A brief history of the restructured electricity industry in eastern and southern Australia The Special Premiers’ Conference in July 1991 agreed to “establish a National Grid Management Council [NGMC] to encourage and coordinate the most efficient, economic and environmentally sound development of the electricity industry in eastern and southern Australia having regard for key national and State...

The purpose of this paper is to analyze the real–time trading of electricity. We address a model for an auction–like trading which captures key features of the real–world electricity markets. Our main result establishes that, under certain conditions, the expected total payment to the electricity producers is independent on particular auction type. This result is analogous to the revenue equiva...

The Swedish pulp and paper industry has gone through a strategic change in its approach to electricity production and consumption over the past decade. This paper documents this reorientation, which includes increased on-site electricity production, investments and investment plans for wind power, and new partnerships concerning investments in electricity production assets. We also assess the e...

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 ...

The AGO, REEEP and REIL wish to acknowledge that this report includes findings from the Integration of Renewables into Electricity Grids Experts Workshop hosted by the IEA in November 2006. This report does not however necessarily reflect the position of the IEA. *The opinions and views offered by Commissioner Kelly are her own and not necessarily those of the United States, the Federal Energy ...

Due to the rapid expansion of information and communication technology (ICT) usage, the telecommunications industry is faced with a challenge to promote green ICT toward achieving a low-carbon society. One critical obstacle in planning long-term strategies for green ICT is the uncertainty of various external factors, such as consumers’ lifestyle and technological advancement. To tackle this iss...

For a hundred of years electricity and its delivery were thought to be inseparable. Since the late-1980s and early-1990s things began to change. Due to diverse reasons [13] both developed and developing countries began to abandon the idea of an electricity industry vertically integrated to adopt a new model that allows competition and choice in electricity. The idea of commercial separation of ...