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Merchant Electricity Transmission Expansion : A European Case Study

Kristiansen, Tarjei - 2010

We apply a merchant transmission model to the trilateral market coupling (TLC) arrangement among the Netherlands, Belgium and France as a generic example, and note that it can be applied to any general market splitting or coupling of Europe's different national power markets. In this merchant...

Persistent link: https://www.econbiz.de/10013141041

The Reliability in the Competitive Electric Systems and the Colombian Model Charge for Reliability

Restrepo Estrada, María - 2012

The purpose of this article is to analyze the security of supply in Colombia. The analysis considers the Reliability Charge, which is a model adapted in Colombia to guarantee generation investments. We measure the difference among demand supply electricity scenarios. The supply side for new...

Persistent link: https://www.econbiz.de/10013101101

Using Virtual Bids to Manipulate the Value of Financial Transmission Rights

Ledgerwood, Shaun D. - 2012

In this paper, we present a straightforward economic model that explains the incentives to manipulate nodal energy prices in a “Day 2” RTO market. The model distinguishes between legitimate market participation that increases overall market efficiency and manipulative behavior that distorts...

Persistent link: https://www.econbiz.de/10013106996

Nodal Pricing of the European Electricity Grid - A Welfare Economic Analysis for Feeding-In Offshore Wind Electricity

Weigt, Hannes - 2008

In this paper, we apply the theory of nodal pricing to a particularly urgent issue of energy and environmental economics: the integration of wind power in electricity systems. We use a nodal pricing model to analyze the impact of German wind power production on the North Western European power...

Persistent link: https://www.econbiz.de/10012724228

A Dynamic Incentive Mechanism for Transmission Expansion in Electricity Networks - Theory, Modeling and Application

Rosellon, Juan - 2008

-to-point transactions or financial transmission rights (FTRs) and applies Vogelsang's (2001) incentive-regulation logic that proposes …

Persistent link: https://www.econbiz.de/10012724258

Uncertainty and Regulatory Outcome in the Swedish Electricity Distribution Sector

Söderberg, Magnus - 2007

Regulatory agencies are potentially influenced by market characteristics and underlying incentives and use simplifying decision rules. When decision uncertainty increases, it is hypothesised that these influences become more apparent. This study investigates civil cases initiated by dissatisfied...

Persistent link: https://www.econbiz.de/10012728965

Is There Still a Case for Merchant Interconnectors? Insights from an Analysis of Welfare and Distributional Aspects of Options for Network Expansion in the Baltic Sea Region

Gerbaulet, Clemens - 2014

Despite the ongoing appetite of financial investors for merchant investments into the European electricity network, the EC is reluctant to approve such undertakings, thus implicitly favoring regulated investments. Based on a two-level model, we analyze the impact of profit-maximizing merchant...

Persistent link: https://www.econbiz.de/10013048401

Idiosyncratic Risk and the Cost of Capital – The Case of Electricity Networks

Schober, Dominik - 2014

We analyze the treatment and impact of idiosyncratic or firm-specific risk in regulation. Regulatory authorities … regulation. In contrast, it is common to apply only a single benchmark, the weighted average cost of capital (WACC), uniformly to ….0 percentage points depending on the size of the firm (in the range of 3% to 40% of total cost of capital). Regulation of …

Persistent link: https://www.econbiz.de/10013059866

Analysing the Sensitivity of Electricity System Operational Costs to Deviations in Supply and Demand

Batalla-Bejerano, Joan - 2015

Increasing renewable penetration has given rise to a series of challenges as regards the ability of electricity systems to balance supply and demand, particularly with high levels of intermittent renewable generation. This new scenario requires a detailed quantitative assessment of the way in...

Persistent link: https://www.econbiz.de/10013026107

Implications of Smart Grid Innovation for Organizational Models in Electricity Distribution

Kiesling, L. Lynne - 2015

Digital technologies from outside the electricity industry are prompting changes in both regulatory institutions and electric utility business models, leading to the disaggregation or unbundling of historically vertically integrated electricity firms in some jurisdictions and not others, and...

Persistent link: https://www.econbiz.de/10013027371