EMELIE-ESY is a partial equilibrium model with focus on electricity markets. Private investors optimize their generation capacity investment and dispatch over the horizon 2010 to 2050. In the framework of the Energy Modeling Forum 28, we investigate how climate policy regimes affect market developments under different technology availabilities and climate policies on the European power markets....

Buildings energy efficiency has occupied a prominent place on the agenda over the last decade. This study aims to assess the economic viability of improving the energy performance of residential buildings, by comparing additional costs of investment with the monetary savings achievable through reduced energy

Description Liberalised electricity markets represent a delicate equilibrium between regulatory targets to keep prices at acceptable levels and keeping prices high enough to ensure adequate return on investment for generation companies. From the viewpoint of the generation company, these capacity investment decisions are highly complex. Electricity prices are volatile which, instead of a guaran...

We consider energy investment, when a choice has to be made between fossil fuel and biomass fired production technologies. A dynamic model is presented to illustrate the effect of the different degrees of input price uncertainty on the choice of technology and the timing of the investment. It is shown that when the choice of technology is irreversible, it may be optimal to postpone the investme...

Recently, along with the depletion of fossil fuels and growing electrical requirements, more attention has been paid on utilizing Renewable Energy Sources (RESs). The Chichest tourism complex is located 20 km far from Orumieh, Iran which has been supplied through the main distribution grid connection. But, recently the trend is to expand the share of RESs in supplying microgrids demand. Hence, ...

Based on technological innovation and climate change, clean energy has been paid increasing attention to by worldwide investors, thereby their interest in investing firms that specialize energy. However, traditional still plays an important role nowadays, because extreme weather often occurred the winters of recent years. We thus explore whether strategies adopted diverse technical trading rule...

The realization of sustainable development depends on the efficient use of energy resources. Energy consumption productivity and efficiency are among important indices that play a critical role in explaining the behavior of energy consumption structure of different economic sectors, which in turn, plays a key role in policy making. From among economic sectors, the agriculture sector, as an impo...