As a consequence of an increasing share of renewable energies, balancing electricity production and delivery requires efficient electricity markets. At the heart of electricity markets are Information Systems (IS) that coordinate demand and supply in real-time. IS has recently opened up an alternative towards increasing the efficiency of electricity markets by managing demand side resources; i....

We consider interruptible electricity contracts issued by a distributor of electricity, that allow for interruptions to electric service in exchange for either an overall reduction in the price of electricity delivered, or for financial compensation at the time of interruption. We provide an equilibrium model to determine electricity prices, based on stochastic models of supply and demand. In t...

In the new competitive electricity supply industry, there is a renewed interest in algorithms that can provide savings in operation costs. An optimal scheduling of generators can provide substantial annual savings in fuel costs, but this highly constrained non linear mixed integer optimisation problem can only be fully solved by complete enumeration, a process which is not computationally feasi...

The paper examines the impact of pricing carbon emissions in the Russian electricity supply industry. We …nd that emissions are reduced at any level of the carbon price. Most active fuel switching takes place at the carbon tax of 200...500 Roubles per tonne of CO2; but the e¤ect is uneven by zones. The social surplus turns out to be positive. A special case of a new interconnector "Ural Siberia...

This paper maps, categorizes, and quantifies all major point sources of carbon dioxide (CO2) emissions from industrial and combustion processes in Sweden. The paper also estimates the Swedish technical potential for electrofuels (power-to-gas/fuels) based on carbon capture and utilization. With our bottom-up approach using European databases, we find that Sweden emits approximately 50 million m...

Security of supply in the Dutch electricity market: the role of reliability options 3 Security of supply in the Dutch electricity market: the role of reliability options Security of supply in the Dutch electricity market: the role of reliability options 5 Acknowledgments This work has benefited from the previous experience of the authors in the reliability options mechanism, which originated at...

This paper analyzes the effects of the green transformation on the German electricity sector with respect to the energy-political triangle. It focuses on how the development of renewable energies will affect security of electricity supply. In a cost-benefit analysis, the value of supply security is compared with its costs of provision. More specifically, the benefits of maintaining the present ...

a r t i c l e i n f o JEL classification: N74 Q43 Q43 O13 P28 Keywords: Power outage Value of supply security Empirical analysis End-user survey This paper presents a model for assessing economic losses caused by electricity cuts as well as Willingness-to-Pay to avoid these power outages as an approximation to the value of supply security. The economic effects for simulated power cuts from 1 to...