This research examines households’ willingness to pay (WTP) for an improved electricity service. Households’ stated WTP is estimated using the choice experiment method (CE). The data used in the estimations came from 350 in-person interviews conducted during the period 5–22 August 2008 in...

In this paper we analyze the German congestion management regime and assess future congestion management costs given a higher share of intermittent renewable generation. In this context, cost-based re-dispatching of power plants and technical flexibility through topology optimization are...

Our objective in writing this paper is to share what we have learned about the promise of wind energy and its potential contribution to a comprehensive solution to the long-term energy needs of the U.S. economy. The immediate impetus for our interest came out of a meeting with famed oilman and...

Wind energy has become the major renewable energy source in Germany with an installed capacity of more than 20 GW and an annual output of about 40 TWh in 2007. In this paper we analyze the extent to which wind energy can replace fossil capacities based on wind injection and demand data for 2006...

In this paper we compare different approaches to account for start-up costs when modeling electricity markets. We restrict the model formulation to either linear or mixed integer problems in order to guarantee a robust solution. The results indicate that the choice of the model has a significant...

It is almost certain that the US Congress is going to pass some kind of comprehensive climate change legislation that in some fashion will have mandatory limits or costs for the production of Carbon Dioxide. How this legislation is constructed will have enormous impacts on the economy and the...

Energy and climate policies are usually seen as measures to internalize externalities. However, as a side effect, these policies redistribute wealth between consumers and producers, and within these groups. While redistribution is seldom the focus of the academic literature in energy economics,...

Concerns about climate change have led many to advocate for future reliance on nuclear power, a constant low‐​carbon energy source. But nuclear’s high capital costs have historically precluded its ability to be cost‐​competitive with fossil fuel generators. Would nuclear power be...

In this paper we introduce a method for quantifying the benefits and costs of implementing a grid-connected onshore wind project that is owned and operated by an independent power producer (IPP). The outcomes and risks are assessed from the perspective of all stakeholders. The proposed policy...

In this paper a game-theoretical model with self-interest pursuing consumers is introduced to assess how to design a least-cost distribution tariff under two constraints that regulators typically face. The first constraint is related to difficulties regarding the implementation of...