Funding entity Massachusetts Institute of Technology (MIT)
The current wholesale market mechanisms need to be enhanced with new solutions that improve their role as providers of efficient market signals for all the system agents involved. This necessarily entails revisiting most of the design elements that currently define market processes (e.g. timing of markets, SO actions, pricing, etc.). An in-depth analysis of the relevant literature on market design and efficiency issues in the US and Europe is carried out to properly frame the problem. Then, the aim is to put forward new proposals for improvement at all levels.
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2015-16 UoF WHO
