Earth, water, air, food, shelter and energy are essential factors required for human being to survive on the planet. Among this energy plays a key role in our day to day living including giving lighting, cooling and heating of shelter, preparation of food. Due to this interdependency, energy, specifically electricity, production and distribution became a high tech industry. Unlike other industr...

during the last recent decades, restructuring in the electricity industry has been considered as an economical policy. consequently, it was able to increase private investment, competition, efficiency, and productivity. the purpose of restructuring electricity industry is to change electricity industry organization, in order to omit monopoly and increase competition. recognition of restructurin...

Power had not yet been fully restored following the recent blackout that some were already clamoring that increasing transmission capacity is the best way to avoid a repetition of these events. Others were laying the blame squarely on the deregulation of the electricity supply industry. Should the United States embark on a massive investment program? Should deregulation be abandoned on the grou...

In this paper we discuss second-generation electricity reforms being formulated in Latin America and how they are being reshaped by the California crisis, which had stood as a paradigm, at least in theory, for fully competitive markets. We argue that the main lesson policy makers in Latin America should draw from the experience in California and other electricity markets around the world is tha...

nowadays, electricity is one of the most significant infrastructures required for economic development of countries. hence, predicting electricity demand is very important especially in industry as a major electricity-consuming sector. the majority of studies under the subject of electricity demand have been performed by econometrics and it is not possible to investigate the effect of different...

Starting in 1998, the electricity market in England and Wales will be opened up to full competition, and all consumers will be allowed to choose their electricity supplier. This promises to result in lower prices, but there will be additional transactions costs exceeding £100 million a year for the first five years. Relative to a counterfactual without competition, there are likely to be large ...

This paper argues that many determinants of generic oligopoly market outcomes can be studied in bidbased wholesale electricity markets under much weaker assumptions than in other oligopoly industries because of their rich data, regulatory history, and clearly specified market rules. These methods are compared to those used in existing studies of oligopolistic industries where the best data avai...

Development of every society is incumbent upon energy sector’s technological and economic effectiveness. The electricity industry is a growing and needs to have a better performance to effectively cover the demand. The industry requires a balance between cost and efficiency through careful design and planning. In this paper, a two-stage stochastic programming model is presented for the design o...