This paper examines the effect on Ireland's Single Electricity Market (SEM) of the UK's unilateral policy to implement a carbon price floor for electricity generation based on fossil-fuel. We simulate electricity markets and find that, subject to efficient use of the interconnectors between the...

This paper examines the potential role for Power to Gas (P2G) as applied to an island energy system with high levels of renewable electricity penetration. P2G systems require both a supply of green electricity and a source of CO2. Cheap electricity is essential for a financially sustainable P2G...

Australian woolgrowers have not adopted price risk management in the last decade. This is despite a concerted effort at various times by participants in the wool industry to encourage growers to use hedging/forward selling. The explanation for the reluctance of woolgrowers to use futures market...

Efforts to meet climate change mitigation and energy security targets spur investments in variable renewable energy sources. Their implications for the operation of power plants are frequently investigated drawing on unit commitment and dispatch models. However, the temporal granularity and...

This paper compares retail and wholesale electricity prices in SEM, the market of the island of Ireland, and BETTA in Great Britain. Wholesale costs are much lower in BETTA. We show that this is mostly because the wholesale price in BETTA is set too low to cover generation costs, although it is...

Money demand models overpredicted M2 growth in the United States from 1990 to 1993. The authors examine this overprediction using a model of households' demands for liquid wealth. The model is a dynamic generalization of the AIDS model of Angus Deaton and John Muellbauer (1980). The authors find...