We discuss a vector-based regionalization heuristic to map the spatial variation of macroeconomic effects. Empirical regional studies of energy markets are often unfeasible due to a lack of data, particularly on demand and distribution infrastructure. The proposed heuristic is useful to model...

The Indian power sector is experiencing a lot of pressure to supply sustainable electricity at affordable cost due to heavy demand especially in the summer peak season. Most of India’s electricity is produced by fossil fueled power plants, which are the source of CO2 emissions. In this case,...

Literature indicates a decline in the market value of wind power with increasing market penetration. Two promising measures to mitigate this market value drop are system-friendly turbines and geographical diversification. This study analyzes the combined potential of a hybrid approach used to...

The Indian power sector is experiencing a lot of pressure to supply sustainable electricity at affordable cost due to heavy demand especially in the summer peak season. Most of India's electricity is produced by fossil fueled power plants, which are the source of CO₂ emissions. In this case,...

This work aims at the economic evaluation of a semi-underground pumped hydro storage power plant erected in an abandoned open pit mine. For the exploratory model-based analysis, we develop and apply both a simple deterministic and a stochastic net present value (NPV) approach, the latter of...

Previous studies on the economics of onshore wind parks in Germany found that geographic diversifi-cation results in no significant system costs savings. Furthermore, such diversification does not neces-sarily result in higher market values (Eising et al., 2020) or better merchant profitability...

Over the last five decades, there have been a few phases of interest in the so-called hydrogen economy, stemming from the need for either energy security enhancement or climate change mitigation. None of these phases has been successful in a major market development mainly due to the lack of...

This paper analyzes the negative external effects caused by the introduction of variable renewable energy sources into an inflexible power system. We investigate the costs that arise due to the need for temporarily reducing their output to relief grid overstress in the case of high electricity...

Massive increases in Internet data traffic over the last years have led to rapidly rising electricity demand and CO2 emissions, giving rise to environmental externalities and network congestion costs. One particular concern is the rise in data traffic generated by video-streaming services. We...

In a perfectly competitive market with a possibility of technological innovation we contrast guaranteed feed-in tariffs for electricity from renewables and tradable green certificates from a dynamic efficiency and social welfare point of view. Specifically, we model decisions about the...