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 …

, the study analyses the overall performance of the Nigeria power (electricity) sector and presents some policy guidelines … underperforming and there is an urgent need for proper policy towards achieving a quality and continuous well-functioning electricity … market in the country. The installed capacity of the power plants in Nigeria currently stands at about 6000MW with just about …

energy systems are the technical characteristics that include the reliability, maintenance requirements, availability …

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. …

sectors. It has been mainly used because of its overall efficiency, and the guarantee of electricity with a low level of …Cogeneration may be defined as the simultaneous production of electric power and useful heat from the burning of a … single fuel. This technique of combined heat and power production has been applied in both the industrial and tertiary …

matter (PM) emissions levels can be achieved, and engine efficiency can be increased by 13–16%. Numerical methods are … commonly used to predict HCCI engines' performance (i.e. emissions levels, brake thermal efficiency and combustion phasing …