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...

Industrial ecology (IE) promotes the development of industrial systems based on recycling of matter and cascading of energy through cooperation. In this paper, the local/regional industrial ecosystem approach is reflected in two examples from Finland. The local forest industry system is based on renewable resources, waste materials and energy utilisation between forestry companies, a saw-mill, ...

The growth of economy and population together with the higher demand in energy has created many concerns for the Indian electricity industry whose capacity is at 211 gigawatts mostly in coal-fired plants. Due to insufficient fuel supply, India suffers from a shortage of electricity generation, leading to rolling blackouts; thus, performance evaluation and ranking the industry turn into signific...

Market-oriented reforms in the electricity supply industry worldwide have changed the decision investment context. Risks, such as the real need for new capacity and the return on investment, which were formerly borne by consumers or by taxpayers, now have to be faced by investors. However, even when scarcity prices efficiently reflect the tightness of supply in electricity markets, the reliabil...

The worldwide electric power industry has seen many changes over the last 20 years. During this period many regulated or state-owned monopoly markets have been deregulated. In an electricity market, electricity price is decided based on demand and supply bids from the market participants; therefore, the importance of ShortTerm Load Forecasting (STLF) has been rising in these markets [1]. Load f...

Vertical separation of generation from electricity retailing has often been required as a condition of electricity market liberalisation. A well-developed and liquid contracts market is similarly suggested as necessary to manage the resulting wholesale market risks, which risks are further exacerbated by competition. Such contracts markets are rare, however, and increasingly evidence is emergin...

one of the effective methods for improving the efficiency of an organization is benchmarking against successful organizations. not only benchmarking could be a technique for identifying problems but also it greatly helps managers in relations of the design of processes. among strategic and infrastructure industries in each country, the electricity industry is one of the most important and criti...

This chapter presents some results of an econometric analysis (developed in Patrick and Wolak 2001b) of customer-level demands for electricity of large and medium-sized industrial and commercial customers purchasing electricity under half-hourly spot prices and demand charges coincident with system peaks in the England and Wales (E&W) electricity market. These estimates can be used to forecast ...