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The book provides assessments and evaluations of emerging trends in the electricity markets, with a focus on high-renewables electricity systems. Specifically, various issues are examined, such as wind and solar energy, interconnection, smart meters, smart grids of the future (including their social implications), and peer-to-peer (P2P) electricity trading, which is closely connected to the principle of a sharing economy. The book also contemplates how the market design for a high-renewables electricity system would be different from the classical post-liberalization market design.

Research & information: general --- renewable energy --- sustainable development --- gross domestic product --- GDP --- electrical capacity --- energy intensity --- hierarchical cluster analysis --- energy policy --- wholesale market design --- Electricity markets --- power system --- conceptual architecture --- distributed generation --- flexible resources --- local electricity markets --- electricity market design --- direct current --- distribution system --- local market --- flexibility --- microgrids --- continuous double auction --- Q-learning algorithm --- battery energy storage system, Q-cube framework --- bidding strategy --- emissions trading --- electricity price --- econometric modeling --- time series analysis --- emission allowance --- electricity market --- speculative trading --- forward market --- integration of renewable sources --- integrated markets --- co-optimization --- reserve allocation --- biofuels --- electricity generation --- power sector --- biomass --- Jatropha curcas --- system integration --- power industry --- state policy --- smart metering --- tariff rates --- system marginal price --- renewable energy sources --- photovoltaics --- day ahead market --- merit order curve --- electricity demand --- seasonal and daily variation --- RES (renewable energy sources) surcharge --- energy market --- artificial intelligence --- digital platform --- peer-to-peer --- trading mechanism --- clearing model --- clearing algorithm --- trading platform --- sustainability --- Internet of Energy --- smart meters --- smart grid --- husk --- energy supply --- efficiency --- carbon dioxide --- emissions --- energy efficiency --- economic growth --- energy consumption --- Czech Republic --- Slovakia