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of the electricity market in the U.S. as our case study, we find support for our theoretical predictions. Furthermore, we … investigate the impact this change in procurement contracts has on efficiency. Focusing on coal mines, we find that those selling … coal to plants in restructured markets are significantly more productive than their counterparts working with regulated …
Persistent link: https://www.econbiz.de/10013030481
The purchase of multifuel vehicles (MFVs) has been incentivized by policies across the globe. Such vehicles are able to operate on more than one source of energy, so they introduce fuel (or energy) choice as one additional dimension consumers decide about. As fuels differ in terms of carbon...
Persistent link: https://www.econbiz.de/10014258640
the influence of natural gas on electricity price formation and increase the influence of coal. We also find that the … difficult to model. We develop a method for estimating zonal supply curves in transmission-constrained electricity markets that … supply curves, each segment of which represents the influence of a particular fuel type on the zonal electricity price. Our …
Persistent link: https://www.econbiz.de/10014177040
strategy could significantly reduce the cost of increasing the share of greenhouse gas free wind and solar electricity … production in an electricity supply industry. … to shift consumption from high demand periods to low demand periods within the day, which suggests that such a pricing …
Persistent link: https://www.econbiz.de/10012132625
The increasing use of demand-side management as a tool to reliably meet electricity demand at peak time has stimulated … the growing literature on models used to study demand, consumer baseline (CBL) and demand response in the electricity … and demand response in the power market and their relationships. It enhances demand response in the electricity market …
Persistent link: https://www.econbiz.de/10009548648
With the liberalisation of the European electricity market, new instruments are searched for in order to co …-ordinate climate change initiatives with competition. This paper analyses the potential of a system of green electricity certificates …
Persistent link: https://www.econbiz.de/10011608513
We find a limited parallel between lump-sum taxes and environmental taxes. Corollary 2, which extends Sandmo’s observation, shows that appropriated corrective revenues have the same non-distortionary effects as lump-sum taxes, the result reducing to the original observation when the...
Persistent link: https://www.econbiz.de/10010318913
Market manipulation is a poorly understood phenomenon, due in part to legal standards that categorize manipulative behavior as either an act of outright fraud or as the nebulous use of market power to produce an artificial price. In this paper, we consider a third type of behavior that can...
Persistent link: https://www.econbiz.de/10013093577
forward contract positions and competingin wholesale electricity markets. We focus on fixed and premium-priced feed-in tariff … thepremium-priced policy. We find conditions under which renewable resources that are more correlated with market demand are …
Persistent link: https://www.econbiz.de/10012911591
In the real world, markets are never in equilibrium and there is insufficient information to determine the ideal policy. Maximizing long-run consumer surplus is a heuristic for approximating optimal economic policy. Ideally, if the economy was at an efficient equilibrium, we'd maximize both...
Persistent link: https://www.econbiz.de/10012919211