In this study, effect of energy price on the development of a biomass gasification-solid oxide fuel cell-gas turbine hybrid power plant has been considered. Although, these hybrid systems have been studied based on sustainable approaches, economic aspects, specifically conventional energy prices, which are the principal bottleneck for the development of these new power generators, have attracte...

The price of electricity is far more volatile than that of other commodities normally noted for extreme volatility. Demand and supply are balanced on a knife-edge because electric power cannot be economically stored, end user demand is largely weather dependent, and the reliability of the grid is paramount. The possibility of extreme price movements increases the risk of trading in electricity ...

This paper presents an oil price cartel model. The aggregate reaction functions for non-cartel producers and for substitute suppliers are included. The former group acts as a price-taker, while the latter expects oil prices in production of its non-oil energy resources. This expectation about prices affects a cartel’s oil demand and, thus, gives intertemporal price elasticities It turns out tha...

energy consumption has been essential to societies; because societies depend on the rising provisions of energy to meet their requirements for goods and services and endorse sustainable development. the major source of energy nowadays is oil; oil consumption is dependent on oil availability, production and price. several arab countries are considered as major suppliers of oil in the world; cons...

real-time pricing schemes make the customers to feel the energy price volatility and improve their load profiles. however, these schemes have no significant effect on demand-side uncertainty reduction. in this paper, considering smart grid infrastructures and smart building energy management system (ems), a new real-time pricing scheme is presented to reduce the uncertainty of demand-side. in t...