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This paper proposes an incentive mechanism for transmission expansion planning. The mechanism is a bilevel program. The upper level is a profit-maximizing transmission company (Transco) which expands its transmission system while endogenously predicts and influences the generation investment....
Persistent link: https://www.econbiz.de/10011255282
-sharp representation. A cost minimizing mixed-integer problem (MIP) model calculates where in the European electricity grid expansion needs …
Persistent link: https://www.econbiz.de/10010896205
the potential of harnessing large amounts of renewable electricity, but also concerns about the implementation in largely … electricity generators in France, Germany, and Poland, and the consumers in low-price countries, e.g. Norway and Sweden. Merchant …
Persistent link: https://www.econbiz.de/10010784002
planning of generators and cannot not be fully diminished by wind forecasts. In this paper we develop a stochastic electricity … market model to analyze the impact of uncertain wind generation on the different electricity markets as well as network … of the electricity markets is incorporated by a rolling planning procedure reflecting the market regime of European …
Persistent link: https://www.econbiz.de/10010659949
This article presents an integrated electricity dispatch and load flow model with endogenous electricity generation …
Persistent link: https://www.econbiz.de/10011128856
We study the performance of different regulatory approaches for the expansion of electricity transmission networks in …
Persistent link: https://www.econbiz.de/10008855640
__Abstract__ The paper investigates the impact of jumps in forecasting co-volatility, accommodating leverage effects … for forecasting weekly and monthly horizons. …
Persistent link: https://www.econbiz.de/10011274348
installed based information and provide several ways in which installed base forecasting can be used. We discuss cases of … installed based forecasting at four companies and list the issues involved. Moreover, we provide some models to assess the value …
Persistent link: https://www.econbiz.de/10010837719
Forecasts of key macroeconomic variables may lead to policy changes of governments, central banks and other economic agents. Policy changes in turn lead to structural changes in macroeconomic time series models. To describe this phenomenon we introduce a logistic smooth transition autoregressive...
Persistent link: https://www.econbiz.de/10010837733
Experts may have domain-specific knowledge that is not included in a statistical model and that can improve forecasts. While one-step-ahead forecasts address the conditional mean of the variable, model-based forecasts for longer horizons have a tendency to convert to the unconditional mean of a...
Persistent link: https://www.econbiz.de/10010837737