Showing 1 - 10 of 268
We develop a theoretical model of long-run investment decisions on capacity in the context of a liberalized electricity … the level of capacity that maximizes social welfare, and compare it to a decentralized outcome. We show that in the … absence of any regulation, private investment decisions on capacity unambiguously lead to a socially sub-optimal outcome, and …
Persistent link: https://www.econbiz.de/10005792333
capacity investments, utilization, and emissions in US electricity markets. Using a two-stage stochastic programming approach …This paper investigates how uncertainties related to natural gas prices and potential climate policies may influence … natural gas prices, highlighting the important role of uncertainty quantification in future research. The paper also …
Persistent link: https://www.econbiz.de/10011077003
current status and future trends of the technology employed, examining at the same time energy production and availability …-land, making wind farms more productive with higher capacity factors. On the other hand, although offshore wind energy is not in …
Persistent link: https://www.econbiz.de/10011047235
pricing or production. OPEC’s (more specifically, Saudi Arabia’s) ideal policy is to keep price moderate to try to assure a … market for their high reserves over the long run. Such an action would require heavy investments in capacity, including in … excess capacity, for times of interruption of supply from other countries as in the 1990s and for times of high demand as in …
Persistent link: https://www.econbiz.de/10010580637
a model in which facilities can produce output at a privately known cost up to a previously-determined capacity level …. In such a model, the amount of slack in the firm is shown to be pro-cyclical. Indeed, as capacity constraints become … capacity. …
Persistent link: https://www.econbiz.de/10005114255
Recent scholarship on urban energy governance has focused on low carbon energy strategies seen as a response to climate change and energy pressure threats. But such approaches tend to overlook the situations of cities from the Global South and emerging countries concerned with strong energy...
Persistent link: https://www.econbiz.de/10011190057
We provide the first high-frequency investigation of price discovery within the physical and financial layers of Europe's natural gas markets. Testing not only looks at short-term return dynamics, but also considers each security's contribution to price equilibrium in the longer-term. Results...
Persistent link: https://www.econbiz.de/10010740090
increased NGP production. The article argues that the NGPs are ready to fill the gap, may be allowed to do so and are already …
Persistent link: https://www.econbiz.de/10010740117
The aim of this study is to place the notion of energy security under critical scrutiny by unpacking how different actors manipulate the term through the mobilization of existential language as a prism for creating securitization discourse. Through an examination of an Israeli inter-ministerial...
Persistent link: https://www.econbiz.de/10010776728
We apply a recently developed unit root test that simultaneously accounts for heteroskedasticity and structural breaks to United States monthly natural gas consumption. We find that United States monthly natural gas consumption is stationary. Our results illustrate the importance of accounting...
Persistent link: https://www.econbiz.de/10010783801