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Measuring Demand Responses to Wholesale Electricity Prices Using Market Power Indices
Genc, Talat - 2016
We investigate wholesale demand response to hourly price movements in the Ontario wholesale electricity market using detailed generator and market level data. We calculate hourly market power measures such as the Lerner Index and the Residual Supplier Index, which are utilized in a Cournot...
Persistent link: https://www.econbiz.de/10012995788
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Measuring Productivity When Technologies are Heterogeneous : A Semi-Parametric Approach for Electricity Generation
Seifert, Stefan - 2015
While productivity growth in electricity generation is associated with multiple positive effects from an economic and … environmental perspective, measuring it is challenging. This paper proposes a framework to estimate and decompose productivity … estimation based on stochastic non-smooth envelopment of data (StoNED) allows for productivity estimation with few microeconomic …
Persistent link: https://www.econbiz.de/10013010975
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A profit-maximizing approach for transmission expansion planning using a revenue-cap incentive mechanism
Hesamzadeh, Mohammad Reza; Rosellón, Juan; Gabriel, … - 2015
This paper proposes an incentive mechanism for transmission expansion planning. The mechanism is a bilevel program. The upper level is a profit-maximizing transmission company (Transco) which expands its transmission system while endogenously predicts and influences the generation investment....
Persistent link: https://www.econbiz.de/10010519927
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Benchmarking heterogeneous distribution system operators : evidence from Norway
Elias, George - 2016
Regulatory authorities in the European electricity sector use benchmarking techniques to determine the cost-efficient production level for an incentive regulation of distribution system operators (DSOs). With nearly 900 DSOs operating in the German electricity sector, of which 200 subject to...
Persistent link: https://www.econbiz.de/10011448121
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Toward a Combined Merchant-Regulatory Mechanism for Electricity Transmission Expansion
Hogan, William W. - 2010
Electricity transmission pricing and transmission grid expansion have received increasing regulatory and analytical attention in recent years. Since electricity transmission is a very special service with unusual characteristics, such as loop flows, the approaches have been largely tailor-made...
Persistent link: https://www.econbiz.de/10013141078
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A stochastic discrete choice dynamic programming model of power plant operations and retirement
Çam, Eren; Hinkel, Niklas; Schönfisch, Max - 2022
We present a methodology to estimate fixed cost parameters relevant to the decision to operate, mothballor retire an open-cycle gas turbine (OCGT) using a dynamic discrete choice model, based on fuel andelectricity prices, as well as technical data and the operational status of OCGTs in the PJM...
Persistent link: https://www.econbiz.de/10012820376
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A Simple Regulatory Incentive Mechanism Applied to Electricity Transmission Pricing and Investment
Hesamzadeh, Mohammad Reza - 2018
The informationally simple approach to incentive regulation applies mechanisms that translate the regulator's objective function into the firm's profit-maximizing objective. These mechanisms come in two forms, one based on subsidies/taxes, the other based on constraints/price caps. In spite of a...
Persistent link: https://www.econbiz.de/10012932120
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Equilibrium supply security in a multinational electricity market with renewable production
Tangerås, Thomas P. - 2017
An increasing reliance on solar and wind power has raised concern about system ability to consistently satisfy electricity demand. This paper examines countries' unilateral incentives to achieve supply security through capacity reserves and market integration in a multinational electricity...
Persistent link: https://www.econbiz.de/10011633642
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A simple regulatory incentive mechanism applied to electricity transmission pricing and investment
Hesamzadeh, Mohammad Reza; Rosellón, Juan; Gabriel, … - 2017
The informationally simple approach to incentive regulation applies mechanisms that translate the regulator’s objective function into the firm’s profit-maximizing objective. These mechanisms come in two forms, one based on subsidies/taxes,the other based on constraints/ price caps. In spite...
Persistent link: https://www.econbiz.de/10011746784
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Vertical Integration and Capacity Competition in Electricity Markets
Walshaw, Rowan; Meagher, Kieron - 2008
This paper characterises the impact of vertical integration on price equilibria and incentives to strategically withhold capacity in a wholesale electricity auction. A two-stage game is analysed where vertically integrated firms first declare the quantity of electricity available and then...
Persistent link: https://www.econbiz.de/10014214770