Canadian oil sands hold the third largest recognized oil deposit in the world. While the rapidly expanding oil sands industry in western Canada has driven economic growth, the extraction of the oil comes at a significant environmental cost. It is believed that the government policies have failed...

Electricity producers participating in electricity markets face risks pertaining to both selling prices and the availability of the production units. Among electricity derivatives, options represent an adequate instrument to manage these risks. In this paper, we propose a multi-stage stochastic...

Hydropower plays a major role in the Canadian electricity generation industry. Few attempts have been made, however, to assess the efficiency of hydropower generation in Canada. This paper analyzes the overall efficiency of hydropower generation in Canada from comprehensive viewpoints of...

Accurate and robust short-term load forecasting plays a significant role in electric power operations. This paper proposes a variant of genetic programming, improved by incorporating semantic awareness in algorithm, to address a short term load forecasting problem. The objective is to...

Benchmarking plays a central role in the regulatory scene. Regulators set tariffs according to a performance standard and, if the companies can outperform such a standard, they can retain the gains observed by such outperformance. Efficiency performance is usually assessed by comparison (or a...

The demand for oil and natural gas has severely challenged the world supply. The Caspian Sea basin holds large quantities of both oil and natural gas. Pipelines are needed to transport the oil and natural gas from this landlocked region over long distances within countries and across borders to...

An optimal control approach towards generating electricity is used to analyze the trade-off between using of primary sources which are regarded as commodities, such as fossil fuels, biomass and water to generate electricity, and exploiting these sources for their other economic uses (for...

The mathematical formulation of a strategic Eurasian natural gas market model is presented. The model represents horizontal oligopolistic relationships among producers, bilateral market power between producer (Russia) and transit (Ukraine) countries, detailed transport constraints, and operation...

Carbon capture and storage (CCS) has been demonstrated as a viable option for reducing carbon emissions to the atmosphere. We consider a situation where a tax on emissions is imposed on carbon dioxide (CO2) producers to encourage their participation in CCS. Operators of CO2 transportation...