Une problématique qui se pose dès lors que certaines activités électriques sont ouvertes à la concurrence est le pouvoir de marché. Le passage des prix régulés à des prix concurrentiels accroît les possibilités de manipulation des prix par les entreprises. Cet article est centré sur...

Optimal capacity allocation for investments in electricity generation assets can be deterministically derived by comparing technology specific long-term and short-term marginal costs. In an uncertain market environment, Mean-Variance Portfolio (MVP) theory provides a consistent framework to...

In this article we discuss welfare-optimal capacity allocation of different electricity generation technologies available for serving system demand. While the classical peak load pricing theory derives the efficient portfolio structure from a deterministic marginal production cost curve ("merit...

Investments in power generation assets are risky due to high construction costs and long asset lifetimes. Technology diversification in generation portfolios represents one option to reduce long-term investment risks for risk-averse decision makers. In this article, we analyze the impact of...

Die Bewertung von Strom- und Gasnetzen hat für jeden Netzeigentümer eine hohe Bedeutung. In dem Beitrag werden die relevanten Bewertungsmethoden dargestellt. Vertieft werden die Elemente für die Ermittlung des Ertragswerts unter Berücksichtigung der deutschen Netzregulierung. Für die...

The regulated price mechanism in China’s power industry has attracted much criticism because of its incapability to optimize the allocation of resources. To build an “open, orderly, competitive and complete” power market system, the Chinese government launched an unprecedented...

This paper applies the dynamic linear model (DLM) estimated based on the Bayesian approach to project electricity consumption for five Brazilian regional units. The appeal for the use of DLM in the case of energy consumption is due to the fact that in this model the adjustment occurs in the unit...

Environmental regulation can be broadly divided into those that follow the top-down and bottom-up approaches. The two approaches have similar objective with respect to environmental protection and sustainability. However, the success with which each approach achieves goals of environmental...

The Nigerian power sector reform is necessitated by the chronic poor performance of the sector and has as its compass the 2005 Electric Power Sector Reform Act and the Roadmap for Power Sector Reform 2010. Implementing reform has resulted in significant progress that includes unbundling and...