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1. Introduction


1.1. The new structure of the electricity market


1.2. Different structures of the electricity market 1.3. Wholesale Electricity Market: Centralized & Decentralized


1.4. The Wholesale Electricity Price




2. Python Implementation


2.1. The user input: costs and capacities


2.2. Determine the cut-off generator and the wholesale price


2.3. Making the merit order plot


2.4. Conducting sensitivity analysis


2.5. Creating an interactive plot




3. Conclusions


3.1. Conclusions

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© 2026 Dr Spyros Giannelos
London, United Kingdom
spyros@spyrosgiannelos.com
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