Resolving the resource adequacy problem has been usually entrusted to the imposition of some kind of long-term capacity requirements or to forward markets. The Operating Reserve Demand Curve (ORDC), which is linked to short-term market conditions and does not require central planning, has been...

The current study aims to investigate the causality relationship between electricity consumption and disaggregate output variables such as: the industrial value added, the service value added, and the agricultural value added. The country of analysis is Benin. Annual series of electricity...

Accurate projections of electricity demand growth by end-use customer class (residential, commercial, industrial) are necessary for energy policy modelling, resource planning, and electricity pricing and procurement. Motivated by the expected trend of rising retail electricity prices in the US...

Empirical evidence on households' awareness of electricity prices and potentially divergent demand responses to price changes conditional on price knowledge is scant. Using panel data originating from Germany's Residential Energy Consumption Survey (GRECS), we fill this void by employing an...

In this paper we model wholesale electricity markets as infinitely repeated games played under demand uncertainty. We examine the uniform-price auction, showing that symmetric bidding at the price cap constitutes the optimal collusive equilibrium under both perfectly inelastic demand and demand...

Power generation is a major source of greenhouse gas emissions, and is in turn likely to be heavily affected by climate change. Earlier analyses have shown that in Southern Europe, including Italy, there is a V-shaped relationship between temperature and electricity usage. Higher temperatures...