During the past 15 yr, electric utilities have learned that forecasts of demands and costs are highly uncertain. Here, a decision tree analysis is performed of the risks in fuel expenses, construction costs, purchased power availabilities, and demands which face three U.S. utilities. In terms of...

We develop a framework to assess and quantify the sustainability and reliability of different power production scenarios in a regional system, focusing on the interaction of microgrids with the existing transmission/distribution grid. The Northwestern European electricity market (Belgium,...

Strategic behaviour by gas producers is likely to affect future gas prices and investments in the European Union (EU). To analyse this issue, a computational game theoretic model is presented that is based on a recursive-dynamic formulation. This model addresses interactions among demand,...

We present a taxonomy and analysis of public policies that address the environmental impacts of power production. The paper consists of two parts. The first is a classification of policy options, including command-and-control regulations, emission caps, taxes, marketable permits, emission...

A nonlinear programming model is developed to examine the effects of introducing demand-side measures into the utility planning process. The development of the model addresses issues previously not considered in one comprehensive model, including the cost to the utility, sulfur dioxide...

Investments in power generation, pollution controls, and electricity end use equipment are made in the face of uncertainty. Unanticipated events can cause regret—commitments that in retrospect were the wrong choices. We analyze how three uncertainties—electricity demand growth, natural gas...