costs becomes obsolete. It proposes a novel notion of equilibrium, considering fixed capital costs, and raises questions about market operation, cost recovery, and the need for additional supervision rules. This research underscores the evolving landscape of electricity markets in a low-carbon future and the necessity for further study. https://climate.mit.edu/posts/long-term-equilibrium-electricity-markets-renewables-and-energy-storage-only
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