Locational Pricing for the Energy Transition: Evaluating Nodal Market Design in the German Power System
Germanys transition to high shares of variable renewable energy (VRE) is increasingly ex-posing flaws in the country’s current electricity market design, particularly in its contin-ued use of nationally uniform wholesale pricing. This thesis investigates whether nodal pricing, where electricity prices vary locationally to reflect physical system conditions, can improve market efficiency and suppor
