We study the investment effects of market integration on renewable energy expansion. Our theory highlights that not only improves allocative efficiency by gains from trade but also incentivizes new in power plants. To test our theoretical predictions, we examine how recent grid expansions Chilean electricity changed production, wholesale prices, generation costs, and investments. then build a s...

In 2013, around 121 billion US-Dollar have been spend worldwide to promote the investment into renewable energy sources. The most prominent support scheme employed is a feed-in tariff, which guarantees a fixed price for electricity produced by renewable energies sources, usually for around 15 years after the installation of the plant. We study the incidence of wind turbine subsidies due to a fe...

As climate concerns, low natural gas prices, and renewable technologies increase the electric power sector’s dependence on natural gas-fired power plants, operational and investment models for gas and electric power systems will need to treat the interdependencies between these two systems to accurately capture the impacts of one on the other. Currently, few hybrid gas-electricity models exist....

<p style='text-indent:20px;'>This paper investigates and develops an electricity supply chain with generator retailer. The invests in renewable energy sells the to retailer; retailer then consumers according service quality. Three models are considered: vertical Nash game, electricity-generator Stackelberg model, electricity-retailer model. Finally, optimal solutions under different power...

renewable energy is derived from the natural processes that are replenished constantly. in its various forms, it derives directly from the sun, or from the deep heat generated from the earth. it isdefined as the electricity and heat being generated from solar, wind, ocean, hydropower, biomass, geothermal resources, biofuels, and the obtained hydrogen from the renewable resources. the renewable ...

This paper by using Long-range Energy Alternatives Planning System (LEAP) constructs four different renewable energy scenarios for the Greek transport, energy, and industry sectors. By projecting the demand for renewable energy and the associated resulting carbon dioxide emissions up to the years 2020 and 2030, the paper applies in a second stage data envelopment analysis (DEA) evaluating the G...

This article reviews issues related to the incorporation of non-renewable resources in the theory of economic growth and development. As an o¤shoot of the new growth theory of the last two decades a series of contributions have studied endogenous technical change in relation to resource scarcity. We discuss the main approaches within this literature and consider questions like: How is the new l...