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To better understand how a cap-and-trade market might function under high-carbon-price conditions, the authors ran a simulation called the ‘Electricity Strategy Game’ created by Severin Borenstein ...
We specify a structural asymmetric vector error-correction model to identify and estimate the demand and supply functions in hourly day-ahead wholesale electricity markets. In doing so, we provide, in...
The study is motivated by the question “what is the optimal tariff design?” While we do not offer an answer to this question, we use the different designs in four select countries to illuminate the is...
This paper investigates the short- and long-run causality issues between electricity consumption and economic growth in Korea by using the co-integration and error-correction models. It employs annual...
This article explains how the Swedish state-owned electricity company Vattenfall managed to become the most successful foreign player on the German electricity market. It does so by providing an in-de...
One of the challenges for power industry restructuring is to maintain sufficient generation installed capacity to meet demand in nowadays and in the future, and the electricity market failure in Calif...
There has been much academic debate on the ability of wind to provide a reliable electricity supply. The model presented here calculates the hourly power delivery of 25GW of wind turbines distributed ...
A quantitative look is taken at electricity and ICT as the engines of economic growth in Finland which was one of the leading countries in the electrification of mechanical drive in industry and which...
Forward markets, both medium term and long term, complement the spot market for wholesale electricity. The forward markets reduce risk, mitigate market power, and coordinate new investment. In the med...
This paper presents Data Envelopment Analysis (DEA) model with uncertain data for performance assessment of electricity distribution companies. During the past two decades, DEA has been widely used fo...
The influence of economic and demographic variables on the annual electricity consumption in Italy has been investigated with the intention to develop a long-term consumption forecasting model. The ti...
The need for energy supply, especially for electricity, has been increasing in the last two decades in Turkey. In addition, owing to the uncertain economic structure of the country, electricity consum...
This paper studies the production decisions of generation companies (GENCOs) which are fully engaged in oligopolistic electricity markets. The model presented is based upon the static equilibrium mode...
This study proposes a game-theoretic approach to model and analyze the process of utilizing biomass for power generation considering three players: distributor, facility developer, and participating f...
In electricity markets, traditional demand side management programs are slowly getting replaced with demand response (DR) programs. These programs have evolved since the early pilot programs launched ...

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