Electricity market plays an important role in improving the economics of electrical power system. Transmission network is vital entity in open access deregulated wholesale electricity market. Whenever transmission network congestion occurs in electricity market, it divides the market in different zones and the trading price of electricity will no longer remains the same for the whole system. Bi...

The California Climate Action Registry, which will begin operation in Fall 2002, is a voluntary registry for California businesses and organizations to record annual greenhouse gas emissions. Reporting of emissions in the Registry by a participant involves documentation of both “direct” emissions from sources that are under the entity’s control and “indirect” emissions controlled by others. Ele...

Abstract: In this paper, a two-dimensional Cournot model is proposed to study generation companies’ (GENCO’s) strategic quantity-setting behaviors in the newly established Yunnan’s electricity market. A hybrid pricing mechanism is introduced to Yunnan’s electricity market with the aim to stimulate electricity demand. Market equilibrium is obtained by iteratively solving each GENCO’s profit maxi...

Forecasting electricity consumption has often prefered to treat socioeconomic activity and wealth as exogenous. The motivation for this research is to endogenize electricity consumption with economic activity by introducing electricity demand, and the interactions between electricity use and economic activity, into macroeconomic demand equations. In this paper, I create an energy and macroecono...

Last year’s adoption of the Renewables Directive has provided an important stimulus for EU Member State governments to increase their renewable energy policy efforts, stipulating indicative targets for the consumption of renewable electricity in each of the Member States. This paper uses the recent experiences in the Dutch green certificate market to illustrate the possible interactions between...

This article attempts to examine the factors affecting residential electricity consumption through two approaches, a socioeconomic perspective and a direct use perspective. The results of this study find that gross domestic product (GDP), employment rates, residential space, and the implementation of energy labeling schemes provide significant impacts on residential electricity consumption. How...

In 1991 Indian government launched systematic economic reforms programme. The infrastructure industries such as telecommunications and electricity have subsequently been restructured and opened to private sector participation. Accompanied with the restructuring and privatisation has been setting up of independent regulatory agencies for telecommunications and electricity. While there is a singl...

Energy is a global concern and the electricity bills nowadays are leading to unprecedented costs. Electricity price is market-based and dynamic. In this paper, we investigate how to cut the electricity bills of commercial buildings in a dynamic power market. The building thermal systems (e.g., air-conditioning), which dominate electricity bills, has a special property of thermal storage, i.e., ...

accurate and effective electricity price forecasting is critical to market participants in order to make an appropriate risk management in competitive electricity markets. market participants rely on price forecasts to decide on their bidding strategies, allocate assets and plan facility investments. however, due to its time variant behavior and non-linear and non-stationary nature, electricity...

Electricity market integration in East Asia is an important component of the energy market integration (EMI) initiatives supported by the East Asian Summit (EAS) group. The objectives of this study are twofold, namely, a) to present a review of the trends in regional electricity market integration and b) to draw implications for electricity market development in the EAS area. Specifically, this...