Combined cooling, heating, and power (CCHP) systems produce electricity, cooling, and heat due to their high efficiency and low emission. These systems have been widely applied in various building types, such as offices, hotels, hospitals and malls. In this paper, an economic and technical analysis to determine the size and operation of the required gas engine for specific electricity, cooling, ...

abstract in this study, we applied recently developed panel unit root and cointegration techniques to examine the long-run real income per capita and price elasticities for demand of electricity in selected middle east and north african (mena) countries using an annual data series from 1990 to 2011.our main finding from the panel analysis is that the demand for electricity is highly price elast...

" …the price of electricity was found to be a significant determinant of electricity demand in most cases with the expected inverse relationship (higher prices mean less consumption).The results provided no evidence that the responsiveness of Ontario industrial demand to the price of electricity during time periods when demand is the strongest has strengthened since market opening except, perha...

Electrical load modeling and forecasting are critically important in the electrical network and smart grid. The sparse Bayesian Learning (SBL) algorithm can be utilized to model and forecast the electrical load behavior. The SBL algorithm can solve a sparse weight vector with respect to a kernel matrix for modeling electricity consumption. However, traditional SBL can only handle an electricity...

Regardless of the form of restructuring, deregulated electricity industries share one common feature: the absence of any significant, rapid demand-side response to the wholesale (or, spot market) price. For a variety of reasons, most electricity consumers still pay an average cost based regulated retail tariff held over from the era of vertical integration, even as the retailers themselves are ...

In the electricity market, spark-spread options are increasingly used for hedging purposes and for valuing natural gas power plants. A spark-spread option gives the buyer the right but not the obligation to buy the price difference between electricity and natural gas adjusted for power plant efficiency. Pricing these options requires stochastic process models for the electricity price and the g...

Existing studies that consider the techno-economics of residential heating systems typically focus on their performance within present-day energy systems. However, the energy system within which these technologies operate will need to change radically if climate change mitigation is to be achieved. This article addresses this problem by modelling small-scale heating techno-economics in the cont...

A cointegrated vector autoregressive (CVAR) model is estimated to determine the dynamic relationship between Nordic wholesale electricity prices and EU emissions trading scheme (EU-ETS) CO2 allowance prices. An impulse response analysis reveals that electricity prices have large short-term responses to CO2 price shocks, but that this response dampens over time. Using hourly Nordic electricity s...

Recent reforms in the Turkish electricity sector since 2001 aim to introduce a tariff system that reflects costs. This is expected to affect the production and consumer prices of electricity. The changes in electricity prices are then reflected in production costs in other segments of the economy. Subsequently, producer and consumer prices will be affected. The potential impact of the changes i...