The study is motivated by the question “what is the optimal tariff design?” While we do not offer an answer to this question, we use the different designs in four select countries to illuminate the issues involved in designing electricity network tariffs. Electricity networks are a resource...

We examine why and how coal liquefaction, or coal-to-liquids, makes its case in China. Different from Europe and the United States, China is actively developing coal-to-liquids technologies and projects. Different from conventional wisdom that in China the central government mandates and guides...

Virtual bidding is a type of transaction introduced into wholesale electricity markets to improve competition and pricing. This paper analyzes the theory behind virtual bidding and describes circumstances under which it does not work as advertised. The case for virtual bidding is predicated on...

We analyze the levelized cost of electricity (LCOE) for three different fuel cycles: a Once-Through Cycle, in which the spent fuel is sent for disposal after one use in a reactor, a Twice-Through Cycle, in which the spent fuel is recycled for a second use in a light water reactor after which the...

The Northeast region of China has been used as a testing ground for the creation of a functioning wholesale electric power market. We describe the profile of generation assets throughout the region and the ownership of plants. We calculate the 4-firm Concentration Ratio (CR4) and the...