This chapter considers the modeling of electricity forward curve dynamics with parameterized volatility and correlation structures. We estimate the model parameters by using the Nordic market’s price data and show how the model can be implemented into everyday industry practice.

This article argues that competitive electricity markets are prone to the same cycles of boom and bust that appear in commodity markets and in a specialized industry like real estate. The article then demonstrates how boom and bust might appear in the western electricity system using computer simulation. A “business as usual” simulation shows that the west might be at the crest of a building bo...

Pressure from the Government of Kenya to have citizens connected to electricity as a means of improving their standard of living has resulted in a focus on the electricity utilities to expand the power distribution network. Contractors have therefore been approved to expedite the process. This has, however, resulted in sub-standard work being done by some of the contractors. The main objective ...

Due to the Deregulation of electricity industry, the competition is growing day by day between the Generators as well as in Distributors. But due to the competition in electricity market, it may cause congestion in the transmission lines and can cause black out in any area. This will affect not only the generation of electricity but also the consumers. To avoid this problem, in competitive elec...

The deployment of smart metering in the electricity industry has opened up the opportunity for real-time BI-enabled innovative business applications, such as demand response. Taking a holistic view of BI, this study introduced a visual data mining driven application in order to exemplify the potentials of real-time BI to the electricity businesses. The empirical findings indicate that such an a...

While the main thrust of the Discussion Meeting Issue on 'Material efficiency: providing material services with less material production' was to explore ways in which society's net demand for materials could be reduced, this review examines the possibility of converting industrial energy demand to electricity, and switching to clean electricity sources. This review quantifies the scale of infra...

Liberalisation has had a marked effect on innovative activities in the electricity industry. R&D and patenting activities are generally regarded respectively as innovative inputs to and outputs from technological progress. Electricity reforms have resulted in a reduction in R&D spending in the sector. This paper examines the effect of the reforms on patenting activity in the UK electricity sect...

The electricity systems have a central role to play in the transition towards a low carbon economy and integration of renewable energy sources in the European Union. However, the European electricity networks face a diverse set of existing and new risks that can hamper the energy security of member countries. This paper aims to qualitatively and quantitatively assess these risks given the chang...

This paper investigates the relationship between economic regulation and …rms’response to the incentives created by an emissions trading program. The NOx State Implementation Plan (SIP) Call Rule was designed to facilitate cost e¤ective reductions of nitrogen oxides emissions from large stationary sources (primarily electricity generators) in 19 eastern states. I estimate a discrete choice mode...

This paper takes an approach to clustering domestic electricity load profiles that has been successfully used with data from Portugal and applies it to UK data. Clustering techniques are applied and it is found that the preferred technique in the Portuguese work (a two stage process combining Self Organised Maps and Kmeans) is not appropriate for the UK data. The work shows that up to nine clus...