Showing 1 - 10 of 419
both producers and consumers of energy. While the overall trend of China's energy pricing reform since 1984 has been moving … reforms for coal, petroleum products, natural gas, electricity and renewable power in China, and provides some analysis of … these energy price reforms, in order to have the market to play a decisive role in allocating resources and help China …
Persistent link: https://www.econbiz.de/10011850316
The digitization of power system represents one of the main instruments to achieve the target set by the European Union 2030 climate and energy Agenda of affordable energy transition. During the last years, such innovation process has been associated with the Smart Grid (SG) term. In this...
Persistent link: https://www.econbiz.de/10012123221
Persistent link: https://www.econbiz.de/10008700137
This paper analyses the interdependencies existing in wholesale European electricity prices. The results of a multivariate long run dynamic analysis of weekly median prices reveal the presence of a strong although not perfect integration among some neighboring markets considered in the sample...
Persistent link: https://www.econbiz.de/10003592632
Persistent link: https://www.econbiz.de/10003546169
In this paper we investigate the economic impacts of the European Emission Trading Scheme (EU-ETS) on the Italian electricity market by a power generation expansion model. In particular, we assume that generators make their capacity expansion decisions in a Cournot or in a perfect competition...
Persistent link: https://www.econbiz.de/10009419709
The economics of electricity is shaped by its physics. A well know example is the non-storability of electricity that causes its price to fluctuate widely. More generally, physical constraints cause electricity to be a heterogeneous good along three dimensions - time, space, and lead-time....
Persistent link: https://www.econbiz.de/10010344242
The recent price coupling of many European electricity markets has triggered a fundamental change in the interaction of day-ahead prices, challenging additionally the modeling of the joint behavior of prices in interconnected markets. In this paper we propose a regime-switching AR-GARCH copula...
Persistent link: https://www.econbiz.de/10012963695
Persistent link: https://www.econbiz.de/10013259851
We assess the optimality of investments in power grid innovation, under both technological options of Super and Smart Grids, using the WITCH model in the version that includes Super-Grids. Super Grids allow producing and trading of electricity generated by large scale concentrated solar power...
Persistent link: https://www.econbiz.de/10010189904