This paper describes the potential for power plant construction to appear in waves causing alternating periods of over and under supply of electricity. The end result would be major swings in market prices as the industry moves through the phases of a construction cycle. This paper begins with some background on why these cycles should be taken seriously as we write the rules for a restructured...

We compare the demand of a large electricity consumer with supply given by wind farms installed at two distant geographic locations. Obviously such situation is rather unrealistic, however our main goal is a quantitative characterization of the intermittency of wind electricity. The consumption pattern consists of marked daily and weekly cycles interrupted by periods of holidays. In contrast, w...

Before restructuring in the electricity industry, the primary decision-makers of the electricity market were deemed to be power generation and transmission companies, market regulation boards, and power industry regulators. In this traditional structure, consumers were interested in receiving electricity at flat rates while paying no attention to the problems of this industry. This attitude was...

The battle for electricity customers in an increasingly competitive and deregulated market environment is one of the challenges facing the electric power utilities of today. Customers expect a reliable and efficient supply of power from their utilities. One of the advantages that a distributed generator (DG) can provide to the electric utility and to customers is the possibility of improving th...

The electricity grid has to respond to large power variations in relatively short periods of time. This behavior causes an inefficiency operation and design of the electricity system. The Demand Side-Management techniques are used to modify the power demand, reducing or smoothing its shape. Moreover, the electricity grid is a very huge system composed for millions of devices. There are problems...

Power supply is one of the major problems of the banking industry of many emerging economies, such as Nigeria, particularly as the banks strive to modernize and offer quality services, such as electronic banking. This paper proposed a PV/Diesel hybrid power generation system suitable for banking. The study is based on simulation and optimization of hybrid system of a bank located in two differe...

Security of electricity supply has become a fundamental requirement for well-functioning modern societies. Because of its central position in all sections of society, the present paper considers the economic consequences of a power supply interruption. The value of lost load (VoLL) is a monetary indicator expressing the costs associated with an interruption of electricity supply. This paper rev...