This paper assesses whether the global fall in inflation expectations together with increased fear of recession, the economic mechanism that drives asset prices in a model with consumption habits, help to explain the downward trajectory in nominal government bond yields and the stock price...

We study optimal subsidies for renewable energy (RE) generation to internalize external benefits from intertemporal learning-by-doing spillovers, taking into account increasing marginal costs at the industry level due to limited availability of sites suitable for RE. We find that the optimal RE...

We consider an economy in which competitive firms use three technologies for electricity production: pollutive fossils, intermittent renewables like wind or solar, and storage. We determine optimal subsidies for renewables and storage capacities when carbon pricing is imperfect. This policy is...

The current Energy Market is not yet ready for the integration of the Smart Grid context. Concepts such as Demand Response and Distributed Generation, namely renewable energy resources, are not yet included in current business models in order to the system flow properly. Therefore, the authors...

In the last decade Demand Response (DR) programs have been influencing loads' profiles of electric users who participate in these programs. The evolution of the simulations able to study them brought to the possibility of defining new models that can consider power consumption profiles for...

In this paper, a reliable and cost-effective polygeneration system for an existing test building, able to provide electricity, cooling and heating needs is presented, modelled and assessed. The system relies on solar energy as the primary source (PV and solar thermal collectors). Building...