a r t i c l e i n f o JEL classification: N74 Q43 Q43 O13 P28 Keywords: Power outage Value of supply security Empirical analysis End-user survey This paper presents a model for assessing economic losses caused by electricity cuts as well as Willingness-to-Pay to avoid these power outages as an approximation to the value of supply security. The economic effects for simulated power cuts from 1 to...

Residential photovoltaic (PV) systems in the US are often compensated at the customer’s underlying retail electricity rate through net metering. Given the uncertainty in future retail rates and the inherent links between rates and the economics of behind-the-meter PV, there is growing interest in understanding how potential changes in rates may impact the value of bill savings from PV. In this ...

Power sourcing for large industrials has changed since many countries began to restructure their electric sectors. Before, energy sourcing was limited to a set of products offered by electric companies under regulation. Nowadays, deregulation of electricity markets provides industrials significant choice in energy sourcing for the first time, changing the way how electricity is purchased, and i...

This paper presents the influence of distributed generation (DG) on congestion and locational marginal price (LMP) in an optimal power flow (OPF) based wholesale electricity market. The problem of optimal placement to manage congestion and reduce LMP is formulated for the objective of social welfare maximization. From competitive electricity market standpoint, DGs have great value when they red...

An important goal of China’s electric power system reform is to create a double-side day-ahead wholesale electricity market in the future, where the suppliers (represented by GenCOs) and demanders (represented by DisCOs) compete simultaneously with each other in one market. Therefore, modeling and simulating the dynamic bidding process and the equilibrium in the double-side day-ahead electricit...