This document summarizes policy best practices that energy ministers and other stakeholders can pursue to ensure that electricity markets and power systems can effectively coevolve with increasing penetrations of variable renewable energy
Étiqueté : electricity market
This Haas paper examines the implications of alternative forms of cap-and-trade regulations on the California electricity market
This UNDP report discusses creating enabling environments for renewable energy and supporting renewable energy through feed-in tariffs (FITs) and related price and market-access instruments.
The optimal short-term management of flexible nuclear plants in a competitive electricity market as a case of competition with reservoir
In many countries, the electricity systems are quitting the vertically integrated monopoly organization for an operation framed by competitive markets. It therefore questions how nuclear plants should be operated in an open market framework. We address the medium-term horizon of management to take into account the fluctuations of demand according to the seasons of year…
Absence of arbitrage is one of the fundamental tools to describe financial markets. The no-arbitrage price of any financial contract represents players’ valuation of the uncertain future income stream that will result from the contract. This reasoning is based on considering future income streams as exogenously defined variables. When spot markets do not behave under the assumption of perfect competition, future income streams might depend on players’ strategies…
This David Newbery’s note discusses the progress of the EMR, the strength and weaknesses of the main criticisms made, and suggests some possible solutions to the current problems…
The income that wind and solar power receive on the market is affected by the variability of their output. At times of high availability of the primary energy source, they supply electricity at zero marginal costs, shift the supply curve (merit-order curve) to the right and thereby reduce the equilibrium price of electricity during that hour…
Energy policy cooperation or competition around the North Sea… A Clingendael paper
A new Lawrence Berkeley Laboratory report
Power to the people: giving electricity users greater choice has environmental and economic benefits
The multidisciplinary approach focuses on the economic, political and institutional aspects of liberalization as well as, to a lesser extent, on technological issues. As such, this book constitutes a unique contribution, as this broad overview is often lost in the sector-specific, country-focused and purely disciplinary approaches prevalent in the current literature. Sectors explored include telecoms, the Internet, energy and transport, while the truly global perspective incorporates unique case studies from an array of developed and developing countries including the US, China, India and the EU.
This paper first reviews some of the main contributions of the new institutional economics to the analysis of the process of competitive transformation of network industries…
This book fills a gap in the existing literature by dealing with several issues linked to long-term contracts and the efficiency of electricity markets. These include the impact of long-term contracts and vertical integration on effective competition, generation investment in risky markets, and the challenges for competition policy principles.
Evaluating Government’s Policies on Promoting Smart Metering Diffusion in Retail Electricity Markets via Agent-Based Simulation
In this paper, Tao Zhang and William J. Nuttall develop an agent-based model of a market game in order to evaluate the effectiveness of the U.K. government’s 2008–2010 policy on promoting smart metering in the U.K. retail electricity market.
by T.S. Mount et al. Dyson School of Applied Economics and Management Working Paper