Home-work commuting distances are increasing in Europe. Many studies see this as due to geographical mismatches between workplaces and homes, or worker skills and job locations, and often recommend policies to close geographical gaps between jobs and suitable workers. A different approach sees...

In this paper we start off by reviewing the literature on how to extend the meanvariance portfolio model to multi-stage portfolio problems. We then apply a multiperiod portfolio selection model to power generation assets, which is based on a reallocation methodology with scenario tree. Two...

Insight into the homeowner’s adoption decisions in favor of a specific innovative residential heating system (RHS) helps us to understand and assess the dynamics of the adoption and diffusion of such technological systems as a “social” phenomenon. This phenomenon emerges from the...

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The Integrated Energy and Climate Protection Program of the German government includes the political target of doubling the share of combined heat and power generation (CHP) in Germany from currently about 12% to 25% by 2020. In order to reach this goal, a new CHP law was enacted to improve the...

In this paper, we model the economic feasibility of compressed air energy storage (CAES) to improve wind power integration. The Base Case is a wind park with 100 MW of installed capacity and no storage facility. In Variant 1 we add a central CAES system with 90 MW of compressor and 180 MW of...

In the electricity sector, most of the trades are still done in the OTC market without direct mitigation of credit risk. Newer discussions fuelled by the European Commission (EUCOM 2009a,b) show that there is a political will to enforce a stronger collateralization policy on all European...

In this paper we introduce HECTOR, a new and advanced long-term electricity market model that simulates market behavior bottom-up through opportunistic, variable cost-based bidding of individual power plants into auction-based national markets with international interconnection capacities....

In this paper, we investigate the technological development and economic potential of the photobioreactor (PBR) technology for energy purposes, i.e. production of hydrogen or biofuels. The approach adopted is to consider the technology, its expected costs and revenues, and related risks from an...

The EU Directive 2004/8/EC, concerning the promotion of cogeneration, established principles on how EU member states can support combined heat and power generation (CHP). Up to now, the implementation of these principles into national law has not been uniform, and has led to the adoption of...