All of the countries of Western Europe have taken steps to liberalise their electricity industries. Large consumers in every country can choose their electricity supplier, and in some countries, this choice has been extended to every consumer. The European Union has decided that from 2007 at the latest, all customers will be able to choose their electricity supplier. A number of large European ...

Bilateral procurement contracts in the electricity industry use fixed unit prices to settle payments and deliveries. This type of purchasing arrangement creates perverse production incentives and ignores dynamic uncertainties that are inherent in electricity markets. We consider a continuous-time contracting environment, in which the electricity price is modeled as a mean reversion jump diffusi...

In the current economic, resource and carbon constrained climate, it is imperative that power distribution companies invest in only necessary network augmentation. However, with electricity demand growth over recent years doubling the electricity consumption growth, capital expenditure is following in a similar fashion relative to operational expenditure [1]. The need for greater infrastructure...

Several regions of the U.S. have sought to restructure the electric power industry by separating the potentially competitive generation sector from the natural monopoly functions of electricity transmission and distribution. Under this restructuring scheme, a central authority, which we will refer to as the independent system operator (ISO), is given control over both the transmission system an...

industrial energy consumption lies between 30% and 70% of the total energy consumed in selected countries. cement production is one of the most energy intensive industries all around the world. this paper deals with an energy audit analysis in a cement plant in iran. in all recent works, after performing an energy audit, different strategies are offered to reduce energy losses. generally, these...

This paper examines the incentives to exercise market power that generators would face and the different strategies that they would follow if all electricity supplies in Chile were traded in an hourly-unregulated spot market. The industry is modeled as a Cournot duopoly with a competitive fringe; particular care is given to the hydro scheduling decision. Quantitative simulations of the strategi...

The aim of this paper is two folds: 1- To compare the level of technological advances in Iran's Automotive Industry with that of its competitors globally. 2- To compare the relative technological advances of Iran’s Auto Industry with other sectors of the Iranian economy. To measure the level of technological advances, we have used the Atlas Model of Technology. The results indicate that the lev...

A combination of declining costs and policy measures motivated by greenhouse gas (GHG) emissions reduction and energy security have driven rapid growth in the global installed capacity of solar photovoltaics (PV). This paper develops a number of unique data sets, namely the following: calculation of distribution of global capacity factor for PV deployment; meta-analysis of energy consumption in...

This paper employs a novel Monte-Carlo based generation portfolio assessment tool to explore the implications of increasing wind penetration and carbon prices within future electricity generation portfolios under considerable uncertainty. This tool combines optimal generation mix techniques with Monte Carlo simulation and portfolio analysis methods to determine expected overall generation costs...