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The Welfare Loss of Subsidies in Global Electricity Markets
Pineau, Pierre-Olivier - 2020
Subsidies induce a market inefficiency by creating a deadweight loss, since supply and demand are out of equilibrium. In 2016, electricity subsidies were the largest component of the total global energy subsides, with an estimated 128 billion USD out of 287 billion USD. Electricity generation is...
Persistent link: https://www.econbiz.de/10012824897
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Electricity cross-subsidies in the People’s Republic of China: equity, reverse Ramsey pricing, and welfare analysis
Li, Yumin; Jiang, Yan; Dong, Changgui - 2020
market, i.e., the residential electricity price has been lower than the industrial electricity price for decades, and the … electricity industry to achieve efficient outcomes, which implies that the residential electricity price should be higher than the … industrial electricity price based on their price elasticities. This paper presents one explanation of the phenomenon of reverse …
Persistent link: https://www.econbiz.de/10012289791
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Policy implications of a world with renewables, limited dispatchability, and fixed load
Mier, Mathias - 2018
Most electricity systems face contractual fixed consumer prices in the short term, that is, load and price are fixed …
Persistent link: https://www.econbiz.de/10011882245
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Efficient Pricing of Electricity Revisited
Mier, Mathias - 2020
consumers need subsidization in high of their disruption cost. We identify imperfections that arise from the delay in price …
Persistent link: https://www.econbiz.de/10012847072
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Zonal Supply Curve Estimation in Transmission-Constrained Electricity Markets
Sahraei-Ardakani, Mostafa; Blumsack, Seth; Kleit, Andrew N. - 2011
supply curves, each segment of which represents the influence of a particular fuel type on the zonal electricity price. Our … the influence of natural gas on electricity price formation and increase the influence of coal. We also find that the …
Persistent link: https://www.econbiz.de/10014177040
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Electricity Pricing Problems in Future Renewables-Dominant Power Systems
Mallapragada, Dharik; Junge, Cristian; Wang, Cathy Xun; … - 2022
Constraints on electric power system carbon emissions will make optimal increased reliance on variable renewable energy (VRE, mainly wind and solar generation), which has near zero marginal operating costs. Using capacity expansion modeling of electric power systems in three US regions in...
Persistent link: https://www.econbiz.de/10013294849
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Portfolio theory and electricity forward markets
Michalovský, Michal; Paholok, Igor - In: European financial and accounting journal : EFAJ 6 (2011) 1, pp. 76-103
variance of the spot price has a strictly negative relationship to the risk premium, it is shown that the portfolio theory …
Persistent link: https://www.econbiz.de/10011459962
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Network charging schemes and self-supply: instruments to prevent self-reinforcing dynamics
Brandstätt, Christine - 2021
Self-supply can destabilize the finance of a distribution network. This paper analyses under which circumstances the tariff structure of a distribution network is stable or unstable under pressure of self-supply and provides recommendation how to change the tariff structure to restore stability...
Persistent link: https://www.econbiz.de/10012660768
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Long-term Contracts and Efficiency in the Liquefied Natural Gas Industry
Zahur, Nahim Bin - 2022
In many capital-intensive markets, sellers sign long-term contracts with buyers before committing to sunk cost investments. Ex-ante contracts mitigate the risk of under-investment arising from ex-post bargaining. However, contractual rigidities reduce the ability of firms to respond flexibly to...
Persistent link: https://www.econbiz.de/10014076857
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Gas Contract Indexation and Market Power
Adamson, Seabron - 2022
Recent high natural gas prices have focused attention on competition in European gas markets. In response to anti-trust pressures, many long-term pipeline gas contracts in Europe have shifted from oil-linked indexation to pricing based on traded European gas hub indices. In this short paper I...
Persistent link: https://www.econbiz.de/10014076862