Modelling study contributing to the Impact Assessment of the European Commission of the Electricity Market Design Initiative

This report covers work performed in the context of the Impact Assessment of the Market Design Initiative, consisting of two parts. The first part focuses on electricity market operation and evaluates a number of policy options. The second part examines the behaviour of investors and assesses the ability of markets to sustain adequate levels of investments in future years. The study used modelling techniques based on the PRIMES model and electricity markets sub-models developed for the scope of the impact assessment.