The German market has seen a plunge in wholesale electricity prices from 2007 until 2014, when base futures prices dropped by more than 40 percent. In this paper we determine the fundamental components of electricity futures prices and quantify their impact on the price drop as well as on...

Energy consumption may play different roles at different stages of urbanization and economic growth. Given China's rapid economic development and urbanization process, this study tries to explore the possible nonlinear relationship between energy consumption and urbanization in China. Against...

There is a lack of synchronization in the expansion of renewable energies and the modernization of the electricity grid infrastructure. Main barriers to grid development are the insufficient regulatory framework, an inefficient allocation of planning and authorization competences and a lack of...

We review the recent empirical research concerning market power on the Nordic wholesale market for electricity, Nord Pool. There is no evidence of blatant and systematic exploitation of system level market power on Nord Pool. However, generation companies seem from time to time able to take...

While the role of organizational learning in improving firms’ performance is well documented, there are still questions surrounding the dominant forces driving technological learning. This is particularly true in the electricity industry where the growth of renewable technologies has been...

The South Asia Region (SAR) continues to face electricity shortages, underinvestment and challenges to improve energy access. Strengthening cooperation for cross-border electricity trade in South Asia makes it possible for the region to take advantage of significant benefits from greater...

In spite of the resolutions of Conference of Parties on Climate Change (COP7), policy practitioners in many countries are currently obligated to react to perceived domestic environmental damages. Like few other sectors, utilities, especially, coal-based electricity generation is often identified...

This paper analyzes the impact of electricity storage on the production cost of a power system and the marginal cost of electricity (electricity price) using a unit commitment model. Also, real world data has been analyzed to verify the effect of storage operation on the electricity price using...

We apply the lag-augmented vector autoregression technique to test the Granger-causal relationships among wholesale electricity prices, natural gas prices, and crude oil prices. In addition, by adopting a cross-correlation function approach, we test not only the causality in mean but also the...

Hourly demand response tariffs with the intention of reducing or shifting loads during peak demand hours are being intensively discussed among policy-makers, researchers and executives of future electricity systems. Demand response rates have still low customer acceptance, apparently because the...